Visa (V) Given a $129.00 Price Target at Credit Suisse Group

Credit Suisse Group set a $129.00 price target on Visa (NYSE:V) in a research note released on Monday morning. The brokerage currently has a buy rating on the credit-card processor’s stock.

A number of other equities research analysts also recently weighed in on the company. Cantor Fitzgerald reaffirmed a buy rating and set a $120.00 price target on shares of Visa in a research note on Wednesday, October 25th. Susquehanna Bancshares raised their price objective on Visa from $126.00 to $148.00 in a research note on Thursday, December 28th. Zacks Investment Research downgraded Visa from a buy rating to a hold rating in a research note on Tuesday, October 31st. Jefferies Group raised their price objective on Visa from $125.00 to $127.00 and gave the company a buy rating in a research note on Monday, October 30th. Finally, Wells Fargo & Co raised Visa from a market perform rating to an outperform rating and raised their price objective for the company from $107.01 to $120.00 in a research note on Tuesday, October 10th. Four equities research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $121.32.

Visa (NYSE V) traded up $0.16 on Monday, hitting $120.00. The stock had a trading volume of 3,594,515 shares, compared to its average volume of 7,014,750. Visa has a 52 week low of $80.51 and a 52 week high of $120.48. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a market cap of $271,740.00, a P/E ratio of 42.86, a PEG ratio of 1.73 and a beta of 0.99.

Visa (NYSE:V) last posted its quarterly 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. Visa had a return on equity of 31.80% and a net margin of 36.49%. The company had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.63 billion. During the same period last year, the business earned $0.78 EPS. The business’s quarterly revenue was up 13.9% on a year-over-year basis. equities 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 Visa stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $112.09, for a total value of $240,545.14. Following the transaction, the senior vice president now directly owns 687 shares of the company’s stock, valued at approximately $77,005.83. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Tullier Kelly Mahon sold 49,702 shares of Visa stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $113.66, for a total value of $5,649,129.32. Following the completion of the transaction, 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. Over the last ninety days, insiders sold 58,068 shares of company stock worth $6,597,262. Company insiders own 0.14% of the company’s stock.

Several large investors have recently made changes to their positions in V. Janus Henderson Group PLC grew its holdings in shares of Visa by 159.7% during the 2nd quarter. Janus Henderson Group PLC now owns 9,702,770 shares of the credit-card processor’s stock worth $909,979,000 after purchasing an additional 5,966,991 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Visa by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 127,020,401 shares of the credit-card processor’s stock worth $11,911,973,000 after purchasing an additional 2,628,148 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of Visa by 20.3% during the 2nd quarter. Capital Research Global Investors now owns 11,394,893 shares of the credit-card processor’s stock worth $1,068,613,000 after purchasing an additional 1,919,732 shares in the last quarter. Temasek Holdings Private Ltd grew its holdings in shares of Visa by 116.3% during the 3rd quarter. Temasek Holdings Private Ltd now owns 3,292,775 shares of the credit-card processor’s stock worth $346,532,000 after purchasing an additional 1,770,488 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Visa by 9.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 19,188,126 shares of the credit-card processor’s stock worth $2,019,358,000 after purchasing an additional 1,624,700 shares in the last quarter. 81.50% of the stock is currently owned by institutional investors.

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About Visa

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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