Deutsche Bank Aktiengesellschaft (NYSE:DB) Downgraded by Wall Street Zen to Hold

Key Points

• Deutsche Bank Aktiengesellschaft's rating was downgraded from "buy" to "hold" by analysts at Wall Street Zen, reflecting a cautious outlook.
• Despite the downgrade, the bank has a consensus rating of "Moderate Buy", with varying opinions among analysts including one sell rating, two holds, and four buy ratings.
• Deutsche Bank reported $0.54 EPS for the latest quarter, missing estimates, but exceeded revenue expectations with $9.21 billion in revenue.

Wall Street Zen downgraded shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) from a buy rating to a hold rating in a research report report published on Saturday morning.

DB has been the topic of a number of other research reports. Citigroup reiterated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday. Cfra Research upgraded shares of Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, April 30th. Finally, Bank of America started coverage on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday, June 10th. They set a "buy" rating on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Deutsche Bank Aktiengesellschaft presently has a consensus rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Price Performance

Shares of NYSE DB traded down $0.28 during mid-day trading on Friday, reaching $33.46. The company had a trading volume of 3,086,669 shares, compared to its average volume of 2,642,042. Deutsche Bank Aktiengesellschaft has a one year low of $13.70 and a one year high of $34.14. The business's 50-day simple moving average is $28.93 and its 200 day simple moving average is $24.72. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market cap of $66.64 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 0.43 and a beta of 0.97.

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

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 4.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 10,033 shares of the bank's stock worth $294,000 after acquiring an additional 450 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 11.0% in the second quarter. Sequoia Financial Advisors LLC now owns 16,754 shares of the bank's stock worth $491,000 after acquiring an additional 1,665 shares during the period. Yousif Capital Management LLC lifted its stake in Deutsche Bank Aktiengesellschaft by 7.4% in the second quarter. Yousif Capital Management LLC now owns 33,251 shares of the bank's stock valued at $974,000 after buying an additional 2,300 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in Deutsche Bank Aktiengesellschaft by 11.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 177,433 shares of the bank's stock valued at $5,195,000 after buying an additional 17,636 shares during the period. Finally, PDS Planning Inc acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the 2nd quarter worth approximately $221,000. 27.90% of the stock is owned by institutional investors and hedge funds.

About Deutsche Bank Aktiengesellschaft

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.