Deutsche Bank Aktiengesellschaft (NYSE:DB) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Deutsche Bank has a “Moderate Buy” consensus rating from ten analysts, split evenly between buy and hold recommendations. The average 12-month price target is $43.00, compared with shares trading at $36.06.
• Institutional investors own 27.9% of the company, with major holders including Amundi, Bank of America, DekaBank and Norges Bank increasing or initiating positions.
• The bank’s latest quarterly results were mixed: earnings of $0.66 per share missed the $0.91 consensus estimate, while revenue of $9.68 billion exceeded expectations of $9.30 billion.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the ten ratings firms that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $43.00.

Several equities analysts recently commented on the stock. Morgan Stanley reissued an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, September 2nd. Keefe, Bruyette & Woods raised Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a report on Thursday, July 9th. Citigroup restated a "neutral" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 20th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, July 30th. Finally, Wall Street Zen lowered Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research note on Saturday, June 6th.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Several large investors have recently modified their holdings of the business. Amundi lifted its holdings in Deutsche Bank Aktiengesellschaft by 11.4% during 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 period. Bank of America Corp DE increased its stake in shares of Deutsche Bank Aktiengesellschaft by 83.1% in the first quarter. Bank of America Corp DE now owns 21,420,171 shares of the bank's stock valued at $637,893,000 after buying an additional 9,719,181 shares during the period. DekaBank Deutsche Girozentrale raised its position in shares of Deutsche Bank Aktiengesellschaft by 5.4% during the first quarter. DekaBank Deutsche Girozentrale now owns 18,743,906 shares of the bank's stock worth $600,821,000 after acquiring an additional 957,307 shares during the last quarter. Norges Bank acquired a new position in shares of Deutsche Bank Aktiengesellschaft in the fourth quarter worth approximately $532,397,000. Finally, Commerzbank Aktiengesellschaft FI boosted its holdings in Deutsche Bank Aktiengesellschaft by 43.6% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 4,678,583 shares of the bank's stock valued at $139,328,000 after acquiring an additional 1,419,788 shares during the last quarter. Institutional investors own 27.90% of the company's stock.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of NYSE DB opened at $36.06 on Tuesday. The business has a fifty day moving average price of $38.16 and a two-hundred day moving average price of $34.46. The stock has a market capitalization of $69.96 billion, a PE ratio of 9.62, a P/E/G ratio of 0.50 and a beta of 0.96. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.72 and a quick ratio of 0.72. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $28.12 and a fifty-two week high of $41.62.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The bank reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $0.91 by ($0.25). The company had revenue of $9.68 billion during the quarter, compared to the consensus estimate of $9.30 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 8.46% and a net margin of 11.53%. As a group, equities analysts predict that Deutsche Bank Aktiengesellschaft will post 3.93 earnings per share for the current fiscal year.

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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