Deutsche Bank (NYSE:DB) has been assigned an average rating of “Hold” from the fifteen brokerages that are presently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $18.20.
Several research analysts have recently commented on the company. DZ Bank reiterated a “buy” rating on shares of Deutsche Bank in a report on Thursday. ValuEngine downgraded Deutsche Bank from a “hold” rating to a “sell” rating in a report on Friday, May 4th. Zacks Investment Research downgraded Deutsche Bank from a “buy” rating to a “strong sell” rating in a report on Monday, April 23rd. Finally, Bank of America upgraded Deutsche Bank from an “underperform” rating to a “neutral” rating in a report on Monday, February 19th.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allianz Asset Management GmbH increased its holdings in Deutsche Bank by 8.8% during the 1st quarter. Allianz Asset Management GmbH now owns 1,908,802 shares of the bank’s stock valued at $26,720,000 after purchasing an additional 154,157 shares during the period. CIBC World Markets Inc. increased its holdings in Deutsche Bank by 185.0% during the 1st quarter. CIBC World Markets Inc. now owns 39,424 shares of the bank’s stock valued at $551,000 after purchasing an additional 25,589 shares during the period. Millennium Management LLC purchased a new position in Deutsche Bank during the 1st quarter valued at about $1,649,000. Amundi Pioneer Asset Management Inc. increased its holdings in Deutsche Bank by 81.8% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 28,986,439 shares of the bank’s stock valued at $405,229,000 after purchasing an additional 13,043,037 shares during the period. Finally, Cubist Systematic Strategies LLC increased its holdings in Deutsche Bank by 250.5% during the 1st quarter. Cubist Systematic Strategies LLC now owns 62,635 shares of the bank’s stock valued at $876,000 after purchasing an additional 44,767 shares during the period. Hedge funds and other institutional investors own 20.37% of the company’s stock.
DB stock traded down $0.63 during mid-day trading on Monday, hitting $12.25. 575,789 shares of the stock were exchanged, compared to its average volume of 3,400,651. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.49. Deutsche Bank has a 12 month low of $12.66 and a 12 month high of $20.23. The firm has a market cap of $26.81 billion, a P/E ratio of -20.51 and a beta of 1.40.
Deutsche Bank (NYSE:DB) last issued its quarterly earnings results on Friday, March 16th. The bank reported ($1.35) earnings per share (EPS) for the quarter. Deutsche Bank had a negative return on equity of 1.80% and a negative net margin of 3.32%. The firm had revenue of $6.72 billion for the quarter. research analysts expect that Deutsche Bank will post 1.13 EPS for the current fiscal year.
Deutsche Bank Company Profile
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.
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