ABN AMRO Bank (OTCMKTS:AAVMY) Given Average Recommendation of “Buy” by Analysts

ABN AMRO Bank (OTCMKTS:AAVMY) has received a consensus recommendation of “Buy” from the eight research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company.

Several brokerages recently issued reports on AAVMY. Zacks Research raised ABN AMRO Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of ABN AMRO Bank in a report on Thursday, August 13th. Royal Bank Of Canada restated an “outperform” rating on shares of ABN AMRO Bank in a research note on Thursday, August 13th. Morgan Stanley restated an “overweight” rating on shares of ABN AMRO Bank in a report on Wednesday, September 2nd. Finally, ABN Amro raised shares of ABN AMRO Bank from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 2nd.

ABN AMRO Bank Stock Performance

Shares of AAVMY stock opened at $49.96 on Friday. The business’s fifty day simple moving average is $46.64 and its 200-day simple moving average is $40.09. The company has a market cap of $40.98 billion and a PE ratio of 15.42. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 2.97. ABN AMRO Bank has a 12-month low of $28.46 and a 12-month high of $50.58.

ABN AMRO Bank (OTCMKTS:AAVMY) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.13. The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.67 billion. ABN AMRO Bank had a return on equity of 9.12% and a net margin of 14.22%. Analysts expect that ABN AMRO Bank will post 3.76 earnings per share for the current fiscal year.

ABN AMRO Bank Company Profile

ABN AMRO Bank N.V. is a Netherlands-based financial institution headquartered in Amsterdam. The bank provides banking and financial services to retail, private, and corporate customers, with a primary focus on the Dutch market and selected activities in Northwest Europe.

Its services include current and savings accounts, consumer lending, mortgages, payment services, investment products, wealth management, and insurance-related solutions. For business customers, ABN AMRO offers lending, cash management, corporate finance, trade finance, capital markets, and other advisory services.