Zacks Investment Research upgraded shares of Deutsche Bank (NYSE:DB) from a strong sell rating to a buy rating in a research report report published on Wednesday morning. Zacks Investment Research currently has $16.00 target price on the bank’s stock.
According to Zacks, “On the NYSE, shares of Deutsche Bank have underperformed the industry, over the past six months. The bank’s profitability remains threatened by a stressed operating environment and sluggish growth of the European economy. Also, margins continue to remain under pressure owing to low interest rates. Further, litigation issues related to past misconducts continue and legal costs might deter bottom-line growth. However, Deutsche Bank’s efforts to improve financials by offloading unprofitable businesses and reducing expenses are encouraging. Also, the newly appointed chief executive officer remains confident of staging a turnaround fast through improvement in all the business segments.”
Several other equities research analysts also recently weighed in on the stock. DZ Bank reissued a buy rating on shares of Deutsche Bank in a research report on Tuesday, April 10th. Bank of America raised shares of Deutsche Bank from an underperform rating to a neutral rating in a research report on Monday, February 19th. ValuEngine downgraded shares of Deutsche Bank from a buy rating to a hold rating in a research report on Wednesday, February 7th. HSBC downgraded shares of Deutsche Bank from a buy rating to a hold rating in a research report on Monday, January 8th. Finally, Citigroup reissued a sell rating on shares of Deutsche Bank in a research report on Tuesday, December 19th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $17.41.
DB stock opened at $14.37 on Wednesday. Deutsche Bank has a 52-week low of $13.52 and a 52-week high of $20.23. The company has a market cap of $29,720.20, a PE ratio of -24.07 and a beta of 1.44. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 2.44.
Deutsche Bank (NYSE:DB) last released its earnings results on Friday, March 16th. The bank reported ($1.35) earnings per share (EPS) for the quarter. Deutsche Bank had a negative net margin of 2.34% and a negative return on equity of 1.28%. The business had revenue of $6.72 billion for the quarter. sell-side analysts predict that Deutsche Bank will post 1.21 EPS for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in DB. First Republic Investment Management Inc. bought a new stake in shares of Deutsche Bank during the third quarter valued at approximately $180,000. Cubist Systematic Strategies LLC grew its position in Deutsche Bank by 185.5% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 55,750 shares of the bank’s stock worth $963,000 after purchasing an additional 36,224 shares during the period. AXA grew its position in Deutsche Bank by 4.4% in the 3rd quarter. AXA now owns 576,380 shares of the bank’s stock worth $9,960,000 after purchasing an additional 24,508 shares during the period. Parametric Portfolio Associates LLC grew its position in Deutsche Bank by 10.2% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,048,013 shares of the bank’s stock worth $18,110,000 after purchasing an additional 97,325 shares during the period. Finally, Bank of Montreal Can grew its position in Deutsche Bank by 318.5% in the 4th quarter. Bank of Montreal Can now owns 2,035,105 shares of the bank’s stock worth $38,727,000 after purchasing an additional 1,548,873 shares during the period. 25.00% of the stock is owned by institutional investors.
About Deutsche Bank
Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, affluent clients, and small and medium sized corporate clients worldwide. The company's Global Markets segment offers financial markets' products, such as bonds, equities and equity-linked products, exchange-traded and over-the-counter derivatives, foreign exchange, money market instruments, and structured products.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Deutsche Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deutsche Bank and related companies with MarketBeat.com's FREE daily email newsletter.