ABN AMRO Bank (OTCMKTS:AAVMY) Hits New 1-Year High – Should You Buy?

ABN AMRO Bank (OTCMKTS:AAVMY)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $50.30 and last traded at $50.30, with a volume of 100 shares changing hands. The stock had previously closed at $50.0895.

Wall Street Analyst Weigh In

AAVMY has been the subject of a number of recent research reports. Morgan Stanley reiterated an “overweight” rating on shares of ABN AMRO Bank in a report on Wednesday, September 2nd. Royal Bank Of Canada restated an “outperform” rating on shares of ABN AMRO Bank in a research report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of ABN AMRO Bank in a research note on Thursday, August 13th. Zacks Research upgraded shares of ABN AMRO Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Finally, Citigroup restated a “buy” rating on shares of ABN AMRO Bank in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, ABN AMRO Bank has an average rating of “Buy”.

ABN AMRO Bank Stock Performance

The firm has a market capitalization of $40.43 billion and a P/E ratio of 15.21. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a 50-day moving average price of $45.91 and a two-hundred day moving average price of $39.42.

ABN AMRO Bank (OTCMKTS:AAVMY) last posted 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 company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.67 billion. ABN AMRO Bank had a net margin of 14.22% and a return on equity of 9.16%. On average, analysts forecast that ABN AMRO Bank will post 3.77 EPS 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.