Deutsche Bank Aktiengesellschaft (NYSE:DB) Stock Keeps Buy Rating at Warburg Research

Key Points

• Warburg Research reiterated its “buy” rating on Deutsche Bank, while other analysts largely remained positive. The stock has an overall “Moderate Buy” consensus rating and an average price target of $43.00.
• Deutsche Bank shares opened at $33.67, with a market capitalization of $65.33 billion and a P/E ratio of 8.98. The stock has traded between $28.12 and $41.62 over the past year.
• The bank’s latest quarterly results included $0.66 in EPS, below the $0.91 consensus estimate, although revenue of $9.68 billion exceeded analysts’ $9.30 billion forecast. Institutional investors own 27.90% of the company.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at Warburg Research in a research report issued on Wednesday.

Other equities research analysts also recently issued reports about the company. Royal Bank Of Canada reiterated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, July 30th. Citigroup reaffirmed a "neutral" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 20th. Weiss Ratings upgraded shares of Deutsche Bank Aktiengesellschaft from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, July 29th. Morgan Stanley restated an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, September 2nd. Finally, The Goldman Sachs Group raised shares of Deutsche Bank Aktiengesellschaft from a "neutral" rating to a "buy" rating in a report on Tuesday, September 1st. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $43.00.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of NYSE:DB opened at $33.67 on Wednesday. The business's 50-day simple moving average is $38.03 and its 200 day simple moving average is $34.75. Deutsche Bank Aktiengesellschaft has a one year low of $28.12 and a one year high of $41.62. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market cap of $65.33 billion, a P/E ratio of 8.98, a PEG ratio of 0.47 and a beta of 1.00.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The bank reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $0.91 by ($0.25). The firm had revenue of $9.68 billion during the quarter, compared to analyst estimates of $9.30 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 8.46% and a net margin of 11.53%. On average, sell-side analysts forecast that Deutsche Bank Aktiengesellschaft will post 3.89 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

A number of institutional investors and hedge funds have recently bought and sold shares of DB. GAMMA Investing LLC bought a new stake in Deutsche Bank Aktiengesellschaft during the third quarter worth approximately $29,000. Farther Finance Advisors LLC bought a new position in Deutsche Bank Aktiengesellschaft during the 3rd quarter valued at $462,000. Artemis Investment Management LLP increased its position in shares of Deutsche Bank Aktiengesellschaft by 242.2% during the 3rd quarter. Artemis Investment Management LLP now owns 4,997,095 shares of the bank's stock valued at $180,435,000 after purchasing an additional 3,536,604 shares during the period. Valeo Financial Advisors LLC grew its holdings in Deutsche Bank Aktiengesellschaft by 16.4% during the third quarter. Valeo Financial Advisors LLC now owns 11,352 shares of the bank's stock worth $407,000 after acquiring an additional 1,596 shares during the period. Finally, Byrne Asset Management LLC bought a new stake in Deutsche Bank Aktiengesellschaft in the third quarter worth about $34,000. Institutional investors own 27.90% of the company's stock.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft is a Germany-based global financial services company headquartered in Frankfurt. Founded in 1870, the bank serves corporations, institutions, governments, entrepreneurs and private clients through a broad range of banking and financial services.

Its principal business areas include Corporate Bank, Investment Bank, Private Bank and Asset Management. Services include transaction banking, lending, cash management, trade finance, investment banking, securities trading, wealth management, retail banking and asset management.

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