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

ABN AMRO Bank (OTCMKTS:AAVMY – Get Free Report)’s stock price 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

Several analysts have commented on the stock. 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. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of ABN AMRO Bank in a research report on Thursday, August 13th. Morgan Stanley reissued an “overweight” rating on shares of ABN AMRO Bank in a research note on Wednesday, September 2nd. Citigroup restated a “buy” rating on shares of ABN AMRO Bank in a research note on Friday, September 18th. Finally, Royal Bank Of Canada restated an “outperform” 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 MarketBeat, the stock presently has a consensus rating of “Buy”.

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ABN AMRO Bank Stock Up 1.3%

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 business’s 50 day moving average is $47.85 and its 200-day moving average is $41.32. The stock has a market cap of $38.79 billion and a price-to-earnings ratio of 14.60.

ABN AMRO Bank (OTCMKTS:AAVMY – Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $1.05 EPS for the quarter, topping the consensus estimate 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 company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.67 billion. On average, sell-side analysts predict that ABN AMRO Bank will post 3.76 EPS for the current fiscal 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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