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

Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $30.59 and last traded at $30.53, with a volume of 921400 shares trading hands. The stock had previously closed at $29.93.

Wall Street Analyst Weigh In

DB has been the subject of a number of research reports. Cfra Research upgraded shares of Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a report on Wednesday, April 30th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, March 24th. Finally, Bank of America started coverage on shares of Deutsche Bank Aktiengesellschaft in a research report on Tuesday, June 10th. They issued a "buy" rating for the company. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Trading Up 1.4%

The stock has a market cap of $60.43 billion, a P/E ratio of 18.06, a P/E/G ratio of 0.39 and a beta of 0.97. 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 company has a 50-day moving average price of $28.52 and a two-hundred day moving average price of $24.26.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last posted 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 return on equity of 4.61% and a net margin of 5.76%. The company had revenue of $8.97 billion during the quarter, compared to analysts' expectations of $7.95 billion. On average, research analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Hedge funds and other institutional investors have recently made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new stake in Deutsche Bank Aktiengesellschaft during the second quarter worth $25,000. Farther Finance Advisors LLC boosted its position in shares of Deutsche Bank Aktiengesellschaft by 96.5% during the first quarter. Farther Finance Advisors LLC now owns 1,629 shares of the bank's stock worth $39,000 after buying an additional 800 shares during the period. Zions Bancorporation National Association UT purchased a new position in Deutsche Bank Aktiengesellschaft in the first quarter valued at $39,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Deutsche Bank Aktiengesellschaft by 21.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 2,412 shares of the bank's stock valued at $57,000 after purchasing an additional 424 shares during the period. Finally, Founders Capital Management purchased a new position in Deutsche Bank Aktiengesellschaft in the second quarter valued at $73,000. 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.

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