ABN AMRO Bank (OTCMKTS:AAVMY) Receives Consensus Recommendation of “Buy” from Analysts

Shares of ABN AMRO Bank (OTCMKTS:AAVMY) have been given a consensus rating of “Buy” by the eight brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company.

AAVMY has been the topic of several analyst reports. Citigroup reiterated a “buy” rating on shares of ABN AMRO Bank in a research note on Thursday, August 13th. Royal Bank Of Canada reissued an “outperform” rating on shares of ABN AMRO Bank in a research report on Thursday, August 13th. Zacks Research upgraded shares of ABN AMRO Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. ABN Amro raised shares of ABN AMRO Bank from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 2nd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of ABN AMRO Bank in a research note on Thursday, August 13th.

ABN AMRO Bank Price Performance

Shares of OTCMKTS AAVMY opened at $47.93 on Monday. ABN AMRO Bank has a 12-month low of $28.42 and a 12-month high of $48.66. The stock’s fifty day simple moving average is $44.22 and its two-hundred day simple moving average is $38.22. The stock has a market capitalization of $39.45 billion and a PE ratio of 14.79. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 2.95.

ABN AMRO Bank (OTCMKTS:AAVMY) last released its quarterly earnings results on Wednesday, August 12th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.92 by $0.13. The firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.67 billion. ABN AMRO Bank had a return on equity of 9.16% and a net margin of 14.22%. As a group, analysts expect that ABN AMRO Bank will post 3.42 EPS for the current fiscal year.

About ABN AMRO Bank

ABN AMRO Bank N.V. is a leading Dutch banking institution headquartered in Amsterdam. The bank traces its origins to the 1991 merger of Algemene Bank Nederland and AMRO Bank, forming one of the Netherlands’ largest financial services providers. Over the decades, ABN AMRO has developed a comprehensive portfolio of banking and financial solutions, positioning itself as a key player in both domestic and international markets.

The bank operates across several core segments, including retail banking, private banking, commercial banking, and corporate & institutional banking.