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ING Groep NV (ING-N)
NYSE:ING
20.19
0.41
(2.07%) 1d
Financials
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ING Groep NV has recently seen significant attention from analysts, with varied perspectives on its performance. The company has experienced a notable increase in stock value, with a top pick rating reflected in multiple reviews, including an increase of 6.3% as of August 2024 and 25% gains prior. Despite these positives, there are concerns regarding the overall banking landscape in Europe, with a recommendation to focus on stronger U.S. and Canadian banks instead. ING's management has updated guidance to reflect better-than-expected second quarter results, leveraging cash reserves to reduce debt, while its stock trades at a reasonable earnings multiple. Analysts suggest maintaining a disciplined approach to investments, adjusting stop-loss levels as necessary.
He sold recently on valuation. Banks in the U.S. and Canada are more attractive than the European ones where the situation is much tougher.
As management just boosted its income guidance after 2nd quarter results beat expectations with strong results in retail and wholesale divisions, we reiterate ING as a TOP PICK. The company is prudently using some cash reserves to aggressively retire debt. It trades at 8x earnings and right at book value. We recommend maintaining a tight stop at $15.50, looking to achieve $20.00 -- upside potential of 19%. Yield 6.6%
(Analysts’ price target is $19.84)Pure retail. Long-term holding. Trades at 10x earnings. Healthy dividend with excellent ongoing growth. Totally clean balance sheet, under-levered, room for growth. Great opportunity to participate in Europe.
Challenge is that 30 year mortgage option doesn't leave lots of room for profits. That said, is a well run business. Would hold shares. Better names to invest in. More upside in USA.
With recently reported earnings showing income up 32% over the year, we reiterate ING as a TOP PICK. It trades at 8x earnings, under book value and supports a ROE of 29%. Its dividend is backed by a payout ratio under 35% of cash flow. It added over 11 billion euros in new deposits and their customer base continue to grow. We continue to recommend a stop at $12.50, with upside to $19.00 -- potential of 38%. Yield 4.3%
(Analysts’ price target is $19.14)Pure retail bank. Restructuring post financial crisis. Very cheap valuation. Healthy dividend yield. Lots of share buybacks coming soon. Expecting share price to rise. Would recommend buying given current valuation.
We reiterate ING as a TOP PICK. Their share buyback program has achieved almost 90% of its target. It trades at 8x earnings, under book value and supports a ROE of 14% (good for a bank). It pays a nice dividend, backed by a payout ratio under 35% of cash flow. It has been prudently using some cash reserves to aggressively retire debt and buy back shares. We continue to recommend a stop at $12.50, looking to achieve $19 -- upside potential of 35%. Yield 5.3%
(Analysts’ price target is $19.62)It is a great company and has been very innovative. It sold off many assets during 2008, is well run, and should continue well. It is primarily a retail and commercial bank. There are other opportunities in Europe but don't sell this one.
Pure retail bank in the Netherlands, Germany, and Belgium. In a mess after the financial crisis. Over-capitalized, extremely well run, boring, profitable. Buying back shares. Best-run European bank. Yield is 5.5%.
(Analysts’ price target is $18.33)This Netherlands based global bank trades below book value and supports a 25% ROE. Higher interest rates are helping its bottom line, which has allowed the company to initiate a share buyback program, while it has also retired debt aggressively. It is paying a good yield, backed by a payout ratio under 50% of cash flow. We recommend placing a stop-loss at $12.50, looking to achieve $18.00 -- upside potential of 20%. Yield 4.0%
(Analysts’ price target is $18.35)
ING Groep NV(ING-N) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 4
Neutral - Hold Signals / Votes : 4
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 8
ING Groep NV(ING-N) Frequently Asked Questions
What is ING Groep NV stock symbol?
ING Groep NV is a American stock, trading under the symbol ING-N on the New York Stock Exchange (ING). It is usually referred to as NYSE:ING or ING-N
Is ING Groep NV a buy or a sell?
In the last year, 8 stock analysts published opinions about ING-N. 4 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for ING Groep NV.
Is ING Groep NV a good investment or a top pick?
ING Groep NV was recommended as a Top Pick by on . Read the latest stock experts ratings for ING Groep NV.
Why is ING Groep NV stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is ING Groep NV worth watching?
8 stock analysts on Stockchase covered ING Groep NV In the last year. It is a trending stock that is worth watching.
What is ING Groep NV stock price?
On 2025-03-14, ING Groep NV (ING-N) stock closed at a price of $20.19.
Our PAST TOP PICK with ING has triggered its stop at $15.50. To remain disciplined, we recommend covering the position at this time.