Deutsche Bank (DB) Upgraded to Buy by Zacks Investment Research

Deutsche Bank (NYSE:DB) was upgraded by Zacks Investment Research from a “strong sell” rating to a “buy” rating in a research note issued to investors on Wednesday. The brokerage presently has a $16.00 price target on the bank’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 10.34% from the company’s previous close.

According to Zacks, “On the NYSE, shares of Deutsche Bank have underperformed the industry, over the past six months. The bank’s profitability remains threatened by a stressed operating environment and sluggish growth of the European economy. Also, margins continue to remain under pressure owing to low interest rates. Further, litigation issues related to past misconducts continue and legal costs might deter bottom-line growth. However, Deutsche Bank’s efforts to improve financials by offloading unprofitable businesses and reducing expenses are encouraging. Also, the newly appointed chief executive officer remains confident of staging a turnaround fast through improvement in all the business segments.”

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Other equities analysts also recently issued research reports about the stock. DZ Bank reaffirmed a “buy” rating on shares of Deutsche Bank in a research note on Wednesday, April 4th. HSBC downgraded shares of Deutsche Bank from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Citigroup reaffirmed a “sell” rating on shares of Deutsche Bank in a research note on Tuesday, December 19th. ValuEngine downgraded shares of Deutsche Bank from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. Finally, Bank of America upgraded shares of Deutsche Bank from an “underperform” rating to a “neutral” rating in a report on Monday, February 19th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. Deutsche Bank currently has an average rating of “Hold” and a consensus price target of $17.41.

Shares of NYSE DB traded up $0.12 on Wednesday, reaching $14.50. 1,330,705 shares of the company’s stock traded hands, compared to its average volume of 4,832,813. Deutsche Bank has a 12 month low of $13.52 and a 12 month high of $20.23. The company has a market capitalization of $29,616.86, a price-to-earnings ratio of -24.17 and a beta of 1.44. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.84 and a current ratio of 0.84.

Deutsche Bank (NYSE:DB) last announced its earnings results on Friday, March 16th. The bank reported ($1.35) earnings per share for the quarter. Deutsche Bank had a negative net margin of 2.34% and a negative return on equity of 1.28%. The business had revenue of $6.72 billion for the quarter. analysts forecast that Deutsche Bank will post 1.21 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Elkfork Partners LLC purchased a new stake in Deutsche Bank in the fourth quarter worth approximately $141,000. Feinberg Stephen purchased a new stake in Deutsche Bank in the fourth quarter worth approximately $1,182,208,000. Raymond James & Associates boosted its holdings in Deutsche Bank by 2.6% in the fourth quarter. Raymond James & Associates now owns 133,903 shares of the bank’s stock worth $2,548,000 after purchasing an additional 3,354 shares during the last quarter. Two Sigma Securities LLC purchased a new stake in Deutsche Bank in the fourth quarter worth approximately $244,000. Finally, Franklin Resources Inc. boosted its holdings in Deutsche Bank by 41.7% in the fourth quarter. Franklin Resources Inc. now owns 270,202 shares of the bank’s stock worth $5,147,000 after purchasing an additional 79,571 shares during the last quarter. Hedge funds and other institutional investors own 25.00% of the company’s stock.

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About Deutsche Bank

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, affluent clients, and small and medium sized corporate clients worldwide. The company's Global Markets segment offers financial markets' products, such as bonds, equities and equity-linked products, exchange-traded and over-the-counter derivatives, foreign exchange, money market instruments, and structured products.

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