Breaking Down Old National: 4 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
Analyst ratings for Old National (NASDAQ:ONB) show varied sentiments, with recent adjustments reflecting a mix of maintained and lowered stances. The average 12-month price target is now $20.0, down from $21.00, indicating a 4.76% decrease. Old National Bancorp, a financial services company with nearly $10 billion in assets, faces challenges in market capitalization and revenue growth, but excels in net margin, ROE, and ROA, despite a high debt-to-equity ratio.
April 02, 2024 | 4:01 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Old National's mixed analyst ratings and lowered price targets suggest cautious optimism. Its strong profitability metrics contrast with revenue and debt concerns, potentially affecting short-term stock performance.
The varied analyst ratings and the decrease in the average price target indicate a cautious but not entirely negative outlook for Old National. The company's strong profitability metrics, such as net margin, ROE, and ROA, suggest a solid financial foundation. However, challenges in revenue growth and a high debt-to-equity ratio could temper investor enthusiasm, leading to a neutral short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100