Voya Financial Inc. (VOYA) Reports -1.43% Fall From For 52 Week High, It’s Always Darkest Before The Dawn

Voya Financial Inc. (NYSE:VOYA) does about 1.46M shares in volume on a normal day but saw 787746 shares change hands in Friday trading. The company now has a market cap of 7.42B USD. Its current market price is $76.99, marking a decrease of -0.08% compared to the previous close of $77.05. The 52 week high reached by this stock is $78.11 whilst the lowest price level in 52 weeks is $56.20. The script in recent trading has seen the stock touch a high of $77.3999 and a low of $76.59.

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Voya Financial Inc. (VOYA) has a 20-day trading average at $71.81 and the current price is -1.43% off the 52-week high compared with 36.99% distance from its 52-week low. The 50-day simple moving average of the closing price is $66.71 and its 200-day simple moving average is $63.88. If we look at the stock’s price movements over the week, volatility stands at 1.77%, which increases to 2.29% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 71.93 to suggest the stock is overbought.

17 analysts observing the Voya Financial Inc. (VOYA) stock have set the 12-month price targets for the company’s shares at between $74.00 and $89.00. The consensus objective for the share price is $83.93, suggesting that the stock has a potential upside of 8.27% over the period. The median price target is 8.89% away from the current levels at $84.50.

FactSet Research has provided data showing that 17 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 14 analysts have rated it as a buy and 3 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Moderate Buy the stock.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 06, 2023 when JP Morgan upgraded the stock to “Overweight” and issued a price target of between $75 and $77. Piper Sandler also upgraded the stock to “Overweight” from Neutral on September 30, 2022 at a price target of $65-$70. Raymond James initiated its price target at $84.

The current price level is 7.89%, 15.89%, and 20.66% away from its SMA20, SMA50, and SMA200 respectively, with the VOYA price moving above the 50-day SMA on February 17. Voya Financial Inc. (VOYA) stock is up 3.93% over the week and 16.69% over the past month. Its price is 25.21% year-to-date and 6.35% over the past year.

The stock last released its quarterly earnings report for quarter ended 12/30/2022, with the company’s earnings per share (EPS) of $2.18 above consensus estimates by $0.63. The company’s next earnings report is expected on 05/09/2023, with forecasts estimating quarterly EPS at $1.75 and $7.98 for whole year. VOYA’s earnings per share are forecast to grow by 5.30% this year and 14.50% over next year. Expected sales for next quarter are $1.64 billion, which analysts say will come at $6.67 billion for the current fiscal year and next year at $6.99 billion. In addition, estimates put the company’s current quarterly revenue at an average of $1.62 billion.

Its 12-month price target is $84.50. To reach the target analysts have set, the stock logically needs to grow 8.27 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $74.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $89.00.

Outstanding shares total 97.90M with insiders holding 0.91% of the shares and institutional holders owning 116.70% of the company’s common stock. The company has a return on investment of 28.60% and return on equity of 11.00%. The price to earnings ratio (P/E ratio) amounts to 17.49 while the forward price to earnings ratio is 8.40. The beta has a value of 1.18. Price to book ratio is 1.84 and price to sales ratio is 1.25.

According to a U.S. Securities and Exchange Commission filing, Vanguard Windsor Funds – Vanguard has reduced its position in Voya Financial Inc. (VOYA) to 4,921,319 shares, mirroring a recent drop by -0.91%. Vanguard Windsor Funds – Vanguard dumped 45443.0 shares of Voya Financial Inc. common stock bringing its total worth to about $343.36 million at the end of recent close, SEC documents show. Vanguard Windsor Funds – Vanguard isn’t the only investment manager who changed stakes and is followed by iShares Core S&P Mid Cap ETF, which sold off 5720.0 shares to end up with 3,020,345 shares worth $210.73 million. Vanguard Total Stock Market Index raise their holdings by 0.11% in the company over the course of the most recent quarter. It now holds a 3.06% position in Voya Financial Inc. thanks to 2.97 million shares amounting to $207.41 million.

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