Peeling Back The Layers: Exploring Old National Through Analyst Insights
Portfolio Pulse from Benzinga Insights
Analyst ratings for Old National (NASDAQ:ONB) show a mix of bullish to indifferent sentiments, with recent price target adjustments reflecting a slight decrease in expectations. The average 12-month price target is now $19.75, down from $20.00. Analysts from Barclays, RBC Capital, and Keefe, Bruyette & Woods have provided updates, with Barclays' Jared Shaw raising the target to $21.00. Old National's financials indicate a challenging revenue trend with a -16.48% growth over 3 months, yet strong profitability metrics like a net margin of 27.65% and ROE of 2.48%.
April 24, 2024 | 4:01 pm
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NEUTRAL IMPACT
Old National's analyst ratings range from bullish to indifferent, with a slight decrease in the average price target to $19.75. Despite a negative revenue trend, the company shows strong profitability and financial health.
The mixed analyst ratings and slight decrease in price target suggest a cautious outlook, balanced by strong profitability indicators. The negative revenue trend may concern investors, but the exceptional net margin and ROE could mitigate short-term impacts on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100