Deutsche Bank Aktiengesellschaft (NYSE:DB) Rating Increased to Hold at Zacks Research

Deutsche Bank Aktiengesellschaft (NYSE:DB) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

Several other brokerages have also weighed in on DB. Royal Bank Of Canada restated an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, July 30th. Keefe, Bruyette & Woods upgraded shares of Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research report on Thursday, July 9th. Bank of America set a $43.00 price target on Deutsche Bank Aktiengesellschaft in a research note on Tuesday, July 7th. Wall Street Zen cut Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $43.00.

Deutsche Bank Aktiengesellschaft Stock Up 0.8%

NYSE:DB opened at $40.38 on Thursday. The company has a market cap of $78.34 billion, a price-to-earnings ratio of 10.77, a P/E/G ratio of 0.56 and a beta of 0.94. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.72 and a current ratio of 0.72. The stock’s fifty day moving average price is $36.56 and its two-hundred day moving average price is $33.88. Deutsche Bank Aktiengesellschaft has a 52-week low of $28.12 and a 52-week high of $40.69.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its earnings results on Thursday, July 30th. The bank reported $0.66 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.25). The firm had revenue of $9.68 billion during the quarter, compared to analyst estimates of $9.30 billion. Deutsche Bank Aktiengesellschaft had a net margin of 11.53% and a return on equity of 8.46%. On average, analysts anticipate that Deutsche Bank Aktiengesellschaft will post 3.88 EPS for the current year.

Institutional Trading of Deutsche Bank Aktiengesellschaft

A number of institutional investors have recently modified their holdings of DB. Norges Bank bought a new position in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter worth about $532,397,000. Bank of America Corp DE boosted its position in Deutsche Bank Aktiengesellschaft by 83.1% during the 1st quarter. Bank of America Corp DE now owns 21,420,171 shares of the bank’s stock worth $637,893,000 after acquiring an additional 9,719,181 shares during the last quarter. Amundi grew its stake in shares of Deutsche Bank Aktiengesellschaft by 22.0% during the 3rd quarter. Amundi now owns 49,597,003 shares of the bank’s stock worth $1,732,919,000 after acquiring an additional 8,932,484 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 2,731.8% in the fourth quarter. AQR Capital Management LLC now owns 7,969,257 shares of the bank’s stock valued at $309,477,000 after purchasing an additional 7,687,841 shares during the last quarter. Finally, Credit Agricole S A bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the third quarter worth $237,336,000. 27.90% of the stock is currently owned by institutional investors.

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.