Deutsche Bank (DB) Stock Rating Reaffirmed by DZ Bank

Deutsche Bank (NYSE:DB)‘s stock had its “buy” rating reiterated by equities research analysts at DZ Bank in a research note issued on Thursday.

A number of other research firms have also issued reports on DB. Zacks Investment Research lowered shares of Deutsche Bank from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. lowered shares of Deutsche Bank from a “hold” rating to a “reduce” rating in a research report on Friday, August 11th. BidaskClub lowered shares of Deutsche Bank from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. Macquarie downgraded Deutsche Bank from a “neutral” rating to an “underperform” rating in a report on Tuesday, August 15th. Finally, Keefe, Bruyette & Woods downgraded Deutsche Bank from an “outperform” rating to a “market perform” rating in a report on Thursday, August 31st. Five investment analysts have rated the stock with a sell rating, six have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Deutsche Bank has an average rating of “Hold” and an average target price of $19.26.

Deutsche Bank (NYSE DB) traded down $0.26 during trading hours on Thursday, hitting $18.50. 2,881,800 shares of the stock traded hands, compared to its average volume of 5,231,077. Deutsche Bank has a one year low of $15.59 and a one year high of $20.94. The company has a market cap of $38,772.66, a price-to-earnings ratio of 12.59 and a beta of 1.43. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.84 and a current ratio of 0.84.

Several institutional investors have recently made changes to their positions in the company. AXA raised its holdings in shares of Deutsche Bank by 4.4% in the third quarter. AXA now owns 576,380 shares of the bank’s stock valued at $9,960,000 after buying an additional 24,508 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in Deutsche Bank by 185.5% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 55,750 shares of the bank’s stock worth $963,000 after purchasing an additional 36,224 shares during the last quarter. First Republic Investment Management Inc. acquired a new position in shares of Deutsche Bank during the 3rd quarter worth about $180,000. Caisse DE Depot ET Placement DU Quebec acquired a new position in shares of Deutsche Bank during the 3rd quarter worth about $1,538,000. Finally, Engineers Gate Manager LP acquired a new position in shares of Deutsche Bank during the 3rd quarter worth about $5,262,000. Institutional investors and hedge funds own 20.92% of the company’s stock.

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