Deutsche Bank Aktiengesellschaft (NYSE:DB) Raised to “Strong-Buy” at The Goldman Sachs Group

Deutsche Bank Aktiengesellschaft (NYSE:DB) was upgraded by stock analysts at The Goldman Sachs Group to a “strong-buy” rating in a report issued on Thursday,Zacks.com reports.

Separately, StockNews.com raised Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Deutsche Bank Aktiengesellschaft currently has a consensus rating of “Buy”.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of DB stock opened at $19.53 on Thursday. The stock has a market capitalization of $38.89 billion, a PE ratio of 10.01 and a beta of 1.20. The business’s 50 day simple moving average is $17.90 and its 200 day simple moving average is $16.95. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.78 and a quick ratio of 0.78. Deutsche Bank Aktiengesellschaft has a one year low of $12.43 and a one year high of $20.45.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings data 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 6.40% and a return on equity of 5.35%. As a group, research analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.46 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc acquired a new position in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter valued at about $26,000. Wilmington Savings Fund Society FSB acquired a new position in Deutsche Bank Aktiengesellschaft during the 3rd quarter worth approximately $43,000. Activest Wealth Management bought a new position in Deutsche Bank Aktiengesellschaft in the fourth quarter worth approximately $86,000. Allworth Financial LP grew its stake in Deutsche Bank Aktiengesellschaft by 3,738.1% in the third quarter. Allworth Financial LP now owns 8,252 shares of the bank’s stock valued at $143,000 after acquiring an additional 8,037 shares during the period. Finally, Legacy Capital Group California Inc. bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the third quarter valued at approximately $195,000. 27.90% of the stock is owned by 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.