Deutsche Bank Aktiengesellschaft (NYSE:DB) Given Consensus Rating of “Moderate Buy” by Brokerages

Deutsche Bank Aktiengesellschaft (NYSE:DB) has been assigned a consensus rating of “Moderate Buy” from the ten analysts that are covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $43.00.

Several research firms recently issued reports on DB. Weiss Ratings raised Deutsche Bank Aktiengesellschaft from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, July 29th. Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, September 2nd. Citigroup reissued a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 20th. Keefe, Bruyette & Woods raised shares of Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research note on Thursday, July 9th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, July 30th.

Deutsche Bank Aktiengesellschaft Stock Down 0.8%

Deutsche Bank Aktiengesellschaft stock opened at $40.31 on Friday. The company has a market capitalization of $78.21 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of 0.56 and a beta of 0.96. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.72 and a current ratio of 0.72. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $28.12 and a fifty-two week high of $41.62. The firm has a 50 day moving average price of $37.68 and a 200 day moving average price of $34.13.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings results on Thursday, July 30th. The bank reported $0.66 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $9.30 billion. Research analysts expect that Deutsche Bank Aktiengesellschaft will post 3.92 earnings per share for the current year.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC boosted its holdings in Deutsche Bank Aktiengesellschaft by 51.6% in the second quarter. GAMMA Investing LLC now owns 814 shares of the bank’s stock valued at $27,000 after purchasing an additional 277 shares during the period. Triumph Capital Management purchased a new stake in Deutsche Bank Aktiengesellschaft during the 3rd quarter worth about $32,000. Geneos Wealth Management Inc. increased its holdings in Deutsche Bank Aktiengesellschaft by 178.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock worth $40,000 after purchasing an additional 881 shares during the period. Advisory Services Network LLC acquired a new stake in Deutsche Bank Aktiengesellschaft in the 3rd quarter valued at about $59,000. Finally, GHP Investment Advisors Inc. purchased a new position in shares of Deutsche Bank Aktiengesellschaft in the 1st quarter valued at about $64,000. Institutional investors and hedge funds own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft is a Germany-based global financial services company headquartered in Frankfurt. Founded in 1870 in Berlin, the bank provides banking and investment services to corporations, institutions, governments, small and medium-sized businesses, and private clients across Europe and other international markets.

The company’s principal businesses include Corporate Bank, Investment Bank, Private Bank and Asset Management. Its services include transaction banking, cash management, trade finance, lending, investment banking, securities sales and trading, foreign exchange, research, wealth management, retail banking and private banking.