Deutsche Bank Aktiengesellschaft (NYSE:DB) Sets New 12-Month High - Should You Buy?

Key Points

• Deutsche Bank's shares reached a new 52-week high of $34.69 during trading, closing at $34.54 with a trading volume of 602,350 shares.
• Analyst ratings are mixed, with one analyst giving a sell rating, three giving a hold, four a buy, and one a strong buy, resulting in a consensus rating of "Moderate Buy."
• The bank reported a missed earnings expectation for the last quarter, posting $0.54 EPS against a consensus estimate of $0.78, but exceeded revenue expectations with $9.21 billion.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The stock traded as high as $34.69 and last traded at $34.54, with a volume of 602350 shares trading hands. The stock had previously closed at $33.78.

Analyst Ratings Changes

Several research firms have recently weighed in on DB. Kepler Capital Markets cut shares of Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 28th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 28th. Cfra Research upgraded Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, April 30th. Bank of America initiated coverage on Deutsche Bank Aktiengesellschaft in a report on Tuesday, June 10th. They set a "buy" rating for the company. Finally, Citigroup reissued a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, July 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Trading Up 1.3%

The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.39. The business has a 50-day simple moving average of $29.94 and a 200-day simple moving average of $25.62. The company has a market cap of $71.86 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 0.42 and a beta of 1.02.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The bank reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.24). Deutsche Bank Aktiengesellschaft had a net margin of 7.67% and a return on equity of 6.01%. The firm had revenue of $9.21 billion during the quarter, compared to analysts' expectations of $7.80 billion. On average, analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC lifted its holdings in Deutsche Bank Aktiengesellschaft by 68.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 23,763 shares of the bank's stock worth $567,000 after buying an additional 9,684 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Deutsche Bank Aktiengesellschaft by 6.3% in the first quarter. Sequoia Financial Advisors LLC now owns 15,089 shares of the bank's stock valued at $360,000 after acquiring an additional 900 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in shares of Deutsche Bank Aktiengesellschaft in the first quarter valued at $2,308,000. Oppenheimer & Co. Inc. boosted its holdings in Deutsche Bank Aktiengesellschaft by 45.3% in the first quarter. Oppenheimer & Co. Inc. now owns 94,531 shares of the bank's stock valued at $2,253,000 after purchasing an additional 29,451 shares during the period. Finally, Janney Montgomery Scott LLC grew its stake in Deutsche Bank Aktiengesellschaft by 26.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 65,901 shares of the bank's stock worth $1,570,000 after purchasing an additional 13,615 shares in the last quarter. Hedge funds and other institutional investors own 27.90% of the company's stock.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, and asset management products and services to private individuals, corporate entities, and institutional clients in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.