DZ Bank reiterated their neutral rating on shares of Deutsche Bank (NYSE:DB) in a research note released on Tuesday morning, Borsen Zeitung reports.
Other equities research analysts have also issued reports about the stock. Royal Bank of Canada reissued a sell rating and issued a $7.50 target price on shares of Deutsche Bank in a report on Thursday, April 25th. JPMorgan Chase & Co. reissued a hold rating and issued a $7.00 target price on shares of Deutsche Bank in a report on Thursday, April 25th. Zacks Investment Research lowered shares of Horiba from a hold rating to a sell rating in a report on Wednesday, May 22nd. HSBC reissued a hold rating on shares of Societe Generale in a report on Thursday, April 4th. Finally, Barclays reissued a sell rating on shares of Deutsche Bank in a report on Monday, March 25th. Eight investment analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the stock. Deutsche Bank has an average rating of Hold and an average target price of $7.60.
NYSE DB opened at $7.55 on Tuesday. Deutsche Bank has a 52 week low of $6.61 and a 52 week high of $13.17. The stock has a market cap of $15.29 billion, a price-to-earnings ratio of -755.00 and a beta of 1.51. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 2.27. The company’s 50-day simple moving average is $7.18.
Deutsche Bank (NYSE:DB) last released its quarterly earnings results on Friday, April 26th. The bank reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.02. Deutsche Bank had a net margin of 0.92% and a return on equity of 0.49%. The firm had revenue of $7.21 billion during the quarter. As a group, analysts forecast that Deutsche Bank will post 0.48 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hudson Executive Capital LP increased its stake in shares of Deutsche Bank by 8.8% during the 4th quarter. Hudson Executive Capital LP now owns 64,861,476 shares of the bank’s stock worth $528,624,000 after purchasing an additional 5,270,000 shares during the last quarter. Norges Bank bought a new stake in shares of Deutsche Bank during the 4th quarter worth about $161,774,000. DekaBank Deutsche Girozentrale boosted its holdings in shares of Deutsche Bank by 12.0% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 17,752,113 shares of the bank’s stock worth $200,006,000 after buying an additional 1,904,859 shares during the period. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Deutsche Bank by 14.6% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 16,219,213 shares of the bank’s stock worth $132,185,000 after buying an additional 2,065,264 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Deutsche Bank by 5.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,979,508 shares of the bank’s stock valued at $48,733,000 after purchasing an additional 326,350 shares during the period. 19.34% of the stock is currently owned by institutional investors.
Deutsche Bank Company Profile
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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