ING Groep N.V. ADR (ING) stock forecast: Can it reach its 52-week high of $18.72

ING Groep N.V. ADR [ING] stock is trading at $15.41, up 2.12%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ING shares have gain 0.85% over the last week, with a monthly amount drifted -2.47%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

ING Groep N.V. ADR [NYSE: ING] stock has seen the most recent analyst activity on November 26, 2024, when Morgan Stanley downgraded its rating to a Equal-Weight. Previously, Barclays downgraded its rating to Equal Weight on October 22, 2024. On October 09, 2024, downgrade downgraded it’s rating to Hold. Barclays upgraded its rating to a Overweight. Barclays upgraded its rating to a Equal Weight. RBC Capital Mkts downgraded its rating to Sector Perform for this stock on December 02, 2021. In a note dated June 04, 2021, Barclays downgraded an Underweight rating on this stock.

ING Groep N.V. ADR [ING] stock has fluctuated between $12.77 and $18.72 over the past year. Currently, Wall Street analysts expect the stock to reach $22.5 within the next 12 months. ING Groep N.V. ADR [NYSE: ING] shares were valued at $15.41 at the most recent close of the market. An investor can expect a potential return of 46.01% based on the average ING price forecast.

Analyzing the ING fundamentals

ING Groep N.V. ADR [NYSE:ING] reported sales of 24.52B for the trailing twelve months, which represents a growth of 2.14%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.43%, and Net Profit Margin reading is 0.3%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.13 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.28.

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 15.35 points at the first support level, and at 15.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.51, and for the 2nd resistance point, it is at 15.60.

Ratios To Look Out For

For context, ING Groep N.V. ADR’s Current Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 1.94, the price to book ratio is 0.85.

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