Wells Fargo & Co reaffirmed their outperform rating on shares of Visa (NYSE:V) in a research report report published on Tuesday morning, The Fly reports. They currently have a $135.00 target price on the credit-card processor’s stock, up from their previous target price of $127.00.
V has been the subject of a number of other research reports. Credit Suisse Group set a $129.00 price objective on shares of Visa and gave the company a buy rating in a research report on Monday. Vetr lowered shares of Visa from a buy rating to a hold rating and set a $121.05 price objective for the company. in a research report on Monday. Barclays reaffirmed a buy rating and set a $145.00 price objective on shares of Visa in a research report on Friday, January 5th. Susquehanna Bancshares upped their price objective on shares of Visa from $126.00 to $148.00 in a research report on Thursday, December 28th. Finally, Zacks Investment Research lowered shares of Visa from a buy rating to a hold rating in a research report on Tuesday, December 26th. Four analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Visa currently has an average rating of Buy and a consensus target price of $121.32.
Visa (V) traded up $0.25 during trading on Tuesday, reaching $120.09. 5,584,783 shares of the company’s stock were exchanged, compared to its average volume of 7,014,750. The firm has a market cap of $272,150.00, a price-to-earnings ratio of 42.89, a price-to-earnings-growth ratio of 1.73 and a beta of 0.99. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.90 and a current ratio of 1.90. Visa has a 52-week low of $80.51 and a 52-week high of $120.48.
Visa (NYSE:V) last released its earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.05. The firm had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.63 billion. Visa had a net margin of 36.49% and a return on equity of 31.80%. The business’s revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.78 EPS. analysts forecast that Visa will post 4.07 earnings per share for the current year.
In other Visa news, SVP James H. Hoffmeister sold 2,146 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $112.09, for a total transaction of $240,545.14. Following the sale, the senior vice president now directly owns 687 shares of the company’s stock, valued at $77,005.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Tullier Kelly Mahon sold 49,702 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $113.66, for a total transaction of $5,649,129.32. Following the sale, the executive vice president now directly owns 76,202 shares in the company, valued at $8,661,119.32. The disclosure for this sale can be found here. Insiders sold 58,068 shares of company stock valued at $6,597,262 in the last three months. Company insiders own 0.14% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Welch Investments LLC bought a new stake in shares of Visa during the third quarter valued at approximately $101,000. Cordasco Financial Network bought a new stake in shares of Visa during the third quarter valued at approximately $105,000. Motco grew its stake in shares of Visa by 25.1% during the second quarter. Motco now owns 1,176 shares of the credit-card processor’s stock valued at $110,000 after purchasing an additional 236 shares during the last quarter. Massey Quick Simon & CO. LLC bought a new stake in shares of Visa during the third quarter valued at approximately $110,000. Finally, BDO Wealth Advisors LLC bought a new stake in shares of Visa during the second quarter valued at approximately $115,000. 81.50% of the stock is currently owned by hedge funds and other institutional investors.
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Visa Company Profile
Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.
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