Deutsche Bank Aktiengesellschaft (NYSE: DB) stock jumped 1.03% on Friday to $8.82 against a previous-day closing price of $8.73. With 4.33 million shares changed hands, the volume of the stock remained lighter than its average volume of 5.07 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $8.83 whereas the lowest price it dropped to was $8.71. The 52-week range on DB shows that it touched its highest point at $16.70 and its lowest point at $7.54 during that stretch. It currently has a 1-year price target of $11.43. With its current market cap of 17.81 billion, DB has annualized dividend of $0.21 while the current yield stands at 2.39%. Beta for the stock currently stands at 1.37.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DB was up-trending over the past week, with a rise of 2.32%, but this was up by 10.94% over a month. Three-month performance dropped to -17.11% while six-month performance fell -38.79%. The stock lost -28.41% in the past year, while it has lost -29.44% so far this year. A look at the trailing 12-month EPS for DB yields 1.20 with Next year EPS estimates of 1.70. For the next quarter, that number is 0.39. This implies an EPS growth rate of 62.00% for this year and 14.60% for next year. EPS is expected to grow by 1.01% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 23.40%.
Float and Shares Shorts:
At present, 2.08 billion DB shares are outstanding with a float of 1.95 billion shares on hand for trading. On Jul 14, 2022, short shares totaled 18.19 million, which was 0.88% higher than short shares on Jun 14, 2022. In addition to Mr. Christian Sewing as the firm’s CEO & Chairman of Management Board, Mr. Karl von Rohr serves as its Pres & Deputy Chairman of the Management Board.
Through their ownership of 38.72% of DB’s outstanding shares, institutional investors have minority control over the company. Other institutions hold — of DB, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 2.35% stake in DB, the Government Pension Fund – Global is the largest stakeholder. A total of 48,483,284 shares are owned by the mutual fund manager. The Vanguard Total International Stoc, which owns about 1.27% of DB stock, is the second-largest Mutual Fund holder. It holds 26,342,149 shares valued at 230.23 million. Vanguard Developed Markets Index holds 0.71% of the stake in DB, owning 14,701,906 shares worth 128.49 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DB since 19 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 8 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With DB analysts setting a high price target of $20.34 and a low target of $8.83, the average target price over the next 12 months is $12.80. Based on these targets, DB could surge 130.61% to reach the target high and rise by 0.11% to reach the target low. Reaching the average price target will result in a growth of 45.12% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. DB will report FY 2022 earnings on 02/02/2023. Analysts have provided yearly estimates in a range of $1.95 being high and $1.30 being low. For DB, this leads to a yearly average estimate of $1.67. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Deutsche Bank Aktiengesellschaft surprised analysts by $0.09 when it reported $0.55 EPS against a consensus estimate of $0.45. The surprise factor in the prior quarter was $0.02. Based on analyst estimates, the high estimate for the next quarter is $0.50 and the low estimate is $0.34. The average estimate for the next quarter is thus $0.42.
Summary of Insider Activity:
Insiders traded DB stock several times over the past three months with 3 Buys and 0 Sells. In these transactions, 7,569 shares were bought while 0 shares were sold. The number of buy transactions has increased to 23 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 281,979 while 0 shares were sold.