Deutsche Bank Aktiengesellschaft (NYSE:DB) Stock Price Crosses Below 50-Day Moving Average - Time to Sell?

Key Points

• Deutsche Bank shares fell below their 50-day moving average of $35.96, trading as low as $34.83 and last at $34.89.
• Analysts’ consensus rating is Moderate Buy, with a $43 average price target; recommendations range from Strong Buy to Sell.
• The bank beat quarterly estimates, reporting EPS of $1.06 versus $0.91 expected and revenue of $9.44 billion versus $9.32 billion forecast.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) shares passed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $35.96 and traded as low as $34.83. Deutsche Bank Aktiengesellschaft shares last traded at $34.8880, with a volume of 3,874,453 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. UBS Group reaffirmed a "buy" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, July 30th. Royal Bank Of Canada reissued a "buy" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Sunday, October 4th. Zacks Research lowered shares of Deutsche Bank Aktiengesellschaft from a "hold" rating to a "strong sell" rating in a report on Tuesday, October 13th. Jefferies Financial Group raised shares of Deutsche Bank Aktiengesellschaft from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 27th. Finally, DZ Bank restated a "buy" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Deutsche Bank Aktiengesellschaft presently has an average rating of "Moderate Buy" and a consensus price target of $43.00.

Deutsche Bank Aktiengesellschaft Stock Performance

The company has a market cap of $67.68 billion, a P/E ratio of 9.04, a PEG ratio of 0.52 and a beta of 1.05. The business's 50 day simple moving average is $35.96 and its 200 day simple moving average is $34.69. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.35.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The bank reported $1.06 EPS for the quarter, topping the consensus estimate of $0.91 by $0.15. Deutsche Bank Aktiengesellschaft had a return on equity of 8.63% and a net margin of 11.59%. The business had revenue of $9.44 billion for the quarter, compared to analyst estimates of $9.32 billion. Sell-side analysts predict that Deutsche Bank Aktiengesellschaft will post 3.80 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Large investors have recently bought and sold shares of the stock. Allworth Financial LP lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 32.4% in the third quarter. Allworth Financial LP now owns 4,430 shares of the bank's stock worth $150,000 after buying an additional 1,084 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 4.5% in the third quarter. Fisher Asset Management LLC now owns 31,037,412 shares of the bank's stock valued at $1,113,933,000 after acquiring an additional 1,336,994 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 2.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,685,408 shares of the bank's stock worth $133,324,000 after purchasing an additional 71,820 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 39.1% during the 3rd quarter. Fifth Third Bancorp now owns 1,402 shares of the bank's stock valued at $50,000 after buying an additional 394 shares during the period. Finally, First Command Advisory Services Inc. boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 354.9% during the third quarter. First Command Advisory Services Inc. now owns 2,079 shares of the bank's stock valued at $75,000 after acquiring an additional 1,622 shares during the period. 27.90% of the stock is owned by hedge funds and other institutional investors.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft is a global financial services company headquartered in Frankfurt, Germany. Founded in Berlin in 1870 to support German and international trade, it has grown into one of Germany's largest banking groups.

The bank serves businesses, governments, institutional investors and individuals in Germany and other markets around the world. Its Corporate Bank provides services such as cash management, payments, trade finance and lending, while its Investment Bank offers capital-markets, advisory, financing and trading services.

Deutsche Bank also provides private banking and wealth management services to individuals and entrepreneurs, as well as asset management through its majority-owned subsidiary DWS Group.

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