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

Shares of ABN AMRO Bank (OTCMKTS:AAVMY) have been given an average recommendation of “Moderate Buy” by the seven research firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company.

Several research analysts recently commented on AAVMY shares. Morgan Stanley reaffirmed an “overweight” rating on shares of ABN AMRO Bank in a research note on Wednesday, September 2nd. Zacks Research lowered ABN AMRO Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 26th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of ABN AMRO Bank in a report on Thursday, August 13th. Royal Bank Of Canada reiterated an “outperform” rating on shares of ABN AMRO Bank in a report on Thursday, August 13th. Finally, Citigroup reaffirmed a “buy” rating on shares of ABN AMRO Bank in a report on Friday, September 18th.

ABN AMRO Bank Stock Down 1.4%

Shares of AAVMY stock opened at $45.27 on Friday. ABN AMRO Bank has a 1 year low of $30.01 and a 1 year high of $50.63. The business’s fifty day moving average is $47.28 and its 200-day moving average is $40.61. The stock has a market cap of $37.13 billion and a PE ratio of 13.97. The company has a debt-to-equity ratio of 2.97, a quick ratio of 1.14 and a current ratio of 1.14.

ABN AMRO Bank (OTCMKTS:AAVMY) last issued its quarterly 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. ABN AMRO Bank had a net margin of 14.22% and a return on equity of 9.12%. The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.67 billion. Equities analysts expect that ABN AMRO Bank will post 3.63 earnings per share for the current fiscal year.

ABN AMRO Bank Company Profile

ABN AMRO Bank N.V. is a Dutch financial services company headquartered in Amsterdam. The modern bank was formed in 1991 through the merger of Algemene Bank Nederland and Amsterdam-Rotterdam Bank, combining institutions with longer histories in Dutch banking.

The bank serves retail, private and business clients, with the Netherlands as its primary market and additional activities in selected international markets. Its services include everyday banking and payments, savings, mortgages, consumer and business lending, wealth management, and financial services for corporate clients.

ABN AMRO operates through businesses focused on personal and business banking, wealth management, and corporate banking.