ValuEngine upgraded shares of Deutsche Bank (NYSE:DB) from a sell rating to a hold rating in a report published on Wednesday, ValuEngine reports.
DB has been the topic of several other reports. DZ Bank reiterated a neutral rating on shares of Deutsche Bank in a research note on Tuesday, March 19th. HSBC reiterated a hold rating on shares of Deutsche Bank in a research note on Tuesday, March 19th. Bank of America set a $7.00 target price on Deutsche Bank and gave the company a sell rating in a research note on Thursday, April 11th. UBS Group reiterated a hold rating on shares of Deutsche Bank in a research note on Thursday, April 4th. Finally, Royal Bank of Canada reiterated a sell rating and set a $7.50 target price on shares of Deutsche Bank in a research note on Thursday, April 25th. Nine research analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $7.55.
Deutsche Bank stock opened at $6.88 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 2.27. The company has a market capitalization of $14.43 billion, a P/E ratio of 349.00 and a beta of 1.43. Deutsche Bank has a twelve month low of $6.61 and a twelve month high of $13.17.
Deutsche Bank (NYSE:DB) last posted its quarterly earnings results on Friday, April 26th. The bank reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. The company had revenue of $7.21 billion for the quarter. Deutsche Bank had a return on equity of 0.49% and a net margin of 0.92%. On average, analysts expect that Deutsche Bank will post 0.59 EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in the company. Hudson Executive Capital LP boosted its stake in shares of Deutsche Bank by 8.8% in the 4th quarter. Hudson Executive Capital LP now owns 64,861,476 shares of the bank’s stock worth $528,624,000 after buying an additional 5,270,000 shares during the last quarter. Vanguard Group Inc boosted its stake in shares of Deutsche Bank by 2.1% in the 3rd quarter. Vanguard Group Inc now owns 54,018,722 shares of the bank’s stock worth $613,653,000 after buying an additional 1,094,899 shares during the last quarter. Norges Bank purchased a new position in shares of Deutsche Bank in the 4th quarter worth $161,774,000. DekaBank Deutsche Girozentrale boosted its stake in shares of Deutsche Bank by 12.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 17,752,113 shares of the bank’s stock worth $200,006,000 after buying an additional 1,904,859 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. boosted its stake in shares of Deutsche Bank by 14.6% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 16,219,213 shares of the bank’s stock worth $132,185,000 after buying an additional 2,065,264 shares during the last quarter. Hedge funds and other institutional investors own 19.34% of the company’s stock.
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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