ABN AMRO Bank (OTCMKTS:AAVMY) Shares Gap Up – What’s Next?

ABN AMRO Bank (OTCMKTS:AAVMY) gapped up before the market opened on Tuesday. The stock had previously closed at $45.38, but opened at $48.47. ABN AMRO Bank shares last traded at $48.35, with a volume of 880 shares.

Analysts Set New Price Targets

A number of brokerages have recently commented on AAVMY. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of ABN AMRO Bank in a research note on Thursday, August 13th. Zacks Research lowered ABN AMRO Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 26th. Citigroup restated a “buy” rating on shares of ABN AMRO Bank in a research report on Friday, September 18th. Morgan Stanley reaffirmed an “overweight” rating on shares of ABN AMRO Bank in a report on Wednesday, September 2nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of ABN AMRO Bank in a research report on Thursday, August 13th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, ABN AMRO Bank currently has a consensus rating of “Moderate Buy”.

ABN AMRO Bank Trading Up 0.2%

The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 2.97. The firm has a market capitalization of $39.71 billion and a price-to-earnings ratio of 14.94. The firm’s 50-day moving average is $47.28 and its 200 day moving average is $40.67.

ABN AMRO Bank (OTCMKTS:AAVMY) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.13. The firm had revenue of $2.80 billion during 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, equities analysts predict that ABN AMRO Bank will post 3.63 earnings per share for the current fiscal year.

About ABN AMRO Bank

ABN AMRO Bank N.V. is a Dutch financial services company headquartered in Amsterdam. The modern bank was formed in 1991 through the merger of Algemene Bank Nederland and Amsterdam-Rotterdam Bank, combining institutions with longer histories in Dutch banking.

The bank serves retail, private and business clients, with the Netherlands as its primary market and additional activities in selected international markets. Its services include everyday banking and payments, savings, mortgages, consumer and business lending, wealth management, and financial services for corporate clients.

ABN AMRO operates through businesses focused on personal and business banking, wealth management, and corporate banking.