ING Groep (ING) Receiving Neutral Press Coverage, Study Shows
Media headlines about ING Groep (NYSE:ING) have been trending neutral recently, according to InfoTrie. The research group identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. ING Groep earned a news impact score of 0.18 on their scale. InfoTrie also assigned media coverage about the financial services provider an news buzz score of 3 out of 10, meaning that recent media coverage is unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected ING Groep’s analysis:
- ING attracts strong demand in tough market (nasdaq.com)
- ING pulls dollar trade as brief rally fades (globalcapital.com)
- Why ING Groep NV (AMS:INGA) May Not Be As Risky Than You Think (finance.yahoo.com)
- Dutch Bank ING Names New CFO – Wall Street Journal (wsj.com)
Several equities analysts recently commented on ING shares. JPMorgan Chase & Co. downgraded ING Groep from an “overweight” rating to a “neutral” rating in a research note on Monday, September 3rd. Royal Bank of Canada reiterated a “neutral” rating on shares of ING Groep in a research note on Thursday, November 1st. Zacks Investment Research upgraded ING Groep from a “sell” rating to a “hold” rating in a research note on Tuesday, September 25th. ValuEngine upgraded ING Groep from a “strong sell” rating to a “sell” rating in a research note on Friday, November 2nd. Finally, Morgan Stanley upgraded ING Groep from an “underweight” rating to an “equal weight” rating in a research note on Friday, November 2nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $21.00.
ING Groep (NYSE:ING) last issued its earnings results on Thursday, November 1st. The financial services provider reported $0.23 earnings per share (EPS) for the quarter. ING Groep had a net margin of 24.83% and a return on equity of 9.05%. The business had revenue of $5.40 billion for the quarter. As a group, sell-side analysts expect that ING Groep will post 1.5 EPS for the current fiscal year.
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ING Groep Company Profile
ING Groep N.V., a financial institution, provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates. It operates in Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking segments. The company accepts various deposits, such as current and savings accounts; and offers business lending products, as well as consumer lending products, such as residential mortgage loans, term loans, and revolver and personal loans.
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