Zacks Investment Research lowered shares of Deutsche Bank AG (NYSE:DB) from a buy rating to a hold rating in a research report released on Wednesday, August 9th.
According to Zacks, “Deutsche Bank underperformed the industry over the past one year. The company’s second-quarter 2017 earnings significantly improved on a year-over-year basis. Low expenses and reduction in provisions were positives. However, lower revenues due to trading slump were an undermining factor. Though profitability remains threatened by a stressed operating environment and sluggish growth of the European economy, the capital raising initiative will enable the banking giant to meet regulatory requirements, investment targets across core businesses, enhance its competitiveness and ease revenue growth challenges. Though the bank’s margins continue to remain under pressure owing to low interest rates and litigation burden to result in a rise in expenses, strong capital position remains a driving factor.”
A number of other equities analysts also recently weighed in on the company. Macquarie downgraded Deutsche Bank AG from an outperform rating to a neutral rating and set a $18.03 price target on the stock. in a research report on Friday, July 28th. DZ Bank AG reaffirmed a buy rating on shares of Deutsche Bank AG in a research report on Thursday, July 27th. BidaskClub cut Deutsche Bank AG from a hold rating to a sell rating in a research note on Tuesday, July 25th. ValuEngine cut Deutsche Bank AG from a buy rating to a hold rating in a research note on Thursday, June 22nd. Finally, Barclays PLC reiterated a neutral rating on shares of Deutsche Bank AG in a research note on Thursday, June 8th. Eight analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Hold and an average target price of $18.21.
Shares of Deutsche Bank AG (NYSE DB) traded up 0.49% on Wednesday, reaching $16.52. The company’s stock had a trading volume of 3,975,769 shares. The company’s 50 day moving average is $18.14 and its 200-day moving average is $18.20. Deutsche Bank AG has a 1-year low of $11.19 and a 1-year high of $20.94. The stock’s market cap is $34.12 billion.
Hedge funds have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. increased its stake in shares of Deutsche Bank AG by 1.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 11,065 shares of the bank’s stock worth $197,000 after buying an additional 202 shares during the last quarter. Strategic Advisors LLC boosted its position in Deutsche Bank AG by 0.5% in the first quarter. Strategic Advisors LLC now owns 63,232 shares of the bank’s stock worth $1,571,000 after buying an additional 336 shares during the period. Edmond DE Rothschild Holding S.A. boosted its position in Deutsche Bank AG by 3.0% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 18,325 shares of the bank’s stock worth $316,000 after buying an additional 530 shares during the period. MEAG MUNICH ERGO AssetManagement GmbH boosted its position in Deutsche Bank AG by 8.2% in the second quarter. MEAG MUNICH ERGO AssetManagement GmbH now owns 17,012 shares of the bank’s stock worth $301,000 after buying an additional 1,287 shares during the period. Finally, US Bancorp DE boosted its position in Deutsche Bank AG by 13.9% in the second quarter. US Bancorp DE now owns 14,124 shares of the bank’s stock worth $252,000 after buying an additional 1,726 shares during the period. Hedge funds and other institutional investors own 16.44% of the company’s stock.
About Deutsche Bank AG
For more information about research offerings from Zacks Investment Research, visit Zacks.com
What are top analysts saying about Deutsche Bank AG? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Deutsche Bank AG and related companies.