HomeAnalyst RatingsVoya Finl Stock Gets a Downgrade from Evercore ISI Group. It's...

Voya Finl [VOYA] Stock Gets a Downgrade from Evercore ISI Group. It’s Now In-Line

Evercore ISI Group took its Voya Finl [VOYA] rating to the equivalent of In-Line from Outperform, and the price target to $64.0 from $58, in a research note dated 2021-01-08. That figure represents around a 4.66% premium from where the company’s shares closed on Thursday. Some new analysts also started their coverage, with Wells Fargo’s analysts assigning the shares to “an Overweight” rating in a research note to investors issued in mid August. Meanwhile, Barclays had launched its coverage on VOYA with “an Overweight”, in a research note produced for clients August 13, 2020. In addition, there was an upgrade from JP Morgan on April 07, 2020. The rater changed VOYA from “an Underweight” to “a Neutral”.

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Is Voya Financial Inc. [NYSE:VOYA] a Good Buy Right Now?

It should be noted that VOYA technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 96% Buy in the last week and compares with 100% Buy in the past month. Data from Voya Financial Inc.’s Trend Spotter indicated that the signals were Strengthening. The stock current average is 1.1 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 1.33 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 1.28 million shares.

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VOYA Price Performance

On Wall Street, Voya Financial Inc. [NYSE:VOYA] finished Thursday’s session up 0.18% at $61.12. The stock went up to $62.43 at the same session while its lowest single day price was $61.10. In the last five days, it saw a rise of about 4.87%, Voya Financial Inc. shares gained by almost 3.93% since the beginning of the year. However, the share price has dropped to as low as -4.22% below its one year high. On 01/07/21, the company shares recorded $62.43, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/05/21, the same year at $57.28. The company’s shares have inclined by 3.35% in the past year. The 50-day SMA achieved is $56.11 while the 200-day SMA is $49.28. Volume dropped to 1.41 million from 1.88 million in the previous session.

VOYA Stock Support And Resistance Levels

On the 24-hour scale, the immediate backing is perceived around 60.67 level, and in case of violation of this particular level, it will cause more drop to 60.22 level. On the upper level, 62.88 is still the key resistance. The stock may increase to the subsequent resistance at 62.00. The Relative Strength Index (RSI) pinned on the 14-day chart is 67.89, implying a neutral technical stance while the MACD stands at 2.20, meaning price will increase in the next trading period. Percent R indicator moved to 16.60%, implying bullish price movement. Stochastic %K at 82.81% suggest selling the stock.

What is the short interest in Voya Financial Inc.?

Short interest in the Voya Financial Inc. stock has plunged, decreasing by -0.61 million shares to total 15.43 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 14.82 million, data from Yahoo Finance shows. The increase of 3.95% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 13.80% of the overall float for the stock.

Voya Financial Inc.’s Biggest Shareholders: Who Owns Voya Financial Inc. [VOYA]?

Filings by The Vanguard Group, Inc. showed that the firm now holds a total of 10,909,320 shares or roughly 8.64% of the outstanding VOYA shares. This means their shares have reduced by -1,013,814 from the 10,909,320 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, Franklin Mutual Advisers LLC updated stake is worth $555,961,105. Details in the latest 13F filings reveal that Samlyn Capital LLC acquired their 21.67% stake valued at $354,705,619 while BlackRock Fund Advisors cut theirs at $310,900,307. During the last quarter, Samlyn Capital LLC raised 1,096,394 of its shares in Voya Financial Inc. while BlackRock Fund Advisors sold -182,710 shares. The Pzena Investment Management LLC’s holdings currently number 4,713,176 shares at $288069317.12. According to the firm’s last 13F report, Invesco Advisers, Inc. shares in the company at filing stood at 4,607,219 shares, roughly $265,514,031.

VOYA Earnings Forecast For The Current Quarter

Voya Financial Inc. [VOYA] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $1.43B and an earnings per share of $1.41 for Dec 2020. Looking further ahead, the company is expected to report revenue of $1.45B at an EPS of $1.1 for Mar 2021. The estimates represent 5.70% and 105.42% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.

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VOYA Earnings Estimates For The Current Year

For the financial year, Voya Financial Inc. [NYSE:VOYA] is expected to bring in revenue of $5.48B. In terms of EPS for the 2020, estimate put it at 2.8, lower than that of FY19 by -$0.7. Estimates put this year’s earnings growth at -20.00%, 101.80% for the next, and at an annual 23.21% over the next 5-year period.

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