Investors are poised to add ING Groep N.V. ADR (ING) Stock to their long term portfolios

At the time of writing, ING Groep N.V. ADR [ING] stock is trading at $16.26, up 1.06%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ING shares have gain 2.85% over the last week, with a monthly amount glided 18.25%, and seem to be holding up well over a long-time horizon.

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On 8, March 2024, ING files 2023 Annual Report on Form 20-F. In a post published today on Yahoo Finance, ING files 2023 Annual Report on Form 20-F.

From an analyst’s perspective:

ING Groep N.V. ADR [NYSE: ING] stock has seen the most recent analyst activity on March 23, 2022, when Barclays upgraded its rating to a Equal Weight. Previously, RBC Capital Mkts downgraded its rating to Sector Perform on December 02, 2021. On June 04, 2021, downgrade downgraded it’s rating to Underweight. Morgan Stanley upgraded its rating to a Overweight. Credit Suisse upgraded its rating to a Outperform. Barclays upgraded its rating to Equal Weight for this stock on October 23, 2019. In a note dated August 02, 2019, Exane BNP Paribas downgraded an Neutral rating on this stock.

For the past year, the stock price of ING Groep N.V. ADR fluctuated between $11.31 and $16.26. ING Groep N.V. ADR [NYSE: ING] shares were valued at $16.26 at the most recent close of the market.

Analyzing the ING fundamentals

According to ING Groep N.V. ADR [NYSE:ING], the company’s sales were 24.41B for trailing twelve months, which represents an 17.14% jump. Gross Profit Margin for this corporation currently stands at 0.99% with Operating Profit Margin at 0.36%, Pretax Profit Margin comes in at 0.47%, and Net Profit Margin reading is 0.32%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.14 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.15.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 16.18 points at the first support level, and at 16.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.31, and for the 2nd resistance point, it is at 16.35.

Ratios To Look Out For

It is important to note that ING Groep N.V. ADR [NYSE:ING] has a current ratio of 0.23. Considering the valuation of this stock, the price to sales ratio is 2.21, the price to book ratio is 0.90.

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