Deutsche Bank Aktiengesellschaft (NYSE:DB) Stock Has Consensus Price Target of $43.00

Deutsche Bank Aktiengesellschaft (NYSE:DB) has been given an average rating of “Moderate Buy” by the sixteen analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $43.00.

Several brokerages have commented on DB. Zacks Research downgraded shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 13th. UBS Group reiterated a “buy” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, July 30th. Morgan Stanley reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, September 2nd. DZ Bank restated a “buy” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, July 29th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Sunday, October 4th.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

A number of large investors have recently added to or reduced their stakes in the company. Signaturefd LLC raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 7.3% in the third quarter. Signaturefd LLC now owns 48,756 shares of the bank’s stock valued at $1,750,000 after purchasing an additional 3,317 shares during the last quarter. Evergreen Capital Management LLC boosted its holdings in Deutsche Bank Aktiengesellschaft by 11.0% during the third quarter. Evergreen Capital Management LLC now owns 36,118 shares of the bank’s stock worth $1,296,000 after purchasing an additional 3,591 shares during the last quarter. Five Oceans Advisors acquired a new position in Deutsche Bank Aktiengesellschaft during the third quarter worth $288,000. NBT Bank N.A. bought a new position in Deutsche Bank Aktiengesellschaft in the third quarter valued at $359,000. Finally, Root Financial Partners LLC bought a new position in Deutsche Bank Aktiengesellschaft in the third quarter valued at $60,000. Institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Trading Down 0.8%

NYSE DB opened at $31.23 on Friday. The firm has a market cap of $60.59 billion, a P/E ratio of 8.33, a P/E/G ratio of 0.48 and a beta of 1.00. 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 stock’s 50-day moving average is $36.89 and its 200-day moving average is $34.96. Deutsche Bank Aktiengesellschaft has a one year low of $28.12 and a one year high of $41.62.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings data on Thursday, July 30th. The bank reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.25). Deutsche Bank Aktiengesellschaft had a net margin of 11.53% and a return on equity of 8.46%. The business had revenue of $9.68 billion for the quarter, compared to the consensus estimate of $9.30 billion. Sell-side analysts anticipate that Deutsche Bank Aktiengesellschaft will post 3.82 earnings per share for the current fiscal year.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft is a Germany-based global financial services company headquartered in Frankfurt. Founded in 1870 in Berlin, the bank provides banking and financial services to corporate, institutional, private and retail clients in Germany and international markets.

Its principal businesses include Corporate Bank, which offers transaction banking, cash management, trade finance and lending services; Investment Bank, which provides advisory, underwriting, securities trading and capital markets services; and Private Bank, which serves individuals, affluent clients and small and medium-sized businesses through retail and wealth management offerings.