Deutsche Bank AG (NYSE:DB) has been assigned an average recommendation of “Sell” from the fifteen ratings firms that are currently covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $6.75.
A number of analysts have commented on the stock. Kepler Capital Markets reaffirmed a “sell” rating on shares of Deutsche Bank in a research report on Monday, August 24th. Morgan Stanley restated an “underweight” rating on shares of Deutsche Bank in a report on Thursday, July 30th. Barclays restated a “sell” rating on shares of Deutsche Bank in a report on Thursday, July 30th. ValuEngine lowered shares of Deutsche Bank from a “buy” rating to a “hold” rating in a report on Tuesday, September 1st. Finally, Royal Bank of Canada restated a “sell” rating on shares of Deutsche Bank in a report on Friday, September 4th.
Shares of DB opened at $9.29 on Thursday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 2.46. The stock has a market capitalization of $19.20 billion, a P/E ratio of -6.68 and a beta of 1.46. The firm’s fifty day simple moving average is $9.41 and its two-hundred day simple moving average is $8.26. Deutsche Bank has a 12 month low of $4.99 and a 12 month high of $11.16.
Deutsche Bank (NYSE:DB) last issued its quarterly earnings results on Wednesday, July 29th. The bank reported ($0.15) EPS for the quarter. The firm had revenue of $6.98 billion for the quarter. Deutsche Bank had a negative net margin of 7.49% and a negative return on equity of 3.77%. As a group, research analysts predict that Deutsche Bank will post -0.09 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the business. Parallel Advisors LLC grew 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 buying an additional 1,079 shares during the period. Rosenberg Matthew Hamilton purchased a new stake in Deutsche Bank during the second quarter valued at $38,000. Keebeck Wealth Management LLC purchased a new stake in Deutsche Bank during the second quarter valued at $47,000. Engineers Gate Manager LP purchased a new stake in Deutsche Bank during the first quarter valued at $73,000. Finally, Dorsey & Whitney Trust CO LLC purchased a new stake in Deutsche Bank during the first quarter valued at $89,000. Hedge funds and other institutional investors own 26.07% 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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