Deutsche Bank (NYSE:DB) Upgraded at ValuEngine

ValuEngine upgraded shares of Deutsche Bank (NYSE:DB) from a hold rating to a buy rating in a research note published on Thursday, ValuEngine reports.

A number of other brokerages have also issued reports on DB. DZ Bank restated a neutral rating on shares of Deutsche Bank in a research note on Wednesday, July 24th. Royal Bank of Canada restated a sell rating and set a $7.50 price target on shares of Deutsche Bank in a research note on Thursday, April 25th. Norddeutsche Landesbank restated a hold rating and set a $8.00 price target on shares of Deutsche Bank in a research note on Friday, April 26th. Zacks Investment Research upgraded shares of Deutsche Bank from a sell rating to a hold rating in a research note on Wednesday, May 22nd. Finally, UBS Group upgraded shares of Deutsche Bank from a sell rating to a neutral rating and set a $7.53 price target on the stock in a research note on Friday, July 12th. Eight research analysts have rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $7.12.

Shares of NYSE DB traded up $0.28 during trading hours on Thursday, hitting $7.89. 5,530,960 shares of the stock were exchanged, compared to its average volume of 6,967,354. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market capitalization of $15.73 billion, a P/E ratio of -789.00 and a beta of 1.52. The firm’s fifty day simple moving average is $7.57. Deutsche Bank has a 12 month low of $6.61 and a 12 month high of $12.72.

Deutsche Bank (NYSE:DB) last issued its quarterly earnings results on Wednesday, July 24th. The bank reported ($1.86) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($2.03). Deutsche Bank had a negative net margin of 8.73% and a negative return on equity of 4.63%. The company had revenue of $6.97 billion for the quarter. Research analysts predict that Deutsche Bank will post 0.33 EPS for the current year.

Several large investors have recently added to or reduced their stakes in DB. DekaBank Deutsche Girozentrale increased its stake in shares of Deutsche Bank by 12.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 17,752,113 shares of the bank’s stock worth $200,006,000 after acquiring an additional 1,904,859 shares during the period. TB Alternative Assets Ltd. acquired a new stake in shares of Deutsche Bank in the first quarter worth $10,672,000. Janus Henderson Group PLC increased its stake in shares of Deutsche Bank by 192.9% in the second quarter. Janus Henderson Group PLC now owns 1,957,634 shares of the bank’s stock worth $15,120,000 after acquiring an additional 1,289,334 shares during the period. SG Americas Securities LLC increased its stake in shares of Deutsche Bank by 1,062.8% in the second quarter. SG Americas Securities LLC now owns 920,559 shares of the bank’s stock worth $7,024,000 after acquiring an additional 841,391 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its holdings in Deutsche Bank by 47.6% during the first quarter. Parametric Portfolio Associates LLC now owns 2,477,373 shares of the bank’s stock worth $20,116,000 after buying an additional 799,044 shares in the last quarter. Hedge funds and other institutional investors own 20.11% of the company’s stock.

About Deutsche Bank

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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