ABN AMRO Bank (OTCMKTS:AAVMY) Reaches New 52-Week High – Time to Buy?

ABN AMRO Bank (OTCMKTS:AAVMY) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $50.63 and last traded at $50.46, with a volume of 2791 shares trading hands. The stock had previously closed at $49.79.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Morgan Stanley restated an “overweight” rating on shares of ABN AMRO Bank in a research report on Wednesday, September 2nd. ABN Amro upgraded shares of ABN AMRO Bank from a “neutral” rating to a “buy” rating in a report on Tuesday, June 2nd. Zacks Research raised shares of ABN AMRO Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of ABN AMRO Bank in a report on Thursday, August 13th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of ABN AMRO Bank in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

ABN AMRO Bank Trading Up 1.3%

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 company has a market cap of $41.37 billion and a PE ratio of 15.57. The company’s 50 day simple moving average is $46.76 and its two-hundred day simple moving average is $40.21.

ABN AMRO Bank (OTCMKTS:AAVMY) last released its quarterly earnings results on Wednesday, August 12th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.13. The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.67 billion. ABN AMRO Bank had a net margin of 14.22% and a return on equity of 9.12%. As a group, sell-side analysts anticipate that ABN AMRO Bank will post 3.76 EPS for the current fiscal 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.