Alert: Positive Investment/Fundamental Signals (6/26/24)-ING Groep NV (NYSE: ING)

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Recent notable positive changes in fundamentals have benefitted ING Groep NV (NYSE: ING): the consensus estimate for December, 2025 increased significantly, the consensus estimate for December, 2024 increased significantly, and significant quarterly earnings acceleration occurred.

Important positive changes in ING Groep NV (NYSE: ING) investment behavior have recently occurred: its shorter term price trend turned up.

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.

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Current PriceTarget Research Rating

ING is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

ING Groep has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. ING Groep has a very high Power Rating of 88 and a very high Appreciation Score of 96, and the Highest Value Trend Rating results.

Recent Price Action

ING Groep NV (NYSE: ING) stock rose slightly by 0.06% on 6/26/24. The stock closed at $16.99. However, unusually low trading volume at 63% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months but is unchanged during the last week.

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