Erste Group Bank Has Negative Opinion of DB FY2027 Earnings

Key Points

• Erste Group Bank lowered Deutsche Bank’s FY2027 EPS forecast to $4.30 from $4.45, though the revised estimate remains above the consensus forecast of $3.89.
• Analyst sentiment remains positive, with 10 Buy ratings and six Hold ratings; the stock carries a “Moderate Buy” consensus rating and a $43.00 average price target.
• Deutsche Bank’s latest quarterly earnings missed expectations, reporting $0.66 per share versus the $0.91 consensus, despite revenue of $9.68 billion exceeding estimates.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) - Equities research analysts at Erste Group Bank decreased their FY2027 EPS estimates for Deutsche Bank Aktiengesellschaft in a research note issued on Thursday, October 8th. Erste Group Bank analyst S. Lingnau now anticipates that the bank will post earnings of $4.30 per share for the year, down from their previous forecast of $4.45. The consensus estimate for Deutsche Bank Aktiengesellschaft's current full-year earnings is $3.89 per share.

Several other research analysts also recently weighed in on DB. Warburg Research reaffirmed a "buy" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, October 7th. DZ Bank reissued a "buy" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, July 29th. Bank of America set a $43.00 price target on Deutsche Bank Aktiengesellschaft in a report on Tuesday, July 7th. Keefe, Bruyette & Woods raised Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a report on Thursday, July 9th. Finally, The Goldman Sachs Group upgraded shares of Deutsche Bank Aktiengesellschaft from a "neutral" rating to a "buy" rating in a research report on Tuesday, September 1st. Ten research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $43.00.

Deutsche Bank Aktiengesellschaft Stock Down 0.0%

Shares of DB stock opened at $33.67 on Tuesday. The company has a market capitalization of $65.33 billion, a price-to-earnings ratio of 8.98, a PEG ratio of 0.47 and a beta of 1.00. Deutsche Bank Aktiengesellschaft has a one year low of $28.12 and a one year high of $41.62. The company's fifty day moving average price is $37.96 and its 200-day moving average price is $34.82. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.72 and a quick ratio of 0.72.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The bank reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.91 by ($0.25). The firm had revenue of $9.68 billion during the quarter, compared to the consensus estimate of $9.30 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 8.46% and a net margin of 11.53%.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

Hedge funds have recently made changes to their positions in the company. Amundi raised its position in shares of Deutsche Bank Aktiengesellschaft by 11.4% during the 1st quarter. Amundi now owns 60,059,707 shares of the bank's stock valued at $1,788,578,000 after buying an additional 6,139,611 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 83.1% in the 1st quarter. Bank of America Corp DE now owns 21,420,171 shares of the bank's stock valued at $637,893,000 after acquiring an additional 9,719,181 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 5.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 18,743,906 shares of the bank's stock valued at $600,821,000 after acquiring an additional 957,307 shares during the last quarter. Artemis Investment Management LLP grew its position in Deutsche Bank Aktiengesellschaft by 242.2% in the third quarter. Artemis Investment Management LLP now owns 4,997,095 shares of the bank's stock worth $180,435,000 after acquiring an additional 3,536,604 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI grew its position in Deutsche Bank Aktiengesellschaft by 43.6% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 4,678,583 shares of the bank's stock worth $139,328,000 after acquiring an additional 1,419,788 shares in the last quarter. 27.90% of the stock is currently owned by hedge funds and other institutional investors.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft is a Germany-based global financial services company headquartered in Frankfurt. Founded in 1870, the bank serves corporations, institutions, governments, entrepreneurs and private clients through a broad range of banking and financial services.

Its principal business areas include Corporate Bank, Investment Bank, Private Bank and Asset Management. Services include transaction banking, lending, cash management, trade finance, investment banking, securities trading, wealth management, retail banking and asset management.

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