Deutsche Bank Aktiengesellschaft (NYSE:DB) Raised to Strong-Buy at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) to a strong-buy rating in a report issued on Thursday,Zacks.com reports.

Separately, StockNews.com raised Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Deutsche Bank Aktiengesellschaft presently has a consensus rating of “Buy”.

Deutsche Bank Aktiengesellschaft Trading Down 1.1 %

Shares of Deutsche Bank Aktiengesellschaft stock opened at $19.53 on Thursday. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.78 and a quick ratio of 0.78. The business has a fifty day simple moving average of $17.90 and a two-hundred day simple moving average of $16.95. Deutsche Bank Aktiengesellschaft has a 1 year low of $12.43 and a 1 year high of $20.45. The company has a market capitalization of $38.89 billion, a price-to-earnings ratio of 10.01 and a beta of 1.20.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its quarterly earnings data on Thursday, January 30th. The bank reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.27). Deutsche Bank Aktiengesellschaft had a net margin of 6.40% and a return on equity of 5.35%. Research analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.46 EPS for the current year.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

A number of large investors have recently modified their holdings of DB. Versant Capital Management Inc bought a new stake in Deutsche Bank Aktiengesellschaft during the 4th quarter worth $26,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the third quarter valued at about $43,000. Activest Wealth Management bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter worth about $86,000. Allworth Financial LP increased its stake in shares of Deutsche Bank Aktiengesellschaft by 3,738.1% in the third quarter. Allworth Financial LP now owns 8,252 shares of the bank’s stock valued at $143,000 after buying an additional 8,037 shares during the period. Finally, Legacy Capital Group California Inc. bought a new position in Deutsche Bank Aktiengesellschaft in the 3rd quarter valued at approximately $195,000. Institutional investors and hedge funds own 27.90% of the company’s stock.

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.