The stock of ING Groep N.V. (NYSE:ING) increased by $0.24 on Monday to finish at $14.47, up 1.69 percent. The last five days have seen an average of 2,081,320 shares of common stock traded. 18 times new highs were reached in the current year, with a gain of $2.30. The average number of shares traded over the last 20 days was 2,370,925, while the average volume over the last 50 days totaled 2,483,376.
ING stock dropped -0.28% since last month. On 08/18/23, the company’s shares reached a one-month low of $13.87. The stock touched a high of $14.99 on 08/10/23, after rallying from a low of $8.14 in 52 weeks. The price of ING stock has risen by 18.90% or $2.30 this year, reaching a new high 18 times. Still, the stock price is down -3.50% from the 52-week high.
Valuation Metrics
ING Groep N.V. (ING) has a trailing price-to-earnings (P/E) ratio of 8.22. Beta for the stock is 1.59. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.16, the price-to-book (PB) ratio of 0.95.
Company paid $0.4267 per share in dividends, an increase of 4.05% from $0.4101 last year. A $0.0166 dividend increase was reported on Thursday August 3 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending December 30 is 2.68, and the total debt to equity ratio is 2.68. Based on annual data, it had gross profit of $15.38 billion and revenue of $29.89 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a 6.20% return on investment (ROI) in the past year.
Earnings Surprise
According to ING Groep N.V.’s quarterly financial report for the quarter that ended December 30. It was predicted that ING Groep N.V.’s quarterly earnings would be $0.31, but it ended up being $0.28, beating the consensus by 10.70%. At the end of ING Groep N.V.’s most recent quarter ended December 30, its total debt was $212.1 billion.
Technical Picture
Here’s a quick look at ING Groep N.V.’s (ING) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 59.10%, suggesting the stock is Neutral, with a 12.64% historical volatility rate.
The stochastic %K and %D were 37.04% and 31.01% respectively, while the average true range (ATR) was 0.23. Based on the 14-day stochastic reading of 53.33%, the RSI (14) reading is 56.29%. On the 9-day MACD Oscillator, the stock is at 0.12, and the 14-day reading is at 0.03.
Analyst Ratings
In its most recent analyst report, Barclays raised its rating on ING Groep N.V. (NYSE: ING) to an Equal weight. Prior to this, analysts firm rated the stock as an Underweight. Analysts have assigned ING Groep N.V. (ING) an Overweight rating. ING is a stock that is recommended for selling by 0 brokerage firms, while 7 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 16 others recommend it as a buy.
What is ING’s price target for the next 12 months?
The current consensus forecast for the stock is between $13.63 and $22.16, with a median target price of $18.04. In analyzing these forecasts, the average price target given by analysts for ING Groep N.V. (ING) is $17.93.
