Deutsche Bank (DB) Stock Rating Reaffirmed by Credit Suisse Group

Deutsche Bank (NYSE:DB)‘s stock had its “hold” rating reissued by equities research analysts at Credit Suisse Group in a note issued to investors on Wednesday.

Other equities research analysts have also recently issued reports about the company. Zacks Investment Research raised Deutsche Bank from a “sell” rating to a “hold” rating in a research note on Monday, October 8th. DZ Bank reaffirmed a “neutral” rating on shares of Deutsche Bank in a research note on Wednesday, July 25th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Deutsche Bank in a research note on Tuesday, September 4th. Finally, Bank of America cut Deutsche Bank from a “neutral” rating to an “underperform” rating in a research note on Monday, August 13th. Five equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $12.50.

NYSE:DB opened at $11.26 on Wednesday. Deutsche Bank has a 52 week low of $10.36 and a 52 week high of $20.23. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.38. The firm has a market capitalization of $23.48 billion, a price-to-earnings ratio of -18.77 and a beta of 1.35.

Deutsche Bank (NYSE:DB) last issued its quarterly earnings data on Wednesday, July 25th. The bank reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.17). Deutsche Bank had a negative net margin of 3.33% and a negative return on equity of 1.85%. The firm had revenue of $7.86 billion during the quarter. On average, research analysts predict that Deutsche Bank will post 0.43 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in Deutsche Bank by 3,809.3% during the 1st quarter. BlackRock Inc. now owns 11,728 shares of the bank’s stock worth $164,000 after buying an additional 11,428 shares during the last quarter. Guggenheim Capital LLC purchased a new stake in Deutsche Bank during the 1st quarter worth about $469,000. Cubist Systematic Strategies LLC lifted its holdings in Deutsche Bank by 250.5% during the 1st quarter. Cubist Systematic Strategies LLC now owns 62,635 shares of the bank’s stock worth $876,000 after buying an additional 44,767 shares during the last quarter. Millennium Management LLC purchased a new stake in Deutsche Bank during the 1st quarter worth about $1,649,000. Finally, CIBC World Markets Inc. lifted its holdings in Deutsche Bank by 185.0% during the 1st quarter. CIBC World Markets Inc. now owns 39,424 shares of the bank’s stock worth $551,000 after buying an additional 25,589 shares during the last quarter. 20.89% of the stock is owned by hedge funds and other institutional investors.

About Deutsche Bank

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. It operates through three segments: Corporate & Investment Bank (CIB), Private & Commercial Bank (PCB), and Deutsche Asset Management.

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