Deutsche Bank AG (NYSE:DB)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $8.16, but opened at $7.93. Deutsche Bank shares last traded at $7.72, with a volume of 5,423,583 shares.
Several research analysts recently issued reports on the company. ValuEngine cut Welbilt from a “hold” rating to a “sell” rating in a research note on Wednesday, June 12th. Zacks Investment Research cut Horiba from a “hold” rating to a “sell” rating in a research note on Wednesday, May 22nd. Barclays reissued a “sell” rating and issued a $5.00 price objective on shares of Deutsche Bank in a research note on Wednesday. DZ Bank reaffirmed a “neutral” rating on shares of Basf in a research report on Tuesday, July 9th. Finally, Goldman Sachs Group reaffirmed a “hold” rating and set a $8.40 target price on shares of Deutsche Bank in a research report on Monday, July 8th. Eight analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $7.27.
The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market capitalization of $16.39 billion, a price-to-earnings ratio of -772.00 and a beta of 1.51. The stock’s 50-day simple moving average is $7.29.
Deutsche Bank (NYSE:DB) last announced its earnings results on Friday, April 26th. The bank reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. The business had revenue of $7.21 billion for the quarter. Deutsche Bank had a return on equity of 0.49% and a net margin of 0.92%. Equities analysts expect that Deutsche Bank AG will post 0.34 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the company. Commonwealth Equity Services LLC raised its position in Deutsche Bank by 17.1% in the second quarter. Commonwealth Equity Services LLC now owns 15,222 shares of the bank’s stock valued at $116,000 after purchasing an additional 2,222 shares during the period. Laurel Wealth Advisors Inc. acquired a new position in shares of Deutsche Bank in the first quarter worth $99,000. Banco Santander S.A. grew its stake in shares of Deutsche Bank by 75.9% in the first quarter. Banco Santander S.A. now owns 164,415 shares of the bank’s stock worth $1,341,000 after acquiring an additional 70,967 shares in the last quarter. DekaBank Deutsche Girozentrale grew 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 in the last quarter. Finally, IPG Investment Advisors LLC acquired a new position in shares of Deutsche Bank in the first quarter worth $514,000. Hedge funds and other institutional investors own 19.34% of the company’s stock.
About Deutsche Bank (NYSE:DB)
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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