Deutsche Bank Aktiengesellschaft (NYSE:DB) Stock Moved Down to “Strong Sell” by Zacks Research

Deutsche Bank Aktiengesellschaft (NYSE:DB) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Tuesday, Zacks reports.

Other research analysts have also issued reports about the company. The Goldman Sachs Group raised Deutsche Bank Aktiengesellschaft from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 1st. Keefe, Bruyette & Woods raised Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research report on Thursday, July 9th. Royal Bank Of Canada restated a “buy” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Sunday, October 4th. Weiss Ratings upgraded Deutsche Bank Aktiengesellschaft from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 29th. Finally, DZ Bank restated a “buy” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, July 29th. Ten investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Deutsche Bank Aktiengesellschaft currently has an average rating of “Moderate Buy” and an average price target of $43.00.

Deutsche Bank Aktiengesellschaft Stock Performance

NYSE:DB opened at $32.79 on Tuesday. The company has a market cap of $63.61 billion, a P/E ratio of 8.74, a P/E/G ratio of 0.47 and a beta of 1.00. The firm’s 50 day moving average is $37.77 and its two-hundred day moving average is $34.87. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $28.12 and a fifty-two week high of $41.62. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.35.

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 net margin of 11.53% and a return on equity of 8.46%. The company had revenue of $9.68 billion for the quarter, compared to analysts’ expectations of $9.30 billion. Analysts expect that Deutsche Bank Aktiengesellschaft will post 3.85 EPS for the current year.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

Several large investors have recently made changes to their positions in DB. Amundi raised its stake in shares of Deutsche Bank Aktiengesellschaft by 11.4% in the 1st quarter. Amundi now owns 60,059,707 shares of the bank’s stock valued at $1,788,578,000 after acquiring an additional 6,139,611 shares during the period. Bank of America Corp DE lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 83.1% during the 1st quarter. Bank of America Corp DE now owns 21,420,171 shares of the bank’s stock valued at $637,893,000 after acquiring an additional 9,719,181 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in Deutsche Bank Aktiengesellschaft by 5.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 18,743,906 shares of the bank’s stock worth $600,821,000 after purchasing an additional 957,307 shares during the period. Kahn Brothers Group Inc. purchased a new stake in Deutsche Bank Aktiengesellschaft during the 2nd quarter worth $297,800,000. Finally, Artemis Investment Management LLP boosted its position in Deutsche Bank Aktiengesellschaft by 242.2% during the 3rd quarter. Artemis Investment Management LLP now owns 4,997,095 shares of the bank’s stock worth $180,435,000 after purchasing an additional 3,536,604 shares during the period. Institutional investors and hedge funds own 27.90% of the company’s stock.

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.