ABN AMRO Bank (OTCMKTS:AAVMY) Shares Gap Up – Here’s Why

ABN AMRO Bank (OTCMKTS:AAVMY)’s share price gapped up prior to trading 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 changing hands.

Analysts Set New Price Targets

Several research firms have commented on AAVMY. Morgan Stanley reaffirmed an “overweight” rating on shares of ABN AMRO Bank in a report on Wednesday, September 2nd. Deutsche Bank reiterated a “hold” rating on shares of ABN AMRO Bank in a research note on Thursday, August 13th. Zacks Research cut shares of ABN AMRO Bank from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 26th. Royal Bank Of Canada restated an “outperform” rating on shares of ABN AMRO Bank in a research note on Thursday, August 13th. Finally, Citigroup reaffirmed a “buy” rating on shares of ABN AMRO Bank in a report on Friday, September 18th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, ABN AMRO Bank presently has an average rating of “Moderate Buy”.

ABN AMRO Bank Stock Down 2.0%

The stock’s fifty day moving average is $47.28 and its two-hundred day moving average is $40.79. 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 cap of $38.95 billion and a P/E ratio of 14.65.

ABN AMRO Bank (OTCMKTS:AAVMY) last announced its quarterly earnings results on Wednesday, November 11th. The company reported $1.25 EPS for the quarter, beating the consensus estimate of $1.01 by $0.24. ABN AMRO Bank had a net margin of 14.22% and a return on equity of 9.12%. The firm had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.80 billion. As a group, research analysts anticipate that ABN AMRO Bank will post 3.63 earnings per share for the current year.

ABN AMRO Bank Company Profile

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.