ABN AMRO Bank (OTCMKTS:AAVMY) Receives Average Rating of “Buy” from Analysts

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

Several analysts have commented on the stock. Morgan Stanley reissued an “overweight” rating on shares of ABN AMRO Bank in a research report on Thursday, August 13th. Citigroup reaffirmed a “buy” rating on shares of ABN AMRO Bank in a research report on Thursday, August 13th. ABN Amro upgraded shares of ABN AMRO Bank from a “neutral” rating to a “buy” rating in a research note on Tuesday, June 2nd. Royal Bank Of Canada reissued an “outperform” rating on shares of ABN AMRO Bank in a research report on Thursday, August 13th. Finally, Zacks Research upgraded shares of ABN AMRO Bank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th.

ABN AMRO Bank Trading Up 1.3%

Shares of OTCMKTS:AAVMY opened at $48.17 on Monday. ABN AMRO Bank has a 12-month low of $28.46 and a 12-month high of $48.66. The business’s fifty day simple moving average is $44.78 and its 200-day simple moving average is $38.58. The company has a market capitalization of $39.51 billion and a PE ratio of 14.87. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 2.95.

ABN AMRO Bank (OTCMKTS:AAVMY) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $1.05 earnings per share 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 firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.67 billion. As a group, equities research analysts predict that ABN AMRO Bank will post 3.42 earnings per share for the current fiscal year.

About ABN AMRO Bank

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.