ABN AMRO Bank (OTCMKTS:AAVMY) Shares Gap Down – Should You Sell?

by · The Markets Daily

Shares of ABN AMRO Bank (OTCMKTS:AAVMY – Get Free Report) gapped down before the market opened on Friday. The stock had previously closed at $48.48, but opened at $46.65. ABN AMRO Bank shares last traded at $46.88, with a volume of 948 shares changing hands.

Analysts Set New Price Targets

A number of research firms have commented on AAVMY. Zacks Research upgraded ABN AMRO Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Royal Bank Of Canada reiterated an “outperform” rating on shares of ABN AMRO Bank in a research report on Thursday, August 13th. Citigroup reiterated a “buy” rating on shares of ABN AMRO Bank in a report on Friday, September 18th. Morgan Stanley restated an “overweight” rating on shares of ABN AMRO Bank in a research report on Wednesday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of ABN AMRO Bank in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy”.

Get Our Latest Report on ABN AMRO Bank

ABN AMRO Bank Price Performance

The company has a 50 day moving average of $47.85 and a 200 day moving average of $41.32. The company has a debt-to-equity ratio of 2.97, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $38.79 billion and a price-to-earnings ratio of 14.60.

ABN AMRO Bank (OTCMKTS:AAVMY – Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.67 billion. As a group, equities research analysts anticipate that ABN AMRO Bank will post 3.76 EPS for the current year.

ABN AMRO Bank Company Profile

(Get Free Report)

ABN AMRO Bank N.V. is a Dutch financial services company headquartered in Amsterdam. The bank provides retail, private and corporate banking services, with the Netherlands as its principal market. Its offerings include current and savings accounts, mortgages, consumer lending, payment services, business financing, cash management and other financial solutions.

Through its Wealth Management business, ABN AMRO serves affluent individuals, families and institutions with investment management, financial planning and private banking services.

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