Deutsche Bank Aktiengesellschaft (NYSE:DB) Reaches New 52-Week High - Should You Buy?

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as $29.25 and last traded at $29.25, with a volume of 1738604 shares trading hands. The stock had previously closed at $27.80.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DB. Morgan Stanley reiterated an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, March 7th. Cfra Research upgraded Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a report on Wednesday, April 30th. Bank of America started coverage on Deutsche Bank Aktiengesellschaft in a report on Tuesday, June 10th. They set a "buy" rating on the stock. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, March 24th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Price Performance

The stock's 50 day moving average price is $27.31 and its 200-day moving average price is $22.82. 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 stock has a market capitalization of $60.54 billion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 0.37 and a beta of 0.98.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The bank reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.19. The firm had revenue of $8.97 billion during the quarter, compared to analysts' expectations of $7.95 billion. Deutsche Bank Aktiengesellschaft had a net margin of 5.76% and a return on equity of 4.61%. As a group, equities analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Institutional Trading of Deutsche Bank Aktiengesellschaft

Several hedge funds have recently modified their holdings of DB. Callan Family Office LLC bought a new position in shares of Deutsche Bank Aktiengesellschaft during the 4th quarter worth approximately $1,320,000. Plato Investment Management Ltd increased its position in shares of Deutsche Bank Aktiengesellschaft by 53.7% during the fourth quarter. Plato Investment Management Ltd now owns 383,517 shares of the bank's stock worth $6,632,000 after purchasing an additional 133,960 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 2.9% during the 4th quarter. Bank of New York Mellon Corp now owns 3,132,515 shares of the bank's stock valued at $53,409,000 after purchasing an additional 88,606 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Deutsche Bank Aktiengesellschaft in the 4th quarter worth $6,464,000. Finally, Gemsstock Ltd. purchased a new position in Deutsche Bank Aktiengesellschaft during the 4th quarter worth $15,498,000. 27.90% of the stock is owned by hedge funds and other institutional investors.

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.