Deutsche Bank Aktiengesellschaft (NYSE:DB) Stock Has Average Price Target of $43.00

Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) have received an average rating of “Moderate Buy” from the ten brokerages that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $43.00.

Several research analysts have recently commented on DB shares. Weiss Ratings raised shares of Deutsche Bank Aktiengesellschaft from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, July 29th. Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, September 2nd. The Goldman Sachs Group upgraded Deutsche Bank Aktiengesellschaft from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 1st. Zacks Research raised Deutsche Bank Aktiengesellschaft from a “strong sell” rating to a “hold” rating in a report on Thursday, August 27th. Finally, Bank of America set a $43.00 price target on Deutsche Bank Aktiengesellschaft in a report on Tuesday, July 7th.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

A number of hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its position in shares of Deutsche Bank Aktiengesellschaft by 51.6% during the second quarter. GAMMA Investing LLC now owns 814 shares of the bank’s stock worth $27,000 after acquiring an additional 277 shares during the last quarter. GHP Investment Advisors Inc. acquired a new stake in shares of Deutsche Bank Aktiengesellschaft in the first quarter valued at approximately $64,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 22,576.9% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,948 shares of the bank’s stock valued at $114,000 after buying an additional 2,935 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in Deutsche Bank Aktiengesellschaft in the 2nd quarter worth approximately $164,000. Finally, Verus Capital Partners LLC bought a new stake in Deutsche Bank Aktiengesellschaft during the 4th quarter valued at $214,000. 27.90% of the stock is currently owned by institutional investors.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of DB opened at $34.96 on Tuesday. Deutsche Bank Aktiengesellschaft has a 52 week low of $28.12 and a 52 week high of $41.62. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.35. The firm has a market cap of $67.83 billion, a price-to-earnings ratio of 9.32, a PEG ratio of 0.48 and a beta of 1.00. The stock has a 50 day moving average of $38.20 and a 200-day moving average of $34.65.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings data on Thursday, July 30th. The bank reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.25). Deutsche Bank Aktiengesellschaft had a return on equity of 8.46% and a net margin of 11.53%.The firm had revenue of $9.68 billion for the quarter, compared to the consensus estimate of $9.30 billion. As a group, analysts forecast that Deutsche Bank Aktiengesellschaft will post 3.93 EPS for the current year.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft is a Germany-based global financial services company headquartered in Frankfurt. Founded in 1870, the bank serves corporations, institutions, governments, entrepreneurs and private clients through a broad range of banking and financial services.

Its principal business areas include Corporate Bank, Investment Bank, Private Bank and Asset Management. Services include transaction banking, lending, cash management, trade finance, investment banking, securities trading, wealth management, retail banking and asset management.