Deutsche Bank (DB) Stock Rating Lowered by Bank of America

Deutsche Bank (NYSE:DB) was downgraded by Bank of America from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Monday, MarketBeat Ratings reports.

A number of other equities research analysts also recently weighed in on DB. Zacks Investment Research upgraded Deutsche Bank from a “strong sell” rating to a “buy” rating and set a $16.00 target price for the company in a report on Wednesday, April 18th. DZ Bank reiterated a “buy” rating on shares of Deutsche Bank in a report on Thursday, April 26th. ValuEngine downgraded Deutsche Bank from a “hold” rating to a “sell” rating in a report on Friday, May 4th. Royal Bank of Canada downgraded Deutsche Bank from a “sector perform” rating to an “underperform” rating in a report on Friday, June 1st. Finally, Morgan Stanley downgraded Deutsche Bank from an “equal” rating to a “weight” rating and set a $9.00 price objective for the company. in a report on Friday, August 10th. Seven analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. The company presently has an average rating of “Hold” and an average price target of $13.00.

Shares of DB stock opened at $11.49 on Monday. The company has a market capitalization of $24.43 billion, a price-to-earnings ratio of -19.15 and a beta of 1.41. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.38. Deutsche Bank has a fifty-two week low of $10.36 and a fifty-two week high of $20.23.



Deutsche Bank (NYSE:DB) last issued its earnings results on Wednesday, July 25th. The bank reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.17). The business had revenue of $7.86 billion during the quarter. Deutsche Bank had a negative return on equity of 1.85% and a negative net margin of 3.33%. research analysts anticipate that Deutsche Bank will post 0.83 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Amundi Pioneer Asset Management Inc. increased its holdings in shares of Deutsche Bank by 81.8% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 28,986,439 shares of the bank’s stock valued at $405,229,000 after acquiring an additional 13,043,037 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Deutsche Bank by 4,061.4% during the first quarter. Franklin Resources Inc. now owns 11,244,155 shares of the bank’s stock valued at $156,903,000 after acquiring an additional 10,973,953 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Deutsche Bank by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 5,649,527 shares of the bank’s stock valued at $59,998,000 after acquiring an additional 96,411 shares in the last quarter. Schroder Investment Management Group grew its holdings in Deutsche Bank by 25.9% during the first quarter. Schroder Investment Management Group now owns 5,488,470 shares of the bank’s stock worth $62,163,000 after buying an additional 1,128,773 shares in the last quarter. Finally, GAM Holding AG grew its holdings in Deutsche Bank by 24.1% during the second quarter. GAM Holding AG now owns 2,485,886 shares of the bank’s stock worth $26,497,000 after buying an additional 482,076 shares in the last quarter. Hedge funds and other institutional investors own 20.20% of the company’s stock.

About Deutsche Bank

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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Analyst Recommendations for Deutsche Bank (NYSE:DB)

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