With over 5.78 million ING Groep N.V. ADR (ING) shares trading Tuesday and a closing price of $13.89 on the day, the dollar volume was approximately $80.3 million. The shares have shown a positive half year performance of 6.60% and its price on 11/21/23 lost nearly -0.29%. Currently, there are 3.62B common shares owned by the public and among those 3.50B shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 22 analysts who have offered their price forecasts for ING have a consensus price objective of $17.43. The analysts have set the share’s price value over the next 12 months at a high of $21.34 and a low of $13.27. The average price target is 20.31% above its recent price level and a downside to the estimated low will see the stock lose -4.67% over that period. But an upside of 34.91% will see the stock hit the forecast high price target while median target price for the stock is $17.41.
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Shares of ING Groep N.V. ADR (NYSE: ING) opened at $13.94, up $0.01 from a prior closing price of $13.93. However, the script later moved the day high at 13.97, down -0.29%. The company’s stock has a 5-day price change of 2.51% and -2.46% over the past three months. ING shares are trading 14.13% year to date (YTD), with the 12-month market performance up to 18.21% higher. It has a 12-month low price of $11.00 and touched a high of $14.99 over the same period. ING has an average intraday trading volume of 3.06 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.92%, 4.85%, and 4.40% respectively.
Institutional ownership of ING Groep N.V. ADR (NYSE: ING) shares accounts for 4.27% of the company’s 3.62B shares outstanding.
It has a market capitalization of $48.65B and a beta (3y monthly) value of 1.59. The company has a debt-to-equity ratio at 3.26. Price movements for the stock have been influenced by the stock’s volatility, which stands at 0.76% over the week and 1.28% over the month.
Analysts forecast that ING Groep N.V. ADR (ING) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $2.19 for 2024. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Earnings per share for the fiscal year are expected to increase by 103.20%, and -5.06% over the next financial year. EPS should grow at an annualized rate of 13.30% over the next five years, compared to -5.57% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 22 brokerage firm advisors rate ING Groep N.V. ADR (ING) as a “Strong Buy” at a consensus score of 1.68. Specifically, 15 Wall Street analysts polled rate the stock as a buy, while 6 of the 22 advise that investors “hold,” and 0 rated it as a “Sell.”
