Deutsche Bank (NYSE:DB) Shares Gap Down to $9.00

Deutsche Bank AG (NYSE:DB)’s share price gapped down before the market opened on Monday . The stock had previously closed at $8.65, but opened at $9.00. Deutsche Bank shares last traded at $9.48, with a volume of 230,165 shares changing hands.

Several equities research analysts have recently issued reports on DB shares. Norddeutsche Landesbank reiterated a “hold” rating on shares of Deutsche Bank in a research report on Thursday, April 30th. Zacks Investment Research upgraded shares of Deutsche Bank from a “sell” rating to a “hold” rating and set a $6.00 price objective on the stock in a research report on Tuesday, March 17th. ValuEngine cut shares of Deutsche Bank from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 1st. Kepler Capital Markets reiterated a “hold” rating on shares of Deutsche Bank in a research report on Thursday, April 30th. Finally, Berenberg Bank reissued a “sell” rating on shares of Deutsche Bank in a report on Monday, April 20th. Seven analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $6.70.

The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.71 and a current ratio of 0.71. The firm’s 50 day simple moving average is $8.51 and its 200 day simple moving average is $7.98.

Deutsche Bank (NYSE:DB) last posted its quarterly earnings data on Wednesday, April 29th. The bank reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.11) by $0.13. The company had revenue of $7 billion during the quarter. Deutsche Bank had a negative net margin of 16.53% and a negative return on equity of 8.63%. As a group, equities analysts anticipate that Deutsche Bank AG will post -0.34 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Alliancebernstein L.P. boosted its stake in shares of Deutsche Bank by 18.5% during the first quarter. Alliancebernstein L.P. now owns 718,687 shares of the bank’s stock valued at $4,614,000 after purchasing an additional 112,334 shares during the period. AXA boosted its stake in shares of Deutsche Bank by 51.5% during the first quarter. AXA now owns 128,155 shares of the bank’s stock valued at $823,000 after purchasing an additional 43,555 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Deutsche Bank by 12.2% during the first quarter. Russell Investments Group Ltd. now owns 2,399,011 shares of the bank’s stock valued at $15,711,000 after purchasing an additional 261,150 shares during the period. Norges Bank purchased a new stake in shares of Deutsche Bank during the fourth quarter valued at $76,009,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in shares of Deutsche Bank during the fourth quarter valued at $1,682,000. 24.78% of the stock is owned by institutional investors.

Deutsche Bank Company Profile (NYSE:DB)

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.

Further Reading: What Factors Can Affect Return on Equity?

Receive News & Ratings for Deutsche Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deutsche Bank and related companies with MarketBeat.com's FREE daily email newsletter.