Deutsche Bank’s (DB) Neutral Rating Reiterated at DZ Bank

DZ Bank reiterated their neutral rating on shares of Deutsche Bank (NYSE:DB) in a report issued on Wednesday, Borsen Zeitung reports.

A number of other research firms also recently commented on DB. Zacks Investment Research downgraded Deutsche Bank from a hold rating to a sell rating and set a $8.00 price target for the company. in a research note on Monday, September 9th. UBS Group reaffirmed a neutral rating on shares of Deutsche Bank in a research note on Tuesday, October 15th. Eight investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $7.01.

DB stock opened at $7.48 on Wednesday. The business has a 50-day simple moving average of $7.43 and a 200 day simple moving average of $7.45. Deutsche Bank has a 52 week low of $6.44 and a 52 week high of $9.47. The company has a quick ratio of 0.72, a current ratio of 1.14 and a debt-to-equity ratio of 2.27.

Deutsche Bank (NYSE:DB) last posted its quarterly earnings results on Wednesday, October 30th. The bank reported ($0.46) EPS for the quarter. The company had revenue of $5.85 billion during the quarter. Deutsche Bank had a negative net margin of 11.99% and a negative return on equity of 6.33%. As a group, research analysts forecast that Deutsche Bank will post -0.2 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Creative Planning raised its stake in Deutsche Bank by 68.1% during the third quarter. Creative Planning now owns 36,729 shares of the bank’s stock worth $275,000 after acquiring an additional 14,880 shares in the last quarter. Banco Santander S.A. raised its stake in Deutsche Bank by 110.0% during the second quarter. Banco Santander S.A. now owns 345,251 shares of the bank’s stock worth $2,664,000 after acquiring an additional 180,836 shares in the last quarter. Comerica Bank acquired a new position in Deutsche Bank during the second quarter worth about $876,000. Edgestream Partners L.P. acquired a new position in Deutsche Bank during the second quarter worth about $501,000. Finally, Quadrant Capital Group LLC grew its holdings in shares of Deutsche Bank by 337.7% during the third quarter. Quadrant Capital Group LLC now owns 35,953 shares of the bank’s stock worth $260,000 after purchasing an additional 27,738 shares during the last quarter. 21.75% of the stock is owned by hedge funds and other institutional investors.

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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