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

Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) 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 analysts have recently issued reports on DB shares. Royal Bank Of Canada restated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, March 24th. Bank of America assumed coverage on Deutsche Bank Aktiengesellschaft in a research note on Tuesday, June 10th. They issued a "buy" rating for the company. Cfra Research raised shares of Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, April 30th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, March 7th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Deutsche Bank Aktiengesellschaft presently has an average rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Stock Up 5.4%

The firm's 50-day moving average price is $26.95 and its 200 day moving average price is $22.64. The company has a market capitalization of $58.36 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 0.35 and a beta of 0.98. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.39.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The bank reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.19. Deutsche Bank Aktiengesellschaft had a net margin of 5.76% and a return on equity of 4.61%. The business had revenue of $8.97 billion during the quarter, compared to analyst estimates of $7.95 billion. On average, sell-side analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

Hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in Deutsche Bank Aktiengesellschaft by 96.5% during the 1st quarter. Farther Finance Advisors LLC now owns 1,629 shares of the bank's stock valued at $39,000 after purchasing an additional 800 shares during the last quarter. Zions Bancorporation National Association UT purchased a new position in Deutsche Bank Aktiengesellschaft during the 1st quarter worth $39,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Deutsche Bank Aktiengesellschaft by 21.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,412 shares of the bank's stock worth $57,000 after acquiring an additional 424 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Deutsche Bank Aktiengesellschaft by 1,270.5% during the fourth quarter. Jones Financial Companies Lllp now owns 4,043 shares of the bank's stock valued at $69,000 after purchasing an additional 3,748 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC grew its position in Deutsche Bank Aktiengesellschaft by 28,293.3% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,259 shares of the bank's stock worth $101,000 after purchasing an additional 4,244 shares in the last quarter. 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.

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