Are Analysts Expecting A Better 2020 For ING Groep N.V. ADR (ING)?

ING Groep N.V. ADR (ING) concluded trading on 01/04/24 at a closing price of $14.44, with 3.11 million shares of worth about $44.93 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 8.57% during that period and on Thursday the price saw a loss of about -1.50%. Currently the company’s common shares owned by public are about 3.62B shares, out of which, 3.38B shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 22 analysts are covering the ING stock and their offered price forecasts bring an average price target of $16.19. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $18.10 and could fall to a lowest price of $12.50. The stock’s current price level is 17.01% above of average price target set by the analysts, while a rise to estimated low would result in loss of -15.52% for the stock. However, touching the estimated high of $18.10 would mean a gain of 20.22% for the stock.

ING Groep N.V. ADR (NYSE: ING) started trading at $14.38, below -$0.28 from concluding price of the previous day. Stock saw a price change of -4.94% in past 5 days and over the past one month there was a price change of 2.48%. Year-to-date (YTD), ING shares are showing a performance of -3.86% which increased to 15.15% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $11.00 but also hit the highest price of $15.22 during that period. The average intraday trading volume for ING Groep N.V. ADR shares is 3.10 million. The stock is currently trading -2.44% below its 20-day simple moving average (SMA20), while that difference is up 3.60% for SMA50 and it goes to 7.34% higher than SMA200.

ING Groep N.V. ADR (NYSE: ING) currently have 3.62B outstanding shares and institutions hold larger chunk of about 4.42% of that.

The stock has a current market capitalization of $48.83B and its 3Y-monthly beta is at 1.61. It has a debt-to-equity ratio of 3.26. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ING, volatility over the week remained 1.10% while standing at 1.05% over the month.

Analysts are in expectations that ING Groep N.V. ADR (ING) stock would likely to be making an EPS of $United States Natural Gas Fund in the current quarter, while forecast for next quarter EPS is $5.77 and it is $ETF for next year. For the current quarter EPS, analysts have given the company a lowest target $Cingulate Inc. which is $Cheniere Energy, Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Iamgold Corporation in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 108.39% while it is estimated to decrease by -5.92% in next year. EPS is likely to grow at an annualized rate of 13.30% for next 5-years, compared to annual growth of -5.57% made by the stock over the past 5-years.

Analysts at 22 brokerage firms have issued recommendations for the ING Groep N.V. ADR (ING)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.86. Out of those 22 Wall Street analysts, 14 recommended a “Buy” rating, while 6 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.

Most Popular

Related Posts