Deutsche Bank Aktiengesellschaft (NYSE:DB) Stock Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Deutsche Bank shares crossed above their 200-day moving average, reaching $38.31 and last trading at $37.57 versus the $34.34 long-term average.
• Analysts maintain a “Moderate Buy” consensus with a $43.00 price target; Goldman Sachs upgraded the stock to “buy,” while other firms issued neutral or hold ratings.
• The bank’s latest quarterly earnings missed expectations, reporting $0.66 per share versus the $0.91 consensus, although revenue of $9.68 billion exceeded estimates.

Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $34.34 and traded as high as $38.31. Deutsche Bank Aktiengesellschaft shares last traded at $37.57, with a volume of 1,908,775 shares.

Analyst Ratings Changes

Several research firms have commented on DB. The Goldman Sachs Group raised Deutsche Bank Aktiengesellschaft from a "neutral" rating to a "buy" rating in a report on Tuesday, September 1st. Keefe, Bruyette & Woods upgraded Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a research note on Thursday, July 9th. Bank of America set a $43.00 target price on Deutsche Bank Aktiengesellschaft in a research report on Tuesday, July 7th. Weiss Ratings raised shares of Deutsche Bank Aktiengesellschaft from a "buy (b-)" rating to a "buy (b)" rating in a report on Wednesday, July 29th. Finally, Citigroup restated a "neutral" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, July 20th. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $43.00.

Deutsche Bank Aktiengesellschaft Stock Performance

The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $72.89 billion, a price-to-earnings ratio of 10.02, a PEG ratio of 0.53 and a beta of 0.96. The stock has a fifty day moving average price of $38.13 and a 200-day moving average price of $34.34.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last announced 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). Deutsche Bank Aktiengesellschaft had a net margin of 11.53% and a return on equity of 8.46%. The company had revenue of $9.68 billion during the quarter, compared to the consensus estimate of $9.30 billion. As a group, analysts anticipate that Deutsche Bank Aktiengesellschaft will post 3.93 earnings per share for the current fiscal year.

Institutional Trading of Deutsche Bank Aktiengesellschaft

Large investors have recently added to or reduced their stakes in the company. Amundi raised its stake in shares of Deutsche Bank Aktiengesellschaft by 11.4% in the first quarter. Amundi now owns 60,059,707 shares of the bank's stock valued at $1,788,578,000 after acquiring an additional 6,139,611 shares during the last quarter. Bank of America Corp DE grew its position in Deutsche Bank Aktiengesellschaft by 83.1% during the 1st 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. DekaBank Deutsche Girozentrale increased its holdings in Deutsche Bank Aktiengesellschaft by 5.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 18,743,906 shares of the bank's stock valued at $600,821,000 after purchasing an additional 957,307 shares in the last quarter. Legal & General Group Plc raised its position in Deutsche Bank Aktiengesellschaft by 2.3% in the 4th quarter. Legal & General Group Plc now owns 14,664,607 shares of the bank's stock valued at $570,302,000 after purchasing an additional 332,004 shares during the last quarter. Finally, Norges Bank acquired a new position in Deutsche Bank Aktiengesellschaft in the fourth quarter worth $532,397,000. 27.90% of the stock is owned by institutional investors.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft is a Germany-based global financial services company headquartered in Frankfurt. Founded in 1870 in Berlin, the bank provides banking and investment services to corporations, institutions, governments, small and medium-sized businesses, and private clients across Europe and other international markets.

The company's principal businesses include Corporate Bank, Investment Bank, Private Bank and Asset Management. Its services include transaction banking, cash management, trade finance, lending, investment banking, securities sales and trading, foreign exchange, research, wealth management, retail banking and private banking.

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