Shares of ING Groep NV (NYSE:ING) have earned an average rating of “Hold” from the nine analysts that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $11.15.
ING has been the topic of several research reports. JPMorgan Chase & Co. set a $69.00 target price on shares of Helmerich & Payne and gave the stock a “buy” rating in a report on Wednesday, June 5th. Barclays set a $18.00 target price on shares of Summit Materials and gave the stock a “hold” rating in a report on Friday, June 14th. Zacks Investment Research cut shares of Old Second Bancorp from a “hold” rating to a “sell” rating in a report on Friday. Royal Bank of Canada raised their target price on shares of Williams-Sonoma to $60.00 and gave the stock a “sector perform” rating in a report on Thursday, March 21st. Finally, ValuEngine cut shares of China Southern Airlines from a “hold” rating to a “sell” rating in a report on Monday, April 29th.
NYSE:ING opened at $11.72 on Tuesday. The firm’s 50 day moving average price is $11.24. ING Groep has a 52 week low of $10.21 and a 52 week high of $15.36. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.25. The stock has a market capitalization of $44.91 billion, a PE ratio of 7.15 and a beta of 1.31.
ING Groep (NYSE:ING) last issued its earnings results on Thursday, May 2nd. The financial services provider reported $0.33 earnings per share (EPS) for the quarter. ING Groep had a net margin of 25.28% and a return on equity of 8.81%. The company had revenue of $5.20 billion for the quarter. On average, sell-side analysts forecast that ING Groep will post 1.47 EPS for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisor Partners LLC raised its position in ING Groep by 4.8% in the first quarter. Advisor Partners LLC now owns 19,328 shares of the financial services provider’s stock worth $235,000 after acquiring an additional 892 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of ING Groep by 21.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 5,204 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 907 shares during the period. Enterprise Financial Services Corp raised its position in shares of ING Groep by 85.6% during the 1st quarter. Enterprise Financial Services Corp now owns 2,287 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 1,055 shares during the period. Cornerstone Advisors Inc. raised its position in shares of ING Groep by 33.7% during the 1st quarter. Cornerstone Advisors Inc. now owns 4,311 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 1,087 shares during the period. Finally, Carroll Financial Associates Inc. raised its position in shares of ING Groep by 40.4% during the 2nd quarter. Carroll Financial Associates Inc. now owns 3,780 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 1,088 shares during the period. Institutional investors and hedge funds own 3.48% of the company’s stock.
ING Groep Company Profile
ING Groep N.V., a financial institution, provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates. It operates in Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking segments. The company accepts various deposits, such as current and savings accounts; and offers business lending products, as well as consumer lending products, such as residential mortgage loans, term loans, and revolver and personal loans.
Featured Article: Rule of 72
Receive News & Ratings for ING Groep Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ING Groep and related companies with MarketBeat.com's FREE daily email newsletter.