ING Groep N.V. ADR [ING] attracts people because of its fundamentals

The stock of ING Groep N.V. ADR (NYSE:ING) last traded at $13.26, up 4.99% from the previous session.

Data from the available sources indicates that ING Groep N.V. ADR (NYSE:ING) is covered by 24 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $21.34 and a low of $13.27, we find $17.47. Given the previous closing price of $12.63, this indicates a potential upside of 38.32 percent. ING stock price is now -1.16% away from the 50-day moving average and -0.59% away from the 200-day moving average. The market capitalization of the company currently stands at $46.44B.

In total, 7 analysts have assigned it a hold rating, and 15 have given it a buy rating. Brokers who have rated the stock have averaged $17.42 as their price target over the next twelve months.

A total of 0.00% of the company’s stock is owned by insiders.

With an opening price of $13.07 on Friday morning, ING Groep N.V. ADR (NYSE: ING) set off the trading day. During the past 12 months, ING Groep N.V. ADR has had a low of $10.20 and a high of $14.99. The fifty day moving average price for ING is $13.40 and a two-hundred day moving average price translates $13.34 for the stock.

The latest earnings results from ING Groep N.V. ADR (NYSE: ING) was released for Sep, 2023. According to the Banks – Diversified Company, earnings per share came in at $0.31, beating analysts’ expectations of $0.28 by 0.03. This compares to $0.12 EPS in the same period last year. The net profit margin was 31.07% and return on equity was 13.94% for ING. The company reported revenue of $4.38 billion for the quarter, compared to $3.83 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.4 percent.

ING Groep N.V. ADR(ING) Company Profile

ING Groep N.V., a financial institution, provides various banking products and services in the Netherlands, Belgium, Rest of Europe, North America, Latin America, Asia, and Australia. It operates in six segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, Wholesale Banking, and Corporate Line Banking. The company accepts various deposits, such as current and savings accounts. It also offers business lending products; consumer lending products, such as residential mortgage loans, term loans, and other consumer lending loans; and secured and unsecured lending services. in addition, the company provides debt capital market, working capital solutions, export finance, daily banking, treasury and risk, and corporate finance solutions; and specialized lending, debt and equity market solutions, payments and cash management, and trade and treasury services, as well as savings, investment, insurance, mortgage, and digital banking services; and SME loans. It serves individual customers, corporate clients, and financial institutions. ING Groep N.V. was founded in 1762 and is headquartered in Amsterdam, the Netherlands.

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