Barclays lifts ING Groep N.V. [ING] price estimate. Who else is bullish?

Related

ING Groep N.V. [NYSE: ING] loss -2.40% on the last trading session, reaching $9.35 price per share at the time. The company report on July 5, 2022 that Progress on share buyback programme.


Top 5 Cheap Stocks to Own Right Now

While finding safe stocks with the potential for monster gains isn't always easy, we've found a few that could pay out well. In fact, within our report, "Top 5 Cheap Stock to Own Right Now", we have identified five stocks we believe could appreciate the most even if you just have $1,000 to invest.

Sign up here to get your free report now. .

Sponsored


Progress on share buyback programme.

ING announced today that, in line with the launch of its €380 million share buyback programme announced on 6 May 2022, the company has repurchased 3,737,250 shares during the week of 27 June 2022 up to and including 1 July 2022.

ING Groep N.V. represents 3.77 billion in outstanding shares, while the company has a total market value of $34.57 billion with the latest information. ING stock price has been found in the range of $9.30 to $9.43.

If compared to the average trading volume of 6.32M shares, ING reached a trading volume of 4834375 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about ING Groep N.V. [ING]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ING shares is $15.90 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ING stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Barclays have made an estimate for ING Groep N.V. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on March 23, 2022. The new note on the price target was released on December 02, 2021, representing the official price target for ING Groep N.V. stock.

The Average True Range (ATR) for ING Groep N.V. is set at 0.32, with the Price to Sales ratio for ING stock in the period of the last 12 months amounting to 1.62. The Price to Book ratio for the last quarter was 0.65, with the Price to Cash per share for the same quarter was set at 78.80.

Trading performance analysis for ING stock

ING Groep N.V. [ING] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.94. With this latest performance, ING shares dropped by -15.99% in over the last four-week period, additionally sinking by -34.70% over the last 6 months – not to mention a drop of -26.22% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ING stock in for the last two-week period is set at 37.49, with the RSI for the last a single of trading hit 32.94, and the three-weeks RSI is set at 40.19 for ING Groep N.V. [ING]. The present Moving Average for the last 50 days of trading for this stock 10.12, while it was recorded at 9.44 for the last single week of trading, and 12.57 for the last 200 days.

ING Groep N.V. [ING]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and ING Groep N.V. [ING] shares currently have an operating margin of +25.60. ING Groep N.V.’s Net Margin is presently recorded at +17.45.

Return on Total Capital for ING is now 2.83, given the latest momentum, and Return on Invested Capital for the company is 2.37. Return on Equity for this stock inclined to 8.80, with Return on Assets sitting at 0.51. When it comes to the capital structure of this company, ING Groep N.V. [ING] has a Total Debt to Total Equity ratio set at 372.98. Additionally, ING Total Debt to Total Capital is recorded at 78.86, with Total Debt to Total Assets ending up at 21.14. Long-Term Debt to Equity for the company is recorded at 278.22, with the Long-Term Debt to Total Capital now at 58.82.

ING Groep N.V. [ING]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ING. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for ING Groep N.V. go to 13.30%.

An analysis of insider ownership at ING Groep N.V. [ING]

There are presently around $1,376 million, or 4.00% of ING stock, in the hands of institutional investors. The top three institutional holders of ING stocks are: FISHER ASSET MANAGEMENT, LLC with ownership of 51,706,217, which is approximately 6.733% of the company’s market cap and around 1.00% of the total institutional ownership; ARISTOTLE CAPITAL MANAGEMENT, LLC, holding 7,190,761 shares of the stock with an approximate value of $67.23 million in ING stocks shares; and BANK OF AMERICA CORP /DE/, currently with $62.52 million in ING stock with ownership of nearly -28.476% of the company’s market capitalization.

Positions in ING Groep N.V. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 166 institutional holders increased their position in ING Groep N.V. [NYSE:ING] by around 21,088,732 shares. Additionally, 134 investors decreased positions by around 13,744,226 shares, while 44 investors held positions by with 112,348,390 shares. The mentioned changes placed institutional holdings at 147,181,348 shares, according to the latest SEC report filing. ING stock had 43 new institutional investments in for a total of 3,047,800 shares, while 38 institutional investors sold positions of 4,921,958 shares during the same period.

[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]
[class^="wpforms-"]