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

Shares of ABN AMRO Bank (OTCMKTS:AAVMY) have been assigned an average recommendation of “Buy” from the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company.

Several analysts have commented on the stock. Citigroup reissued a “buy” rating on shares of ABN AMRO Bank in a research report on Friday, September 18th. Morgan Stanley restated an “overweight” rating on shares of ABN AMRO Bank in a research note on Wednesday, September 2nd. Zacks Research raised ABN AMRO Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. ABN Amro raised ABN AMRO Bank from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 2nd. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of ABN AMRO Bank in a research note on Thursday, August 13th.

ABN AMRO Bank Stock Performance

Shares of OTCMKTS:AAVMY opened at $49.22 on Friday. The firm has a 50 day moving average of $47.25 and a 200 day moving average of $40.71. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 2.97. The company has a market capitalization of $40.37 billion and a price-to-earnings ratio of 15.19. ABN AMRO Bank has a 52 week low of $28.46 and a 52 week high of $50.63.

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. 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 during the quarter, compared to analyst estimates of $2.67 billion. On average, sell-side analysts predict that ABN AMRO Bank will post 3.76 earnings per share for the current fiscal 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 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.