ING Groep N.V. ADR (NYSE:ING) price on current trading day, rose 0.28% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $17.69.
A look at the stock’s price movement, the level at last check in today’s session was $17.64. Turning to its 52-week performance, $18.52 and $13.50 were the 52-week high and 52-week low respectively. Overall, ING moved 6.06% over the past month.
ING Groep N.V. ADR’s market cap currently stands at around $54.77 billion, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 1.20, with its dividend yield at 6.76%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 5.55B for the company’s revenue for the quarter, with a low and high estimate of 5.4B and 5.62B respectively. The average forecast suggests down to a -0.55% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 22.47B, representing a -0.63% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ING is a 50% Buy. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
6 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 4 recommend ING as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ING’s current price about 4.60% and 8.76% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 67.67, while 7-day volatility ratio is 1.29% and 1.19% in the 30-day chart. Further, ING Groep N.V. ADR (ING) has a beta value of 1.47, and an average true range (ATR) of 0.28. Analysts have given the company’s stock an average 52-week price target of $22.5, forecast between a low of $22.5 and high of $22.5. Looking at the price targets, the low is -27.19% off recent price level in today’s trading while to achieve the yearly target high, it has to move -27.19%. Nonetheless, investors will most likely welcome a -27.19% jump to $22.5 which is the analysts’ median price.
If we refocus on ING Groep N.V. ADR (NYSE:ING), historical trading data shows that trading volumes averaged 2.41 million over the past 3 months. The company’s latest data on shares outstanding shows there are 3.10 billion shares.
The 0.00% of ING Groep N.V. ADR’s shares are in the hands of company insiders while institutional holders own 5.55% of the company’s shares. Current price change has pushed the stock 14.10% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ING stock continues to rise going into the next quarter.
