A number of other equities analysts have also recently issued reports on the company. Zacks Investment Research cut Deutsche Bank from a hold rating to a sell rating in a report on Thursday, August 30th. Bank of America cut Deutsche Bank from a neutral rating to an underperform rating in a report on Monday, August 13th. Morgan Stanley cut Deutsche Bank from an equal rating to a weight rating and set a $9.00 price target on the stock. in a report on Friday, August 10th. DZ Bank restated a neutral rating on shares of Deutsche Bank in a report on Wednesday, July 25th. Finally, ValuEngine cut Deutsche Bank from a sell rating to a strong sell rating in a report on Saturday, June 2nd. Six investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. The stock has a consensus rating of Hold and an average price target of $13.00.
NYSE:DB opened at $11.38 on Tuesday. The company has a market cap of $23.71 billion, a price-to-earnings ratio of -18.97 and a beta of 1.37. The company has a debt-to-equity ratio of 2.38, a current ratio of 0.76 and a quick ratio of 0.76. Deutsche Bank has a fifty-two week low of $10.36 and a fifty-two week high of $20.23.
Deutsche Bank (NYSE:DB) last released its earnings results on Wednesday, July 25th. The bank reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.17). The firm had revenue of $7.86 billion for the quarter. Deutsche Bank had a negative net margin of 3.33% and a negative return on equity of 1.85%. sell-side analysts expect that Deutsche Bank will post 0.43 EPS for the current year.
Institutional investors have recently bought and sold shares of the business. Diligent Investors LLC bought a new position in shares of Deutsche Bank during the 2nd quarter worth approximately $112,000. Bollard Group LLC bought a new position in shares of Deutsche Bank during the 1st quarter worth approximately $152,000. BlackRock Inc. lifted its holdings in shares of Deutsche Bank by 3,809.3% in the 1st quarter. BlackRock Inc. now owns 11,728 shares of the bank’s stock worth $164,000 after purchasing an additional 11,428 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Deutsche Bank in the 2nd quarter worth $125,000. Finally, Evergreen Capital Management LLC bought a new position in shares of Deutsche Bank in the 1st quarter worth $172,000. Hedge funds and other institutional investors own 20.89% 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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