Deutsche Bank (NYSE:DB) Earns Underweight Rating from Morgan Stanley

Morgan Stanley restated their underweight rating on shares of Deutsche Bank (NYSE:DB) in a research report report published on Thursday morning, The Fly reports.

DB has been the subject of a number of other reports. Barclays reaffirmed a sell rating on shares of Deutsche Bank in a report on Thursday. Berenberg Bank reaffirmed a sell rating on shares of Deutsche Bank in a report on Monday, April 20th. Goldman Sachs Group reaffirmed a neutral rating on shares of Deutsche Bank in a report on Sunday, April 5th. Kepler Capital Markets cut shares of Deutsche Bank to a sell rating in a report on Wednesday, July 8th. Finally, JPMorgan Chase & Co. reissued a neutral rating on shares of Deutsche Bank in a research note on Tuesday, June 16th. Eight investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of $7.00.

Shares of NYSE DB traded down $0.08 during midday trading on Thursday, hitting $8.92. The stock had a trading volume of 3,462,399 shares, compared to its average volume of 4,201,998. The business’s 50 day moving average is $9.57 and its 200-day moving average is $8.28. Deutsche Bank has a 52 week low of $4.99 and a 52 week high of $11.16. The company has a current ratio of 0.76, a quick ratio of 0.71 and a debt-to-equity ratio of 2.46.

Deutsche Bank (NYSE:DB) last issued its quarterly earnings data on Wednesday, April 29th. The bank reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.13. The company had revenue of $7 billion for the quarter. Deutsche Bank had a negative net margin of 7.49% and a negative return on equity of 3.77%. On average, equities research analysts expect that Deutsche Bank will post -0.31 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC lifted its position in Deutsche Bank by 56.2% during the second quarter. Parallel Advisors LLC now owns 2,999 shares of the bank’s stock valued at $28,000 after purchasing an additional 1,079 shares during the last quarter. Sage Financial Group Inc. lifted its position in Deutsche Bank by 60.5% during the first quarter. Sage Financial Group Inc. now owns 4,814 shares of the bank’s stock valued at $31,000 after purchasing an additional 1,814 shares during the last quarter. NBT Bank N A NY bought a new position in Deutsche Bank during the first quarter valued at $64,000. Ballentine Partners LLC bought a new position in Deutsche Bank during the second quarter valued at $98,000. Finally, Engineers Gate Manager LP bought a new position in Deutsche Bank during the first quarter valued at $73,000. 24.77% of the stock is owned by institutional investors.

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.

See Also: Accumulation/Distribution

The Fly

Analyst Recommendations for Deutsche Bank (NYSE:DB)

Receive News & Ratings for Deutsche Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deutsche Bank and related companies with MarketBeat.com's FREE daily email newsletter.