Deutsche Bank Reaffirms “Buy” Rating for Voya Financial (VOYA)
Voya Financial (NYSE:VOYA)‘s stock had its “buy” rating restated by analysts at Deutsche Bank in a research report issued to clients and investors on Monday. They currently have a $45.00 price objective on the stock, up from their previous price objective of $44.00. Deutsche Bank’s price target indicates a potential upside of 17.39% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James reiterated an “outperform” rating on shares of Voya Financial in a research note on Thursday, August 7th. They now have a $42.50 price target on the stock, down previously from $44.00. Separately, analysts at RBC Capital raised their price target on shares of Voya Financial from $45.00 to $47.00 in a research note on Thursday, August 7th. They now have a “top pick” rating on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $42.15.
Shares of Voya Financial (NYSE:VOYA) traded up 0.97% during mid-day trading on Monday, hitting $38.38. 767,078 shares of the company’s stock traded hands. Voya Financial has a one year low of $28.64 and a one year high of $38.33. The stock’s 50-day moving average is $36.81 and its 200-day moving average is $35.88. The company has a market cap of $9.773 billion and a P/E ratio of 7.12.
Voya Financial (NYSE:VOYA) last announced its earnings results on Wednesday, August 6th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.13. During the same quarter in the previous year, the company posted $0.71 earnings per share. Analysts expect that Voya Financial will post $2.91 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Friday, August 29th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.10%. The ex-dividend date of this dividend 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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