DZ Bank Reiterates Hold Rating for Deutsche Bank (DB)

Deutsche Bank (NYSE:DB)‘s stock had its “hold” rating restated by equities researchers at DZ Bank in a research note issued to investors on Friday, AnalystRatings.com reports.

Several other analysts have also recently issued reports on the stock. Royal Bank of Canada reaffirmed a “sell” rating and set a $7.50 price objective on shares of Deutsche Bank in a research note on Thursday. JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $7.00 price objective on shares of Deutsche Bank in a research note on Thursday. Bank of America set a $7.00 price objective on shares of Deutsche Bank and gave the company a “sell” rating in a research note on Thursday, April 11th. HSBC reaffirmed a “hold” rating on shares of Deutsche Bank in a research note on Thursday, April 4th. Finally, UBS Group reaffirmed a “hold” rating on shares of Deutsche Bank in a research note on Thursday, April 4th. Nine equities research analysts have rated the stock with a sell rating and ten have issued a hold rating to the stock. The company presently has an average rating of “Hold” and an average target price of $7.76.

DB opened at $8.19 on Friday. Deutsche Bank has a twelve month low of $7.62 and a twelve month high of $13.98. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market cap of $16.93 billion, a P/E ratio of -13.65 and a beta of 1.35.

Deutsche Bank (NYSE:DB) last released its quarterly earnings results on Friday, April 26th. The bank reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. Deutsche Bank had a net margin of 0.72% and a return on equity of 0.41%. The firm had revenue of $7.21 billion during the quarter. On average, sell-side analysts expect that Deutsche Bank will post 0.09 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of DB. Norges Bank purchased a new position in shares of Deutsche Bank during the 4th quarter worth approximately $161,774,000. Hudson Executive Capital LP raised its holdings in shares of Deutsche Bank by 8.8% in the 4th quarter. Hudson Executive Capital LP now owns 64,861,476 shares of the bank’s stock valued at $528,624,000 after purchasing an additional 5,270,000 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its holdings in shares of Deutsche Bank by 14.6% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 16,219,213 shares of the bank’s stock valued at $132,185,000 after purchasing an additional 2,065,264 shares in the last quarter. TB Alternative Assets Ltd. acquired a new stake in shares of Deutsche Bank in the 1st quarter valued at $10,672,000. Finally, Shah Capital Management acquired a new stake in shares of Deutsche Bank in the 4th quarter valued at $10,610,000. 22.98% 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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