Deutsche Bank Aktiengesellschaft (NYSE:DB) Given Consensus Rating of “Hold” by Analysts

Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) have received a consensus rating of “Hold” from the eleven research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company.

DB has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, October 8th. The Goldman Sachs Group cut shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a report on Tuesday, August 26th. Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, November 24th. Jefferies Financial Group assumed coverage on Deutsche Bank Aktiengesellschaft in a research report on Monday, October 20th. They set a “hold” rating for the company. Finally, Zacks Research cut Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a report on Friday, August 22nd.

Deutsche Bank Aktiengesellschaft Stock Performance

NYSE:DB opened at $37.19 on Wednesday. The business’s fifty day moving average is $35.39 and its 200 day moving average is $33.43. The firm has a market cap of $74.08 billion, a price-to-earnings ratio of 13.72, a PEG ratio of 0.39 and a beta of 0.95. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.78 and a current ratio of 0.78. Deutsche Bank Aktiengesellschaft has a 52-week low of $16.60 and a 52-week high of $38.78.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its earnings results on Wednesday, October 29th. The bank reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.16. Deutsche Bank Aktiengesellschaft had a return on equity of 5.97% and a net margin of 7.99%.The business had revenue of $9.44 billion during the quarter, compared to analyst estimates of $7.75 billion. Research analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

A number of hedge funds and other institutional investors have recently bought and sold shares of DB. Cetera Investment Advisers increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 120.4% in the 1st quarter. Cetera Investment Advisers now owns 42,833 shares of the bank’s stock worth $1,021,000 after buying an additional 23,395 shares during the last quarter. LPL Financial LLC increased its stake in Deutsche Bank Aktiengesellschaft by 139.4% in the first quarter. LPL Financial LLC now owns 70,463 shares of the bank’s stock valued at $1,679,000 after acquiring an additional 41,028 shares during the last quarter. Federated Hermes Inc. raised its position in Deutsche Bank Aktiengesellschaft by 651.9% during the first quarter. Federated Hermes Inc. now owns 4,910 shares of the bank’s stock valued at $116,000 after purchasing an additional 4,257 shares in the last quarter. Natixis Advisors LLC lifted its stake in Deutsche Bank Aktiengesellschaft by 9.7% during the first quarter. Natixis Advisors LLC now owns 395,495 shares of the bank’s stock worth $9,425,000 after purchasing an additional 35,112 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 10.4% in the 1st quarter. US Bancorp DE now owns 53,714 shares of the bank’s stock worth $1,280,000 after purchasing an additional 5,076 shares in the last quarter. Hedge funds and other institutional investors own 27.90% of the company’s stock.

About Deutsche Bank Aktiengesellschaft

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.