ABN AMRO Bank (OTCMKTS:AAVMY) Stock Rated “Buy” by Wall Street Analysts

ABN AMRO Bank (OTCMKTS:AAVMY) has been assigned a consensus rating of “Buy” from the seven ratings firms that are covering the firm, MarketBeat.com reports. One equities research 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 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. Royal Bank Of Canada restated an “outperform” rating on shares of ABN AMRO Bank in a report on Thursday, August 13th. Zacks Research raised shares of ABN AMRO Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of ABN AMRO Bank in a research note on Thursday, August 13th. Finally, Morgan Stanley reissued an “overweight” rating on shares of ABN AMRO Bank in a research report on Wednesday, September 2nd.

ABN AMRO Bank Stock Down 1.3%

Shares of OTCMKTS:AAVMY opened at $44.92 on Tuesday. The company has a market capitalization of $36.85 billion and a PE ratio of 13.86. The company has a debt-to-equity ratio of 2.97, a current ratio of 1.14 and a quick ratio of 1.14. The business has a fifty day moving average price of $48.14 and a two-hundred day moving average price of $42.57. ABN AMRO Bank has a 1 year low of $28.46 and a 1 year high of $50.63.

ABN AMRO Bank (OTCMKTS:AAVMY) last announced its earnings results on Wednesday, August 12th. The company reported $1.05 earnings per share (EPS) for the quarter, beating 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 9.12% and a net margin of 14.22%. Analysts forecast that ABN AMRO Bank will post 3.63 earnings per share for the current year.

About ABN AMRO Bank

ABN AMRO Bank N.V. is a Netherlands-based financial institution headquartered in Amsterdam. The bank provides banking and financial services to individuals, businesses and institutional clients, with the Netherlands as its primary market and additional activities in selected European and international markets.

Its offerings include current and savings accounts, mortgages, consumer lending, payment services, investment products and personal financial advice. Through its business and corporate banking operations, ABN AMRO provides lending, cash management, trade finance, corporate finance and other banking services to small and medium-sized enterprises, larger companies and institutions.