Deutsche Bank Aktiengesellschaft (NYSE:DB) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) from a hold rating to a buy rating in a report published on Saturday morning.

A number of other equities research analysts also recently weighed in on DB. Oddo Bhf raised shares of Deutsche Bank Aktiengesellschaft to an “outperform” rating in a research note on Friday, May 8th. Barclays cut shares of Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a report on Monday, April 20th. Weiss Ratings cut shares of Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Finally, Citigroup upgraded shares of Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a report on Thursday, April 9th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Performance

Deutsche Bank Aktiengesellschaft stock opened at $30.92 on Friday. Deutsche Bank Aktiengesellschaft has a 1-year low of $27.13 and a 1-year high of $40.43. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $59.98 billion, a PE ratio of 8.52, a price-to-earnings-growth ratio of 0.41 and a beta of 0.94. The firm’s 50 day simple moving average is $31.05 and its 200 day simple moving average is $35.03.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its earnings results on Wednesday, April 29th. The bank reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.09. Deutsche Bank Aktiengesellschaft had a net margin of 10.43% and a return on equity of 7.69%. The business had revenue of $10.04 billion for the quarter, compared to analysts’ expectations of $9.85 billion. As a group, analysts expect that Deutsche Bank Aktiengesellschaft will post 4.01 earnings per share for the current fiscal year.

Institutional Trading of Deutsche Bank Aktiengesellschaft

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Deutsche Bank Aktiengesellschaft by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 80,119,806 shares of the bank’s stock worth $3,087,737,000 after purchasing an additional 1,051,072 shares during the last quarter. Amundi grew its stake in shares of Deutsche Bank Aktiengesellschaft by 8.7% during the 4th quarter. Amundi now owns 53,920,096 shares of the bank’s stock valued at $2,079,159,000 after purchasing an additional 4,323,093 shares during the period. Fisher Asset Management LLC grew its stake in shares of Deutsche Bank Aktiengesellschaft by 3.7% during the 4th quarter. Fisher Asset Management LLC now owns 27,398,661 shares of the bank’s stock valued at $1,056,492,000 after purchasing an additional 966,655 shares during the period. DekaBank Deutsche Girozentrale grew its stake in shares of Deutsche Bank Aktiengesellschaft by 5.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 18,743,906 shares of the bank’s stock valued at $600,821,000 after acquiring an additional 957,307 shares during the period. Finally, Legal & General Group Plc grew its stake in shares of Deutsche Bank Aktiengesellschaft by 2.3% during the 4th quarter. Legal & General Group Plc now owns 14,664,607 shares of the bank’s stock valued at $570,302,000 after acquiring an additional 332,004 shares during the period. Institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft is a global banking and financial services company headquartered in Frankfurt, Germany. Founded in 1870 to support German foreign trade, the firm has grown into a full-service bank offering a wide range of banking, advisory and transaction services to corporate, institutional, and private clients. Over its history the bank has expanded internationally and developed capabilities across capital markets, investment banking, retail and commercial banking, and wealth management.

The bank’s core business activities include corporate and investment banking—covering financing, advisory, sales and trading, and capital markets services—along with private & commercial banking for individual and small-to-medium enterprise clients.