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Investing.com - RBC Capital has raised its price target on Voya Financial (NYSE:VOYA) to $87.00 from $80.00 while maintaining an Outperform rating on the stock. According to InvestingPro data, the company currently trades at a P/E ratio of 14.5x and shows strong financial health with a current ratio of 4.96x.
The price target adjustment follows Voya Financial’s second-quarter results, with RBC Capital highlighting favorable prior year development in stop-loss as a key positive for the quarter.
RBC Capital noted that while Voya did not repurchase any shares during the second quarter, management expects to repurchase $200 million in the second half of the year.
The financial services firm continues to favor Voya’s capital-light, high free cash flow generating business model and its organic growth opportunity, according to RBC Capital’s analysis. InvestingPro analysis reveals the company maintains a strong financial position with liquid assets exceeding short-term obligations. Get more insights and detailed analysis with InvestingPro’s comprehensive research report.
The analyst has updated estimates following the quarterly results, leading to the revised price target while maintaining the Outperform rating on Voya Financial stock. Five analysts have recently revised their earnings estimates upward for the upcoming period, reflecting growing confidence in the company’s outlook.
In other recent news, Voya Financial Inc. reported its second-quarter 2025 earnings, revealing adjusted operating earnings per share (EPS) of $2.46. This represents a 13% increase compared to the previous year. However, the EPS fell short of the forecasted $2.05, resulting in a negative surprise of 4.39%. Despite the EPS miss, Voya Financial’s revenue exceeded expectations, reaching $1.98 billion against a forecast of $1.95 billion. This revenue achievement is a positive development for the company. The earnings report highlights the company’s ability to grow its revenue even when EPS forecasts are not met. These recent developments are crucial for investors to consider. Additionally, market analysts and investors are likely to monitor the company’s future performance closely.
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