ING Groep N.V. (ING) Analysts’ Calls on ING Stock Conflict

Analysts at JP Morgan cut their rating on shares of ING Groep N.V. (NYSE:ING) from Overweight to Neutral in their opinion released on September 04. Goldman analysts bumped their recommendation on ING stock from Neutral to Buy in a separate flash note to investors on September 06. Analysts at HSBC Securities downgraded the stock to a Hold call from its previous Buy stance, in a research note that dated back to May 31.

ING Groep N.V. (ING) is expected to jump by 66.52 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $19.4-month high price target. This represents a whopping 67.39 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $15.94, which represents a return potential of 37.53 percent when compared to the closing price of the stock of $11.59 on Thursday, December 06. The lowest price target for the stock is $13.68 — slightly more than 18.03 percent from ING’s current share price.

The shares are currently floating around the first support level of $11.44. Below this, the next support is placed in the zone of $11.3. Till the time, the ING stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 37.11 on daily chart, which may remain a cause for comfort. If the price breaks below $11.3 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $11.69 mark may result into a pull-back move towards $11.8 level.

ING shares dropped -0.34 points or -2.85 percent on Thursday to $11.59 with a heavy trade volume of 4.502 million shares. After opening the session at $11.63, the shares went as high as $11.65 and as low as $11.4, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $45.9 billion and now has 3.96 billion shares outstanding. ING Groep N.V. (ING) stock has lost -9.66 percent of market value in 21 trading days.

ING stock has a trailing 3-year beta of 1.24, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $1.53 a share in the trailing twelve months. The stock’s value has fallen -37.22 percent year to date (YTD) against a decline of -35.14 percent in 12 month’s time. The company’s shares still trade -43.68 percent away from its 1-year high of $20.58 and 1.05 percent up from 52-week low of $11.47. The average consensus rating on the company is 1, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.

Shares of ING Groep N.V. (ING) are trading at a P/E ratio of 13.27 times earnings reported for the past 12 months. The industry ING operates in has an average P/E of 19.02. Its P/E ratio went as low as 10.1X and as high as 21.68 over the 5-year span. Further, it is sporting a 1.15 on the Price-to-Sales ratio. Compare this with the industry average P/S of 5.73. 0 percent is the gross profit margin for ING Groep N.V. and operating margin sits at 34.5 percent. Along with this, the net profit margin is 13.3 percent.