ABN AMRO Bank (OTCMKTS:AAVMY) Stock Now Rated “Buy” by Sell-Side Analysts

ABN AMRO Bank (OTCMKTS:AAVMY) has been assigned a consensus rating of “Buy” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company.

Several equities analysts have recently weighed in on AAVMY shares. Citigroup restated a “buy” rating on shares of ABN AMRO Bank in a research report on Friday, September 18th. Zacks Research raised shares of ABN AMRO Bank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Royal Bank Of Canada reiterated an “outperform” rating on shares of ABN AMRO Bank in a report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of ABN AMRO Bank in a report on Thursday, August 13th. Finally, Morgan Stanley reissued an “overweight” rating on shares of ABN AMRO Bank in a research note on Wednesday, September 2nd.

ABN AMRO Bank Trading Up 0.7%

Shares of AAVMY stock opened at $45.53 on Tuesday. The stock has a 50-day simple moving average of $48.16 and a 200 day simple moving average of $42.39. ABN AMRO Bank has a fifty-two week low of $28.46 and a fifty-two week high of $50.63. The stock has a market capitalization of $37.35 billion and a P/E ratio of 14.05. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 2.97.

ABN AMRO Bank (OTCMKTS:AAVMY) last released its earnings results on Wednesday, August 12th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.13. ABN AMRO Bank had a return on equity of 9.12% and a net margin of 14.22%. The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.67 billion. On average, sell-side analysts expect that ABN AMRO Bank will post 3.63 earnings per share for the current fiscal year.

About ABN AMRO Bank

ABN AMRO Bank N.V. is a Dutch financial services company headquartered in Amsterdam. The bank provides retail, private and corporate banking services, with the Netherlands as its principal market. Its offerings include current and savings accounts, mortgages, consumer lending, payment services, business financing, cash management and other financial solutions.

Through its Wealth Management business, ABN AMRO serves affluent individuals, families and institutions with investment management, financial planning and private banking services.