Deutsche Bank Aktiengesellschaft (NYSE:DB) Sets New 1-Year High - Should You Buy?

Key Points

• Deutsche Bank Aktiengesellschaft's stock reached a new 52-week high, trading at $36.51 during mid-day before settling at $36.19 with substantial trading volume of 2,609,190 shares.
• Analysts have mixed views on the bank's stock, with ratings ranging from "sell" to "strong buy," resulting in a consensus rating of "Moderate Buy."
• The bank's latest quarterly earnings showed a miss on the earnings per share estimate, but it reported revenue exceeding expectations at $9.21 billion.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $36.51 and last traded at $36.19, with a volume of 2609190 shares traded. The stock had previously closed at $36.30.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DB shares. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 28th. Bank of America began coverage on shares of Deutsche Bank Aktiengesellschaft in a research report on Tuesday, June 10th. They set a "buy" rating for the company. Citigroup reissued a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, July 25th. Kepler Capital Markets cut shares of Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 28th. Finally, Wall Street Zen lowered shares of Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Stock Down 0.6%

The stock has a market cap of $72.83 billion, a price-to-earnings ratio of 13.90, a P/E/G ratio of 0.45 and a beta of 1.02. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.39. The stock's 50-day moving average price is $30.97 and its 200-day moving average price is $26.35.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last released its earnings results on Thursday, July 24th. The bank reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $9.21 billion for the quarter, compared to analyst estimates of $7.80 billion. On average, sell-side analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DB. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 68.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,763 shares of the bank's stock valued at $567,000 after purchasing an additional 9,684 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in Deutsche Bank Aktiengesellschaft during the first quarter worth about $2,308,000. Sequoia Financial Advisors LLC boosted its position in Deutsche Bank Aktiengesellschaft by 6.3% during the first quarter. Sequoia Financial Advisors LLC now owns 15,089 shares of the bank's stock worth $360,000 after purchasing an additional 900 shares during the period. Oppenheimer & Co. Inc. boosted its position in shares of 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 acquiring an additional 29,451 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in shares of Deutsche Bank Aktiengesellschaft by 26.0% in the first quarter. Janney Montgomery Scott LLC now owns 65,901 shares of the bank's stock valued at $1,570,000 after acquiring an additional 13,615 shares during the period. Institutional investors and hedge funds 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.