Old National Bancorp Upgraded by Zacks to “Outperform” (ONB)
Old National Bancorp (NYSE:ONB) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Friday, Analyst RN reports. The firm currently has a $16.70 price objective on the stock. Zacks‘ target price suggests a potential upside of 10.09% from the company’s current price.
ONB has been the subject of a number of other recent research reports. Analysts at Guggenheim raised their price target on shares of Old National Bancorp from $0.50 to $15.00 in a research note to investors on Friday, November 22nd. Separately, analysts at Jefferies Group cut their price target on shares of Old National Bancorp from $16.00 to $15.00 in a research note to investors on Tuesday, October 29th. They now have a “hold” rating on the stock. Finally, analysts at FIG Partners downgraded shares of Old National Bancorp from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, October 29th. They now have a $16.00 price target on the stock. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $15.17.
Old National Bancorp (NYSE:ONB) traded down 0.40% on Friday, hitting $15.11. 149,726 shares of the company’s stock traded hands. Old National Bancorp has a one year low of $11.68 and a one year high of $15.80. The stock’s 50-day moving average is $15.24 and its 200-day moving average is $14.44. The company has a market cap of $1.521 billion and a price-to-earnings ratio of 15.48.
Old National Bancorp (NYSE:ONB) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. During the same quarter in the previous year, the company posted $0.20 earnings per share.
Old National Bancorp (NYSE:ONB), is a financial holding company.
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