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

ABN AMRO Bank (OTCMKTS:AAVMY) shares gapped down before the market opened on Thursday. The stock had previously closed at $47.60, but opened at $45.03. ABN AMRO Bank shares last traded at $45.07, with a volume of 514 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have recently commented on AAVMY shares. Zacks Research raised shares of ABN AMRO Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Morgan Stanley reissued an “overweight” rating on shares of ABN AMRO Bank in a report on Wednesday, September 2nd. Citigroup reissued a “buy” rating on shares of ABN AMRO Bank in a research note on Friday, September 18th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of ABN AMRO Bank in a research note on Thursday, August 13th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of ABN AMRO Bank in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, ABN AMRO Bank presently has a consensus rating of “Buy”.

ABN AMRO Bank Price Performance

The stock’s 50-day simple moving average is $48.18 and its 200 day simple moving average is $41.75. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 2.97. The company has a market cap of $36.65 billion and a price-to-earnings ratio of 13.79.

ABN AMRO Bank (OTCMKTS:AAVMY) last posted its earnings results on Wednesday, August 12th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.13. ABN AMRO Bank had a net margin of 14.22% and a return on equity of 9.12%. The firm had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.67 billion. On average, equities research analysts anticipate that ABN AMRO Bank will post 3.63 EPS for the current fiscal year.

ABN AMRO Bank Company Profile

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.