DNB Bank ASA (OTCMKTS:DNBBY) upgraded to fit Zacks Investment Research

Zacks Investment Research enhanced actions of DNB Bank ASA (OTCMKTS: DNBBYGet a rating) from a sell rating to a hold rating in a report released Friday morning, Zacks.com reports.

According to Zacks, “DNB ASA is a commercial bank that provides banking products and services to individuals and businesses, primarily in Norway and abroad. The company offers savings and investment products, loans, advisory investment banking, financing services, insurance products, foreign exchange, cash management, payment and pension services as well as card services, advisory services and real estate brokerage. head office in Oslo, Norway.”

Several other brokerages also published reports on DNBBY. Morgan Stanley raised its price target on DNB Bank ASA shares from 190.00 to 203.00 in a Thursday, January 27 research note. Barclays lowered its price target on DNB Bank ASA shares from 186.00 to 181.00 and set an underweight rating for the company in a research note on Wednesday January 19. Deutsche Bank Aktiengesellschaft upgraded DNB Bank ASA shares from a hold rating to a buy rating and raised its price target for the stock from 230.00 to 250.00 in a Wednesday research note January 19. Danske upgraded DNB Bank ASA shares from a hold rating to a buy rating and set a price target of 230.00 for the company in a Wednesday, January 12 research note. Finally, JPMorgan Chase & Co. lowered its price target on DNB Bank ASA shares from 215.00 to 190.00 and set a neutral rating for the company in a Monday, March 14 research note. One analyst rated the stock with a sell rating, four issued a hold rating and five assigned the company a buy rating. According to data from MarketBeat.com, DNB Bank ASA currently has an average Hold rating and consensus target price of $194.60.

OTCMKTS: DNBBY opened at $22.51 on Friday. The company has a debt ratio of 3.17, a quick ratio of 1.81 and a current ratio of 1.49. The company has a market cap of $34.90 billion, a price-to-earnings ratio of 12.37, a growth price-to-earnings ratio of 1.28, and a beta of 1.38. DNB Bank ASA has a 52-week low of $18.78 and a 52-week high of $25.91. The company has a 50-day moving average price of $22.64 and a two-hundred-day moving average price of $23.28.

DNB Bank ASA (OTCMKTS: DNBBYGet a rating) last released its quarterly earnings data on Thursday, February 10. The company reported EPS of $0.42 for the quarter, beating Thomson Reuters consensus estimate of $0.40 by $0.02. The company posted revenue of $1.68 billion in the quarter, versus analyst estimates of $1.57 billion. DNB Bank ASA posted a net margin of 39.63% and a return on equity of 10.10%. As a group, sell-side analysts expect DNB Bank ASA to post earnings per share of 1.77 for the current year.

DNB Bank ASA Company Profile (Get a rating)

DNB Bank ASA provides financial services to individuals and businesses in Norway and internationally. The Company offers personal banking products and services, including savings and investment products; loans, such as home loans and car and consumer loans; pet, home and property, travel and personal insurance products, as well as vehicle insurance products; retirement savings products; foreign exchange and treasury activities; and internet and mobile banking, as well as cards.

Featured Articles

Get a Free Copy of Zacks Research Report on DNB Bank ASA (DNBBY)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

Analyst Recommendations for DNB Bank ASA (OTCMKTS: DNBBY)

Get news and reviews for DNB Bank ASA Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst notes for DNB Bank ASA and related companies with MarketBeat.com’s free daily email newsletter.

Comments are closed.