Deutsche Bank Aktiengesellschaft (NYSE:DB) Reaches New 12-Month High - Still a Buy?

Key Points

• Deutsche Bank Aktiengesellschaft's stock has reached a new 52-week high at $37.54, although it recently traded at $36.94 with a volume of over 2 million shares.
• Analysts have mixed ratings for the stock, with one analyst rated it as Strong Buy, while others downgraded it to "hold," resulting in a consensus of "Moderate Buy."
• The bank reported earnings per share (EPS) of $0.54 for the last quarter, missing estimates, although its revenue of $9.21 billion exceeded expectations of $7.80 billion.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $37.54 and last traded at $36.94, with a volume of 2056493 shares trading hands. The stock had previously closed at $37.15.

Wall Street Analyst Weigh In

Several research firms have issued reports on DB. Zacks Research lowered shares of Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 22nd. Wall Street Zen lowered shares of Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Royal Bank Of Canada restated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 28th. Citigroup reiterated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, July 25th. Finally, Bank of America initiated coverage on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday, June 10th. They set a "buy" rating for the company. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold".

Deutsche Bank Aktiengesellschaft Trading Down 0.5%

The company has a market capitalization of $70.05 billion, a P/E ratio of 13.37, a P/E/G ratio of 0.43 and a beta of 1.02. The stock's 50 day moving average is $32.65 and its 200-day moving average is $27.47. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.79 and a quick ratio of 0.79.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last released its quarterly 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 return on equity of 6.01% and a net margin of 7.67%.The company had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $7.80 billion. As a group, equities research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current year.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

A number of institutional investors and hedge funds have recently made changes to their positions in DB. Stifel Financial Corp lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 16.9% during the fourth quarter. Stifel Financial Corp now owns 65,935 shares of the bank's stock valued at $1,124,000 after purchasing an additional 9,514 shares during the last quarter. Tudor Investment Corp ET AL purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter valued at approximately $1,915,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 3.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 833,510 shares of the bank's stock valued at $14,434,000 after purchasing an additional 24,224 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 51.1% during the fourth quarter. Northern Trust Corp now owns 1,437,283 shares of the bank's stock valued at $24,506,000 after purchasing an additional 486,300 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 3.9% during the fourth quarter. Cetera Investment Advisers now owns 19,438 shares of the bank's stock valued at $331,000 after purchasing an additional 738 shares during the last quarter. Institutional investors own 27.90% of the company's stock.

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.