Voya Financial Receives Average Recommendation of “Buy” from Brokerages (NYSE:VOYA)
Shares of Voya Financial (NYSE:VOYA) have received an average recommendation of “Buy” from the eleven ratings firms that are covering the stock, StockRatingsNetwork reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $42.20.
A number of analysts have recently weighed in on VOYA shares. Analysts at Raymond James raised their price target on shares of Voya Financial from $41.50 to $44.00 in a research note on Thursday, July 17th. They now have an “outperform” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Voya Financial in a research note on Monday, July 14th. They now have a $45.00 price target on the stock, up previously from $43.00. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Voya Financial from $41.00 to $43.00 in a research note on Wednesday, July 9th.
Voya Financial (NYSE:VOYA) opened at 36.85 on Wednesday. Voya Financial has a 52 week low of $28.64 and a 52 week high of $37.75. The stock has a 50-day moving average of $36.59 and a 200-day moving average of $35.7. The company has a market cap of $9.382 billion and a price-to-earnings ratio of 9.03.
Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.57 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.65 by $0.08. The company had revenue of $268.00 million for the quarter, compared to the consensus estimate of $307.41 million. During the same quarter last year, the company posted $0.73 earnings per share. Analysts expect that Voya Financial will post $2.76 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.11%. The ex-dividend date is Wednesday, August 27th.
Voya Financial Inc, formerly ING U.S., Inc, is a retirement, investment and insurance company. The Company offers its products and services through a group of financial intermediaries, independent producers, affiliated advisors and dedicated sales specialists throughout the United States.
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