Deutsche Bank Aktiengesellschaft (NYSE:DB) Given Consensus Recommendation of “Moderate Buy” by Analysts

Deutsche Bank Aktiengesellschaft (NYSE:DB) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company.

DB has been the subject of a number of recent analyst reports. Cfra Research raised Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, April 30th. Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, March 7th. The Goldman Sachs Group upgraded shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research note on Thursday, January 30th. Royal Bank of Canada reissued an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, March 24th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd.

Deutsche Bank Aktiengesellschaft Stock Up 0.1%

DB opened at $28.49 on Friday. The company has a market capitalization of $56.75 billion, a PE ratio of 20.50 and a beta of 1.00. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.74 and a quick ratio of 0.78. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $13.70 and a fifty-two week high of $29.07. The business has a 50-day moving average of $24.78 and a 200-day moving average of $20.84.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its quarterly earnings data on Tuesday, April 29th. The bank reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.19. The firm had revenue of $8.97 billion for the quarter, compared to analyst estimates of $7.95 billion. Deutsche Bank Aktiengesellschaft had a net margin of 4.66% and a return on equity of 3.90%. Equities research analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

Several hedge funds have recently made changes to their positions in DB. Callan Family Office LLC acquired a new position in Deutsche Bank Aktiengesellschaft in the 4th quarter valued at approximately $1,320,000. Plato Investment Management Ltd raised its stake in shares of Deutsche Bank Aktiengesellschaft by 53.7% in the fourth quarter. Plato Investment Management Ltd now owns 383,517 shares of the bank’s stock valued at $6,632,000 after purchasing an additional 133,960 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Deutsche Bank Aktiengesellschaft by 2.9% in the fourth quarter. Bank of New York Mellon Corp now owns 3,132,515 shares of the bank’s stock worth $53,409,000 after purchasing an additional 88,606 shares during the period. Ritholtz Wealth Management boosted its stake in Deutsche Bank Aktiengesellschaft by 10.9% during the fourth quarter. Ritholtz Wealth Management now owns 162,545 shares of the bank’s stock worth $2,771,000 after buying an additional 15,917 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Deutsche Bank Aktiengesellschaft in the 4th quarter valued at $6,464,000. Institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, and asset management products and services to private individuals, corporate entities, and institutional clients in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.