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

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 upgraded shares of Deutsche Bank Aktiengesellschaft from an equal weight rating to an overweight rating in a research note on Tuesday, September 3rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of Deutsche Bank Aktiengesellschaft stock opened at $17.58 on Monday. Deutsche Bank Aktiengesellschaft has a 12 month low of $10.00 and a 12 month high of $17.95. The firm has a market capitalization of $36.33 billion, a P/E ratio of 7.68, a price-to-earnings-growth ratio of 2.65 and a beta of 1.21. The business’s fifty day simple moving average is $16.14 and its 200 day simple moving average is $16.26. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings data on Wednesday, July 24th. The bank reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.90). The firm had revenue of $7.87 billion during the quarter, compared to the consensus estimate of $8.18 billion. Deutsche Bank Aktiengesellschaft had a net margin of 5.58% and a return on equity of 4.63%. As a group, analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.29 EPS for the current year.

Institutional Trading of Deutsche Bank Aktiengesellschaft

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 79,928,261 shares of the bank’s stock valued at $1,260,469,000 after purchasing an additional 2,369,026 shares in the last quarter. Capital International Investors increased its position in Deutsche Bank Aktiengesellschaft by 163.4% during the first quarter. Capital International Investors now owns 48,638,662 shares of the bank’s stock valued at $765,173,000 after acquiring an additional 30,173,405 shares during the last quarter. Legal & General Group Plc lifted its holdings in 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 acquiring an additional 19,940,056 shares during the period. Acadian Asset Management LLC lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 81.9% in the 1st quarter. Acadian Asset Management LLC now owns 16,069,955 shares of the bank’s stock worth $253,048,000 after purchasing an additional 7,237,525 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 30.8% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 13,559,579 shares of the bank’s stock worth $185,233,000 after acquiring an additional 3,196,091 shares during the last quarter. Hedge funds and other institutional investors own 27.90% of the company’s stock.

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.