Deutsche Bank Aktiengesellschaft (NYSE:DB) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) from a hold rating to a buy rating in a research note released on Monday.

Separately, Barclays raised shares of Deutsche Bank Aktiengesellschaft from an equal weight rating to an overweight rating in a research note on Tuesday, September 3rd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Deutsche Bank Aktiengesellschaft presently has an average rating of Moderate Buy.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of NYSE:DB opened at $17.48 on Monday. Deutsche Bank Aktiengesellschaft has a 12-month low of $10.00 and a 12-month high of $17.95. The company’s 50 day moving average price is $16.02 and its two-hundred day moving average price is $16.23. The firm has a market cap of $36.12 billion, a PE ratio of 7.63, a PEG ratio of 2.65 and a beta of 1.21. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its earnings results on Wednesday, July 24th. The bank reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.90). The business had revenue of $7.87 billion during the quarter, compared to analyst estimates of $8.18 billion. Deutsche Bank Aktiengesellschaft had a net margin of 5.58% and a return on equity of 4.63%. Equities research analysts predict that Deutsche Bank Aktiengesellschaft will post 2.29 earnings per share for the current year.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital International Investors grew its stake in shares of Deutsche Bank Aktiengesellschaft by 163.4% in the first quarter. Capital International Investors now owns 48,638,662 shares of the bank’s stock worth $765,173,000 after purchasing an additional 30,173,405 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Deutsche Bank Aktiengesellschaft by 8,267.7% in the second quarter. Legal & General Group Plc now owns 20,181,236 shares of the bank’s stock valued at $322,438,000 after buying an additional 19,940,056 shares during the period. Acadian Asset Management LLC raised its position in shares of Deutsche Bank Aktiengesellschaft by 81.9% during the first quarter. Acadian Asset Management LLC now owns 16,069,955 shares of the bank’s stock worth $253,048,000 after acquiring an additional 7,237,525 shares during the last quarter. Capital International Inc. CA lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 414.1% in the first quarter. Capital International Inc. CA now owns 7,371,601 shares of the bank’s stock worth $115,971,000 after acquiring an additional 5,937,749 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Deutsche Bank Aktiengesellschaft by 30.8% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 13,559,579 shares of the bank’s stock valued at $185,233,000 after acquiring an additional 3,196,091 shares during the last quarter. 27.90% of the stock is currently owned by institutional investors and hedge funds.

About Deutsche Bank Aktiengesellschaft

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.