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

Key Points

• ABN AMRO Bank has a consensus “Buy” rating from eight analysts: six recommend buying, one rates it a strong buy, and one gives a hold rating.
• The bank beat quarterly expectations, reporting EPS of $1.05 versus the $0.92 estimate and revenue of $2.80 billion compared with the $2.67 billion consensus.
• Shares opened at $49.96, near the stock’s 52-week high of $50.58, with a market capitalization of approximately $40.98 billion and a P/E ratio of 15.42.

ABN AMRO Bank (OTCMKTS:AAVMY - Get Free Report) has received an average rating of "Buy" from the eight brokerages that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

Several analysts have issued reports on the company. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of ABN AMRO Bank in a research report on Thursday, August 13th. Morgan Stanley reiterated an "overweight" rating on shares of ABN AMRO Bank in a report on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of ABN AMRO Bank in a research report on Thursday, August 13th. Zacks Research upgraded ABN AMRO Bank from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, June 30th. Finally, Citigroup reaffirmed a "buy" rating on shares of ABN AMRO Bank in a research report on Thursday, August 13th.

ABN AMRO Bank Price Performance

ABN AMRO Bank stock opened at $49.96 on Friday. 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 stock has a market cap of $40.98 billion and a price-to-earnings ratio of 15.42. The firm has a 50-day moving average of $46.64 and a two-hundred day moving average of $40.09. ABN AMRO Bank has a 1 year low of $28.46 and a 1 year high of $50.58.

ABN AMRO Bank (OTCMKTS:AAVMY - Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported $1.05 earnings per share (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 analysts' expectations of $2.67 billion. ABN AMRO Bank had a net margin of 14.22% and a return on equity of 9.12%. On average, research analysts forecast that ABN AMRO Bank will post 3.76 earnings per share for the current year.

ABN AMRO Bank Company Profile

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.

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