Deutsche Bank Aktiengesellschaft (NYSE:DB) has been downgraded by BofA/Merrill on August 13 which now rates the stock as Underperform compared with Neutral rating suggested in the past. Analysts at Morgan Stanley, shed their positive views on August 10 by lowering it fromEqual-Weight to Underweight. The stock lost favor of RBC Capital Mkts analysts who expressed their lack of confidence in it using a downgrade from Sector Perform to Underperform on June 01.
Deutsche Bank Aktiengesellschaft (DB) hit an intraday high Monday at $9.5. The shares finished at $9.39, after trading as low as $9.38 earlier in the session. It rose 2.51% in recent trade and currently has a stock-market value of $19.99B. Trading activity significantly improved as the volume at ready counter increased to 5,599,146 shares versus 4,854,300 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 5,102,048 shares. The stock is now 3.19% above against its bear-market low of $9.1 on November 30, 2018. It has retreated -115.44% since it’s 52-week high of $20.23 reached in December. Now the market price is down -50.53% on the year and down -50.66% YTD.
DB’s 50 day simple moving average (SMA 50) price is $10.46 and its 200-day simple moving average (SMA 200) price is $12.27. The company’s stock currently has a total float of 1.78B shares. Its weekly volatility is hovering around 1.82% and felt 1.96% volatility in price over a month. On the upside, the share price will test short term resistance at around $9.47. On a downside, the stock is likely to find some support, which begins at $9.35. The failure to get near-term support could push it to $9.3.
Wall Street’s most bullish Deutsche Bank Aktiengesellschaft (NYSE:DB) analysts are predicting the share price to blow past $13.8 per share during the next 12 months. The current median share price forecast by them is $10.38, suggesting that the stock could increase 10.54% in that time frame. The average price target of $10.59 calls for a nearly 12.78% increase in the stock price.
Moreover, it trades for 11.51 times the next 12 months of expected earnings. Also, it is trading at rather inexpensive levels at just over 0.26x price/book and 0.69x price/sales. Compared to others, Deutsche Bank Aktiengesellschaft is in a different league with regards to profitability, having net margins of 2.1%. To put some perspective around this, the industry’s average net margin is 33.03%. DB’s ROE is 0.8%, which is also considerably worse than the industry’s ROE of 16.94%.
Shares of Deutsche Bank Aktiengesellschaft (DB) have gained 52% since the company’s last earnings report. DB last reported earnings on October 24, 2018 when it released Sep-18 results that receded expectations. The company raked in $0.15 per share, -99.53% change on the same period last year. That was worse than consensus for $0.22. Revenue for the recent quarter stood at $6.17 billion, down -9% on last year and below the $6.38 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $5.76 billion to $6.15 billion, which should be compared with $0 generated last year. EPS is seen in a range of 0 to $0.16, against the 0 reported a year ago.