ING Groep N.V. (NYSE:ING) finished Wednesday with an addition of $0.16 to close at $14.24, an upside of 1.14 percent. An average of 1,983,000 shares of common stock have been traded in the last five days. There was a gain of $0.19 in the past week, and it reached a new high 41 times over the past 12 months. The last 20 days have seen an average of 2,284,490 shares traded, while the 50-day average volume stands at 2,502,360.
ING stock has decreased by -2.33% in the last month. The company shares reached their 1-month lowest point of $13.87 on 08/18/23. With the stock rallying to its 52-week high on 08/10/23, shares of the company touched a low of $8.14 and a high of $14.99 in 52 weeks. It has reached a new high 18 times so far this year and achieved 17.01% or $2.07 in price. In spite of this, the price is down -5.04% from the 52-week high.
Valuation Metrics
ING Groep N.V. (ING) has a trailing price-to-earnings (P/E) ratio of 8.04. The stock’s beta is 1.59. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.14, the price-to-book (PB) ratio at 0.93.
The company has a payout ratio of 55.65%. The company’s most recent quarterly dividend payment was $0.4267 a share, representing a up of 4.05% from $0.4101 last year. Its latest increase dividend $0.0166 reported on Thursday August 3 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 2.68 and a total debt to equity ratio of 2.68 for the quarter ending December 30. Its gross profit as reported stood at $15.38 billion compared to revenue of $29.89 billion.
Earnings Surprise
The analyst consensus anticipated ING Groep N.V.’s latest quarter earnings to come in at $0.28 per share, but it turned out to be $0.31, a 10.70% surprise. At the end of the quarter ending December 30, ING Groep N.V.’s stock balance sheet showed total debt was $212.1 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at ING Groep N.V. (ING) price momentum. RSI 9-day as of the close on 23 August was 48.77%, suggesting the stock is Neutral, with historical volatility in this time frame at 19.98%.
As of today, ING’s price is $14.11 +1.35% or $0.19 from its 5-day moving average. ING is currently trading -2.13% lower than its 20-day SMA and +20.07% higher than its 100-day SMA. However, the stock’s current price level is +9.71% above the SMA50 and +36.53% above the SMA200.
The stochastic %K and %D were 26.07% and 20.18%, respectively, and the average true range (ATR) was 0.24. With the 14-day stochastic at 32.89% and the average true range at 0.24, the RSI (14) stands at 50.25%. The stock has reached 0.01 on the 9-day MACD Oscillator while the 14-day reading was at -0.18.
Analyst Ratings
Barclays upgraded ING Groep N.V. (NYSE: ING) to a an Equal weight rating in its most recent analyst report. Previously, the stock was rated as an Underweight. The consensus rating for ING Groep N.V. (ING) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ING, while 7 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 16 others rate it as a “buy”.
What is ING’s price target for the next 12 months?
Analysts predict a range of price targets between $13.63 and $22.16, with a median target of $18.04. Taking a look at these predictions, the average price target given by analysts for ING Groep N.V. (ING) stock is $17.93.
