Deutsche Bank Aktiengesellschaft (NYSE:DB) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) have been given a consensus rating of “Moderate Buy” by the six analysts that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

DB has been the subject of several recent research reports. Barclays reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, February 3rd. The Goldman Sachs Group upgraded shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research note on Thursday, January 30th. Royal Bank of Canada restated an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, March 24th. Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, March 7th. Finally, Citigroup reiterated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, February 3rd.

Hedge Funds Weigh In On Deutsche Bank Aktiengesellschaft

A number of institutional investors have recently added to or reduced their stakes in DB. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 21.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,412 shares of the bank’s stock valued at $57,000 after acquiring an additional 424 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 2.2% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 21,914 shares of the bank’s stock valued at $522,000 after purchasing an additional 477 shares during the period. Venturi Wealth Management LLC grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 1.6% in the fourth quarter. Venturi Wealth Management LLC now owns 32,990 shares of the bank’s stock worth $562,000 after purchasing an additional 513 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in Deutsche Bank Aktiengesellschaft by 3.9% during the 4th quarter. Sequoia Financial Advisors LLC now owns 14,189 shares of the bank’s stock valued at $242,000 after buying an additional 537 shares during the last quarter. Finally, Truist Financial Corp boosted its position in Deutsche Bank Aktiengesellschaft by 4.8% during the 4th quarter. Truist Financial Corp now owns 13,801 shares of the bank’s stock valued at $235,000 after buying an additional 636 shares during the period. 27.90% of the stock is currently owned by institutional investors.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of Deutsche Bank Aktiengesellschaft stock opened at $28.57 on Friday. The company has a quick ratio of 0.78, a current ratio of 0.74 and a debt-to-equity ratio of 1.45. The business has a 50 day moving average price of $24.58 and a 200-day moving average price of $20.73. Deutsche Bank Aktiengesellschaft has a 52 week low of $13.70 and a 52 week high of $28.61. The company has a market cap of $56.91 billion, a PE ratio of 20.55 and a beta of 1.00.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its quarterly earnings results on Tuesday, April 29th. The bank reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.19. Deutsche Bank Aktiengesellschaft had a net margin of 4.66% and a return on equity of 3.90%. The company had revenue of $8.97 billion for the quarter, compared to the consensus estimate of $7.95 billion. Equities analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Deutsche Bank Aktiengesellschaft Company Profile

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.