ABN AMRO Bank (OTCMKTS:AAVMY) Receives Consensus Rating of "Buy" from Brokerages

Key Points

• ABN AMRO Bank has a consensus “Buy” rating from eight analysts: six rate it Buy, one Strong Buy, and one Hold. Recent actions included upgrades from Zacks Research and ABN Amro.
• The bank reported quarterly EPS of $1.05, beating the $0.92 consensus estimate, while revenue of $2.80 billion also exceeded expectations of $2.67 billion.
• Shares opened at $47.93, near the 52-week high of $48.66, with a market capitalization of approximately $39.45 billion and a price-to-earnings ratio of 14.79.

Shares of ABN AMRO Bank (OTCMKTS:AAVMY - Get Free Report) have earned a consensus recommendation of "Buy" from the eight research firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

AAVMY has been the subject of a number of research analyst reports. Zacks Research upgraded shares of ABN AMRO Bank from a "hold" rating to a "strong-buy" rating in a report on Tuesday, June 30th. ABN Amro raised shares of ABN AMRO Bank from a "neutral" rating to a "buy" rating in a research note on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of ABN AMRO Bank in a research note on Thursday, August 13th. Royal Bank Of Canada reissued an "outperform" rating on shares of ABN AMRO Bank in a research report on Thursday, August 13th. Finally, Morgan Stanley restated an "overweight" rating on shares of ABN AMRO Bank in a report on Thursday, August 13th.

ABN AMRO Bank Stock Performance

ABN AMRO Bank stock opened at $47.93 on Monday. The company's 50-day moving average price is $44.22 and its 200-day moving average price is $38.22. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 2.95. The company has a market cap of $39.45 billion and a PE ratio of 14.79. ABN AMRO Bank has a twelve month low of $28.42 and a twelve month high of $48.66.

ABN AMRO Bank (OTCMKTS:AAVMY - Get Free Report) last issued its quarterly 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 9.16% and a net margin of 14.22%.The company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.67 billion. On average, equities research analysts forecast that ABN AMRO Bank will post 3.42 EPS for the current fiscal year.

ABN AMRO Bank Company Profile

ABN AMRO Bank N.V. is a leading Dutch banking institution headquartered in Amsterdam. The bank traces its origins to the 1991 merger of Algemene Bank Nederland and AMRO Bank, forming one of the Netherlands’ largest financial services providers. Over the decades, ABN AMRO has developed a comprehensive portfolio of banking and financial solutions, positioning itself as a key player in both domestic and international markets.

The bank operates across several core segments, including retail banking, private banking, commercial banking, and corporate & institutional banking.

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