Deutsche Bank Aktiengesellschaft (NYSE:DB) Share Price Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• Deutsche Bank shares rose above their 200-day moving average, reaching $35.45 compared with the $34.69 average, though they remained below the 50-day average of $38.19.
• Analyst sentiment has improved, with recent upgrades from Goldman Sachs and other firms; the stock has a consensus rating of “Moderate Buy” and an average price target of $43.00.
• The bank exceeded revenue expectations in its latest quarter but missed on earnings, reporting $0.66 per share versus the $0.91 consensus estimate. Institutional investors owned 27.9% of the stock and several major funds increased their stakes.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $34.69 and traded as high as $35.45. Deutsche Bank Aktiengesellschaft shares last traded at $35.1460, with a volume of 1,519,601 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Weiss Ratings raised Deutsche Bank Aktiengesellschaft from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, July 29th. Keefe, Bruyette & Woods upgraded Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a report on Thursday, July 9th. The Goldman Sachs Group raised shares of Deutsche Bank Aktiengesellschaft from a "neutral" rating to a "buy" rating in a research report on Tuesday, September 1st. Citigroup restated a "neutral" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 20th. Finally, Zacks Research upgraded shares of Deutsche Bank Aktiengesellschaft from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 27th. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $43.00.

Deutsche Bank Aktiengesellschaft Price Performance

The company has a market cap of $68.18 billion, a PE ratio of 9.37, a P/E/G ratio of 0.48 and a beta of 1.00. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.72 and a quick ratio of 0.72. The company has a 50-day moving average price of $38.19 and a two-hundred day moving average price of $34.69.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The bank reported $0.66 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.25). Deutsche Bank Aktiengesellschaft had a return on equity of 8.46% and a net margin of 11.53%.The company had revenue of $9.68 billion for the quarter, compared to analyst estimates of $9.30 billion. Sell-side analysts expect that Deutsche Bank Aktiengesellschaft will post 3.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

Large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position in shares of Deutsche Bank Aktiengesellschaft by 83.1% during the first quarter. Bank of America Corp DE now owns 21,420,171 shares of the bank's stock worth $637,893,000 after acquiring an additional 9,719,181 shares during the last quarter. Amundi grew its stake in 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 purchasing an additional 6,139,611 shares in the last quarter. SEB Asset Management AB purchased a new stake in Deutsche Bank Aktiengesellschaft during the 1st quarter worth approximately $52,931,000. Arrowstreet Capital Limited Partnership purchased a new stake in Deutsche Bank Aktiengesellschaft during the 1st quarter worth approximately $42,643,000. Finally, Commerzbank Aktiengesellschaft FI raised its position in shares of Deutsche Bank Aktiengesellschaft by 43.6% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 4,678,583 shares of the bank's stock valued at $139,328,000 after purchasing an additional 1,419,788 shares in the last quarter. 27.90% of the stock is owned by institutional investors and hedge funds.

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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