DZ Bank Reiterates Neutral Rating for Deutsche Bank (NYSE:DB)

DZ Bank restated their neutral rating on shares of Deutsche Bank (NYSE:DB) in a research report report published on Wednesday morning, Borsen Zeitung reports.

Several other equities analysts have also weighed in on DB. Credit Suisse Group reiterated a sell rating on shares of Deutsche Bank in a report on Friday, April 17th. Morgan Stanley reiterated a sell rating on shares of Deutsche Bank in a report on Wednesday, May 27th. Zacks Investment Research upgraded shares of Deutsche Bank from a sell rating to a hold rating and set a $6.00 price objective on the stock in a report on Tuesday, March 17th. Goldman Sachs Group reissued a neutral rating on shares of Deutsche Bank in a research report on Sunday, April 5th. Finally, ValuEngine downgraded shares of Deutsche Bank from a strong-buy rating to a buy rating in a research report on Friday, May 1st. Seven investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $6.70.

Shares of Deutsche Bank stock opened at $9.00 on Wednesday. The stock has a market cap of $19.78 billion, a price-to-earnings ratio of -2.90 and a beta of 1.53. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 2.20. Deutsche Bank has a twelve month low of $4.99 and a twelve month high of $11.16. The company’s fifty day moving average is $8.35 and its 200 day moving average is $7.95.

Deutsche Bank (NYSE:DB) last released its earnings results on Wednesday, April 29th. The bank reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.13. Deutsche Bank had a negative net margin of 16.53% and a negative return on equity of 8.63%. The business had revenue of $7 billion for the quarter. As a group, equities analysts anticipate that Deutsche Bank will post -0.34 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Capital Research Global Investors purchased a new stake in Deutsche Bank in the 1st quarter worth approximately $519,094,000. Franklin Resources Inc. lifted its stake in Deutsche Bank by 9.4% in the 1st quarter. Franklin Resources Inc. now owns 13,454,576 shares of the bank’s stock worth $85,541,000 after purchasing an additional 1,156,470 shares in the last quarter. Norges Bank purchased a new stake in Deutsche Bank in the 4th quarter worth approximately $76,009,000. The Manufacturers Life Insurance Company lifted its stake in Deutsche Bank by 316.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 4,623,672 shares of the bank’s stock worth $29,684,000 after purchasing an additional 3,514,443 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its stake in Deutsche Bank by 877.0% in the 1st quarter. Two Sigma Advisers LP now owns 4,515,423 shares of the bank’s stock worth $28,989,000 after purchasing an additional 4,053,231 shares in the last quarter. Institutional investors and hedge funds own 24.78% of the company’s stock.

Deutsche Bank Company Profile

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. It operates through three segments: Corporate & Investment Bank (CIB), Private & Commercial Bank (PCB), and Deutsche Asset Management.

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