ING Groep NV (NYSE: ING) has benefited from exceptional positive changes in investment behavior: its shorter term price trend turned up, and its longer term price trend turned up.
ING Groep NV (NYSE: ING) has benefited from significant positive changes in fundamentals: significant quarterly earnings acceleration occurred, and the consensus estimate for December, 2023 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ING is expected to continue to be a major Value Builder.
ING Groep has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. ING Groep has a good Power Rating of 80 and a good Appreciation Score of 81, producing the Highest Value Trend Rating.
Recent Price Action
ING Groep NV (NYSE: ING) stock rose modestly by 0.4% on 12/1/23. The stock closed at $14.13. Moreover, this advance was accompanied by unusually high trading volume at 172% of normal. The stock has been strong relative to the market over the last nine months and has risen 2.2% during the last week.
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