The Analyst Landscape: 4 Takes On Old National
Portfolio Pulse from Benzinga Insights
Old National Bancorp (NASDAQ:ONB) has been analyzed by four analysts in the last quarter, with mixed opinions ranging from bullish to bearish. The average 12-month price target is $18.25, with a high of $21.00 and a low of $16.00, marking a 7.22% decrease in the average target. Analysts from Stephens & Co., UBS, Citigroup, and Piper Sandler have adjusted their ratings and price targets. Old National, a financial services bank holding company, has shown a slight decline in revenue growth, an impressive net margin of 31.54%, a strong ROE of 2.86%, and an ROA of 0.29%, but carries a higher debt-to-equity ratio of 1.09.
January 24, 2024 | 9:00 pm
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Old National has received mixed analyst ratings with a decreased average price target. Despite a slight revenue decline, the company has strong financial health indicators such as high net margin, ROE, and ROA, but a concerning debt-to-equity ratio.
The mixed analyst ratings and decreased price target suggest uncertainty, which could lead to a neutral short-term impact on ONB's stock price. The strong financial health indicators may counterbalance the negative sentiment from the revenue decline and high debt levels, leading to a neutral score. The relevance is 100 as ONB is the primary focus of the article. The importance is set at 75, considering the significance of analyst ratings and financial health indicators for investors. The confidence level is 85, acknowledging the comprehensive data provided but also recognizing the inherent unpredictability of market reactions to analyst ratings.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100