Deutsche Bank Aktiengesellschaft (NYSE:DB) Hits New 52-Week High – What’s Next?

Deutsche Bank Aktiengesellschaft (NYSE:DB)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $40.65 and last traded at $40.4970, with a volume of 627406 shares trading hands. The stock had previously closed at $39.04.

Analysts Set New Price Targets

A number of analysts have issued reports on DB shares. Oddo Bhf raised Deutsche Bank Aktiengesellschaft to an “outperform” rating in a report on Friday, May 8th. Zacks Research downgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 29th. Keefe, Bruyette & Woods upgraded Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research note on Thursday, July 9th. Bank of America set a $43.00 price target on Deutsche Bank Aktiengesellschaft in a report on Tuesday, July 7th. Finally, Wall Street Zen lowered shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $43.00.

Deutsche Bank Aktiengesellschaft Stock Performance

The stock has a market cap of $78.35 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 0.54 and a beta of 0.94. The stock has a fifty day moving average of $36.25 and a 200-day moving average of $33.79. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.35.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings data on Thursday, July 30th. The bank reported $0.66 EPS 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 company had revenue of $9.68 billion for the quarter, compared to analysts’ expectations of $9.30 billion. On average, equities analysts forecast that Deutsche Bank Aktiengesellschaft will post 3.88 EPS for the current year.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

Several hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new position in Deutsche Bank Aktiengesellschaft in the 4th quarter valued at $532,397,000. Bank of America Corp DE raised its position in Deutsche Bank Aktiengesellschaft by 83.1% during the 1st quarter. Bank of America Corp DE now owns 21,420,171 shares of the bank’s stock worth $637,893,000 after buying an additional 9,719,181 shares during the last quarter. Amundi lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 22.0% in the 3rd quarter. Amundi now owns 49,597,003 shares of the bank’s stock worth $1,732,919,000 after acquiring an additional 8,932,484 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 2,731.8% in the fourth quarter. AQR Capital Management LLC now owns 7,969,257 shares of the bank’s stock valued at $309,477,000 after acquiring an additional 7,687,841 shares in the last quarter. Finally, Credit Agricole S A purchased a new stake in shares of Deutsche Bank Aktiengesellschaft in the third quarter valued at about $237,336,000. 27.90% of the stock is owned by institutional investors and hedge funds.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft is a global banking and financial services company headquartered in Frankfurt, Germany. Founded in 1870 to support German foreign trade, the firm has grown into a full-service bank offering a wide range of banking, advisory and transaction services to corporate, institutional, and private clients. Over its history the bank has expanded internationally and developed capabilities across capital markets, investment banking, retail and commercial banking, and wealth management.

The bank’s core business activities include corporate and investment banking—covering financing, advisory, sales and trading, and capital markets services—along with private & commercial banking for individual and small-to-medium enterprise clients.