10 January 2020 08:36
Big changes are happening at Voya Financial, Inc. (NYSE:VOYA), which makes the stock worth watching today. The company is among the top gainers of the stock market today, skyrocketing 4.79% or (2.83 points) to $61.97 from its previous close of $59.14. VOYA shares had a relatively better volume day versus average trading capacity of 962.76 thousand shares, but with a 0.13 billion float and a -3.02% run over a week, it's definitely worth keeping an eye on. The one year price forecast for VOYA stock indicates that the average analyst price target is $66.38 per share.
This means the stock has a potential increase of 7.12% from where the VOYA share price has been trading recently. During the recent trading session for Voya Financial, Inc. (NYSE:VOYA), the company witnessed their stock rise $0.24 over a week and surge $3.56 from the price 20 days ago. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to. Looking at the current readings for Voya Financial, Inc., the two-week RSI stands at 64.76. This figure suggests that VOYA stock, for now, is neutral, meaning that the shares are stable in terms of price movement. This figure means that VOYA share price today is being neutral. Technical chart claims that Voya Financial, Inc. However, if the stock price goes below the $58.77 mark, then the market for Voya Financial, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $58.39 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.32. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Analysts at Goldman raised their recommendation on shares of VOYA from Neutral to Buy in their opinion released on January 08. Goldman, analysts launched coverage of Voya Financial, Inc. (NYSE:VOYA) stock with a Neutral recommendation, according to their flash note issued to investors on June 20. VOYA equity has an average rating of 2.07, with the figure leaning towards a bullish end. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 8 analysts rated Voya Financial, Inc. (NYSE:VOYA) as a buy or a strong buy while 1 advised that investors should desist from purchasing the stock or sell them if they already own the company's stock. Moving on, VOYA stock price is currently trading at 9.67X forward 12-month Consensus EPS estimates, and its P/E ratio is 14.9 while for the average stock in the same group, the multiple is 40.6. Voya Financial, Inc. current P/B ratio of 0.8 means it is trading at a discount against its industry's 2.5. Voya Financial, Inc. (VOYA)'s current-quarter revenues are projected to climb by nearly -0.1% to hit $314800, based on current consensus estimate. At the other end of the current quarter income statement, Voya Financial, Inc. is expected to see its adjusted earnings surge by roughly -3% to hit $1.28 per share. For the fiscal year, VOYA's earnings are projected to climb by roughly 16.6% to hit $4.71 per share.