Deutsche Bank Aktiengesellschaft (NYSE:DB) Stock Rating Upgraded by StockNews.com

Deutsche Bank Aktiengesellschaft (NYSE:DB) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.

Separately, The Goldman Sachs Group upgraded Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Deutsche Bank Aktiengesellschaft has a consensus rating of “Buy”.

Deutsche Bank Aktiengesellschaft Price Performance

NYSE DB traded up $0.07 during mid-day trading on Wednesday, hitting $18.95. The stock had a trading volume of 1,996,957 shares, compared to its average volume of 1,870,185. The firm’s 50 day moving average is $18.05 and its 200 day moving average is $17.00. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.74 and a quick ratio of 0.78. The stock has a market capitalization of $37.74 billion, a price-to-earnings ratio of 13.63 and a beta of 1.22. Deutsche Bank Aktiengesellschaft has a twelve month low of $12.43 and a twelve month high of $20.45.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its earnings results 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 4.66% and a return on equity of 3.90%. Equities research analysts forecast that Deutsche Bank Aktiengesellschaft will post 3.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Commerzbank Aktiengesellschaft FI boosted its position in shares of Deutsche Bank Aktiengesellschaft by 31,975.7% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 5,259,492 shares of the bank’s stock worth $91,042,000 after purchasing an additional 5,275,992 shares during the period. Bank of New York Mellon Corp boosted its position in Deutsche Bank Aktiengesellschaft by 2.9% in the 4th quarter. Bank of New York Mellon Corp now owns 3,132,515 shares of the bank’s stock valued at $53,409,000 after buying an additional 88,606 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Deutsche Bank Aktiengesellschaft by 23.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,546,283 shares of the bank’s stock worth $44,042,000 after acquiring an additional 483,788 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its stake in shares of Deutsche Bank Aktiengesellschaft by 2.1% in the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 2,286,316 shares of the bank’s stock valued at $39,492,000 after acquiring an additional 46,192 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in Deutsche Bank Aktiengesellschaft by 332.0% in the third quarter. Wellington Management Group LLP now owns 2,194,855 shares of the bank’s stock valued at $37,964,000 after purchasing an additional 1,686,776 shares during the period. 27.90% of the stock is currently owned by hedge funds and other institutional investors.

About Deutsche Bank Aktiengesellschaft

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.