Deutsche Bank Aktiengesellschaft’s (DB) “Buy” Rating Reiterated at Warburg Research

Warburg Research reaffirmed their buy rating on shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) in a research report released on Wednesday morning.

Several other analysts have also recently issued reports on the company. Royal Bank Of Canada reissued an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, July 30th. Zacks Research upgraded shares of Deutsche Bank Aktiengesellschaft from a “strong sell” rating to a “hold” rating in a report on Thursday, August 27th. Bank of America set a $43.00 target price on shares of Deutsche Bank Aktiengesellschaft in a research note on Tuesday, July 7th. The Goldman Sachs Group upgraded shares of Deutsche Bank Aktiengesellschaft from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 1st. Finally, Citigroup reiterated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 20th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $43.00.

Deutsche Bank Aktiengesellschaft Trading Up 0.1%

NYSE:DB opened at $33.67 on Wednesday. Deutsche Bank Aktiengesellschaft has a one year low of $28.12 and a one year high of $41.62. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a 50-day moving average of $38.03 and a 200-day moving average of $34.75. The company has a market cap of $65.33 billion, a PE ratio of 8.98, a PEG ratio of 0.47 and a beta of 1.00.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings data on Thursday, July 30th. The bank reported $0.66 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.25). Deutsche Bank Aktiengesellschaft had a return on equity of 8.46% and a net margin of 11.53%. The company had revenue of $9.68 billion during the quarter, compared to the consensus estimate of $9.30 billion. As a group, equities research analysts expect that Deutsche Bank Aktiengesellschaft will post 3.89 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Lazard Asset Management LLC increased its position in shares of Deutsche Bank Aktiengesellschaft by 23.6% during the first quarter. Lazard Asset Management LLC now owns 2,148,045 shares of the bank’s stock worth $62,346,000 after acquiring an additional 410,173 shares during the period. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 43.6% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 4,678,583 shares of the bank’s stock valued at $139,328,000 after purchasing an additional 1,419,788 shares in the last quarter. SEB Asset Management AB purchased a new position in Deutsche Bank Aktiengesellschaft during the first quarter valued at approximately $52,931,000. Plato Investment Management Ltd bought a new stake in Deutsche Bank Aktiengesellschaft during the second quarter valued at about $1,244,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the 2nd quarter valued at about $34,608,000. Institutional investors own 27.90% of the company’s stock.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft is a Germany-based global financial services company headquartered in Frankfurt. Founded in 1870, the bank serves corporations, institutions, governments, entrepreneurs and private clients through a broad range of banking and financial services.

Its principal business areas include Corporate Bank, Investment Bank, Private Bank and Asset Management. Services include transaction banking, lending, cash management, trade finance, investment banking, securities trading, wealth management, retail banking and asset management.