Deutsche Bank Aktiengesellschaft's (DB) "Buy (B)" Rating Reiterated at Weiss Ratings

Key Points

• Deutsche Bank Aktiengesellschaft's stock received a reaffirmed "Buy (B)" rating from Weiss Ratings, indicating a positive outlook despite mixed opinions from other analysts.
• The company reported quarterly earnings of $0.54 per share, missing the consensus estimate of $0.78, but its revenue of $9.21 billion surpassed analyst predictions.
• Share trading saw a 1.6% increase, reaching $35.34, with recent institutional activity reflecting growing interest in the bank's stock.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report)'s stock had its "buy (b)" rating reiterated by equities researchers at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Several other research analysts also recently commented on the stock. Zacks Research downgraded shares of Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. The Goldman Sachs Group cut shares of Deutsche Bank Aktiengesellschaft from a "buy" rating to a "neutral" rating in a report on Tuesday, August 26th. Royal Bank Of Canada restated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 28th. Bank of America assumed coverage on shares of Deutsche Bank Aktiengesellschaft in a research note on Tuesday, June 10th. They issued a "buy" rating for the company. Finally, Citigroup reaffirmed a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, July 25th. Five 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. According to MarketBeat, the company currently has a consensus rating of "Hold".

Deutsche Bank Aktiengesellschaft Trading Up 1.6%

Shares of NYSE:DB traded up $0.56 during midday trading on Wednesday, reaching $35.34. The company's stock had a trading volume of 1,808,578 shares, compared to its average volume of 2,247,505. The firm has a 50 day moving average price of $35.71 and a two-hundred day moving average price of $30.09. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $16.02 and a fifty-two week high of $37.86. The firm has a market capitalization of $70.40 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 0.43 and a beta of 0.98. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.79 and a current ratio of 0.79.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Opal Wealth Advisors LLC purchased a new position in shares of Deutsche Bank Aktiengesellschaft in the 2nd quarter worth approximately $25,000. Farther Finance Advisors LLC grew its position in shares of Deutsche Bank Aktiengesellschaft by 96.5% in the 1st 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 last quarter. Zions Bancorporation National Association UT purchased a new position in shares of Deutsche Bank Aktiengesellschaft in the 1st quarter worth approximately $39,000. Geneos Wealth Management Inc. grew its position in shares of Deutsche Bank Aktiengesellschaft by 178.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank's stock worth $40,000 after buying an additional 881 shares during the last quarter. Finally, MAI Capital Management grew its position in Deutsche Bank Aktiengesellschaft by 385.1% during the 2nd quarter. MAI Capital Management now owns 1,824 shares of the bank's stock worth $53,000 after purchasing an additional 1,448 shares during the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.