Danske Bank (OTCMKTS:DNKEY) Stock Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Danske Bank holds a “Moderate Buy” consensus rating from seven covering brokerages, with four analysts recommending a buy and three assigning a hold rating.
• Recent analyst views remain mixed but generally positive: Deutsche Bank, Morgan Stanley and Citigroup maintained bullish ratings, while Goldman Sachs stayed neutral and Zacks Research downgraded the stock to hold.
• Danske Bank beat quarterly expectations, reporting $0.59 in earnings per share versus a $0.56 consensus estimate and $2.32 billion in revenue versus $2.24 billion expected.

Shares of Danske Bank (OTCMKTS:DNKEY - Get Free Report) have earned an average rating of "Moderate Buy" from the seven brokerages that are currently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company.

Several research analysts have recently commented on DNKEY shares. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Danske Bank in a research note on Wednesday, September 16th. The Goldman Sachs Group reiterated a "neutral" rating on shares of Danske Bank in a report on Monday, July 20th. Morgan Stanley reissued an "overweight" rating on shares of Danske Bank in a research report on Tuesday, September 1st. Zacks Research lowered Danske Bank from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 25th. Finally, Citigroup reiterated a "buy" rating on shares of Danske Bank in a research note on Monday, July 6th.

Danske Bank Price Performance

DNKEY opened at $27.79 on Monday. The stock's 50-day moving average price is $28.80 and its 200 day moving average price is $27.05. Danske Bank has a 12-month low of $20.85 and a 12-month high of $29.65. The firm has a market cap of $45.34 billion, a price-to-earnings ratio of 12.30 and a beta of 0.63. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 8.09.

Danske Bank (OTCMKTS:DNKEY - Get Free Report) last released its earnings results on Friday, July 17th. The financial services provider reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.03. The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.24 billion. Danske Bank had a return on equity of 13.80% and a net margin of 40.85%. As a group, sell-side analysts expect that Danske Bank will post 2.31 earnings per share for the current year.

About Danske Bank

Danske Bank A/S is a Denmark-based financial services group headquartered in Copenhagen. Founded in 1871, it is one of the largest banking institutions in the Nordic region and provides services to personal, business, corporate, institutional and public-sector customers.

The bank offers a broad range of financial products, including deposit and lending services, mortgages, payment solutions, cards, investment and wealth management, corporate finance, cash management and other capital-markets services.

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