Deutsche Bank Aktiengesellschaft (NYSE:DB) Receives Average Recommendation of “Moderate Buy” from Analysts

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

Several equities analysts have recently issued reports on DB shares. Barclays reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, February 3rd. Wall Street Zen upgraded shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Wednesday, February 5th. Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, March 7th. Cfra Research raised shares of Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, April 30th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, March 24th.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

Several large investors have recently bought and sold shares of DB. Capital International Investors grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 9.4% in the 4th quarter. Capital International Investors now owns 87,660,818 shares of the bank’s stock valued at $1,510,097,000 after buying an additional 7,558,488 shares during the period. Vanguard Group Inc. lifted its holdings in Deutsche Bank Aktiengesellschaft by 0.5% during the first quarter. Vanguard Group Inc. now owns 79,404,821 shares of the bank’s stock worth $1,892,773,000 after acquiring an additional 370,319 shares in the last quarter. Deutsche Bank AG grew its stake in Deutsche Bank Aktiengesellschaft by 10.0% in the first quarter. Deutsche Bank AG now owns 47,662,928 shares of the bank’s stock valued at $1,135,808,000 after acquiring an additional 4,322,086 shares during the period. Norges Bank bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the fourth quarter worth about $773,016,000. Finally, Amundi raised its position in shares of Deutsche Bank Aktiengesellschaft by 23.6% during the fourth quarter. Amundi now owns 39,176,325 shares of the bank’s stock worth $678,926,000 after purchasing an additional 7,484,594 shares during the period. Institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Trading Down 4.3%

Shares of NYSE DB opened at $27.24 on Friday. Deutsche Bank Aktiengesellschaft has a 1-year low of $13.70 and a 1-year high of $29.07. The company has a 50-day moving average of $24.92 and a two-hundred day moving average of $20.99. The company has a market cap of $54.26 billion, a PE ratio of 19.60 and a beta of 1.00. The company has a current ratio of 0.74, a quick ratio of 0.78 and a debt-to-equity ratio of 1.45.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings data on Tuesday, April 29th. The bank reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.19. The firm had revenue of $8.97 billion during the quarter, compared to analysts’ expectations of $7.95 billion. Deutsche Bank Aktiengesellschaft had a net margin of 4.66% and a return on equity of 3.90%. As a group, equities analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

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.