Deutsche Bank Aktiengesellschaft (NYSE:DB) Stock Rating Lowered by Zacks Research

Key Points

• Zacks Research downgraded Deutsche Bank from “hold” to “strong sell,” despite the broader analyst consensus remaining “Moderate Buy,” with 10 buy ratings, five holds and one sell rating.
• Deutsche Bank shares opened at $32.79, down 1.7%, compared with a consensus price target of $43.00. The stock trades at a price-to-earnings ratio of 8.74 and has ranged between $28.12 and $41.62 over the past year.
• The bank’s latest quarterly earnings missed estimates, reporting $0.66 in EPS versus $0.91 expected, although revenue of $9.68 billion exceeded the $9.30 billion consensus forecast. Institutional investors own 27.9% of the company, with several major investors recently increasing their stakes.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) was downgraded by analysts at Zacks Research from a "hold" rating to a "strong sell" rating in a research note issued on Tuesday, Zacks reports.

Other equities analysts also recently issued reports about the stock. UBS Group restated a "buy" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, July 30th. Weiss Ratings upgraded shares of Deutsche Bank Aktiengesellschaft from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, July 29th. Citigroup reiterated a "neutral" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 20th. Keefe, Bruyette & Woods raised shares of Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a research note on Thursday, July 9th. Finally, Bank of America set a $43.00 price objective on shares of Deutsche Bank Aktiengesellschaft in a research note on Tuesday, July 7th. Ten analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $43.00.

Deutsche Bank Aktiengesellschaft Stock Down 1.7%

Deutsche Bank Aktiengesellschaft stock opened at $32.79 on Tuesday. 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 firm has a market capitalization of $63.61 billion, a price-to-earnings ratio of 8.74, a price-to-earnings-growth ratio of 0.47 and a beta of 1.00. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $28.12 and a fifty-two week high of $41.62. The stock's fifty day moving average is $37.77 and its two-hundred day moving average is $34.87.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The bank reported $0.66 earnings per share 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 analysts' expectations of $9.30 billion. Deutsche Bank Aktiengesellschaft had a net margin of 11.53% and a return on equity of 8.46%. Analysts predict that Deutsche Bank Aktiengesellschaft will post 3.85 EPS for the current fiscal year.

Institutional Trading of Deutsche Bank Aktiengesellschaft

Large investors have recently made changes to their positions in the stock. Bank of America Corp DE lifted its position in Deutsche Bank Aktiengesellschaft by 83.1% during the first 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 period. Amundi boosted its stake in Deutsche Bank Aktiengesellschaft by 11.4% in the 1st quarter. Amundi now owns 60,059,707 shares of the bank's stock worth $1,788,578,000 after buying an additional 6,139,611 shares during the last quarter. Artemis Investment Management LLP grew its holdings in Deutsche Bank Aktiengesellschaft by 242.2% in the 3rd quarter. Artemis Investment Management LLP now owns 4,997,095 shares of the bank's stock valued at $180,435,000 after buying an additional 3,536,604 shares during the period. SEB Asset Management AB purchased a new stake in Deutsche Bank Aktiengesellschaft in the 1st quarter valued at about $52,931,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Deutsche Bank Aktiengesellschaft in the 1st quarter valued at about $42,643,000. Institutional investors and hedge funds own 27.90% of the company's stock.

About Deutsche Bank Aktiengesellschaft

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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