Shares of Visa (NYSE:V) have received a consensus rating of “Buy” from the thirty-four analysts that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $140.14.
V has been the subject of a number of research analyst reports. Wells Fargo & Co upped their price objective on shares of Visa from $143.00 to $155.00 and gave the company an “outperform” rating in a research report on Thursday. Buckingham Research upped their price objective on shares of Visa from $152.00 to $169.00 and gave the company a “buy” rating in a research report on Tuesday, June 26th. Wedbush upped their price objective on shares of Visa from $135.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, June 6th. UBS Group initiated coverage on shares of Visa in a research report on Friday, May 18th. They set a “neutral” rating and a $141.00 price objective for the company. Finally, Zacks Investment Research lowered shares of Visa from a “buy” rating to a “hold” rating in a research report on Friday, May 4th.
V stock traded up $1.75 during mid-day trading on Friday, reaching $139.90. 11,815,100 shares of the stock traded hands, compared to its average volume of 7,885,996. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.94 and a quick ratio of 1.94. Visa has a 52 week low of $95.77 and a 52 week high of $139.95. The stock has a market capitalization of $279.38 billion, a price-to-earnings ratio of 40.19, a price-to-earnings-growth ratio of 1.76 and a beta of 0.99.
Visa (NYSE:V) last released its quarterly earnings results on Wednesday, April 25th. The credit-card processor reported $1.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.10. Visa had a net margin of 48.18% and a return on equity of 33.90%. The company had revenue of $5.07 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same period in the prior year, the company earned $0.86 earnings per share. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. equities analysts expect that Visa will post 4.52 EPS for the current fiscal year.
In other news, SVP James H. Hoffmeister sold 8,423 shares of the stock in a transaction that occurred on Monday, April 30th. The shares were sold at an average price of $127.67, for a total transaction of $1,075,364.41. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Ryan Mcinerney sold 38,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 10th. The shares were sold at an average price of $131.33, for a total transaction of $5,056,205.00. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the business. Roble Belko & Company Inc raised its holdings in Visa by 220.8% in the fourth quarter. Roble Belko & Company Inc now owns 879 shares of the credit-card processor’s stock worth $100,000 after purchasing an additional 605 shares during the period. Earnest Partners LLC acquired a new stake in Visa in the fourth quarter worth $100,000. AlphaOne Investment Services LLC acquired a new stake in Visa in the fourth quarter worth $108,000. Fusion Family Wealth LLC raised its holdings in Visa by 138.8% in the fourth quarter. Fusion Family Wealth LLC now owns 955 shares of the credit-card processor’s stock worth $109,000 after purchasing an additional 555 shares during the period. Finally, Financial Gravity Companies Inc. acquired a new stake in Visa in the fourth quarter worth $112,000. 79.82% of the stock is currently owned by hedge funds and other institutional investors.
Visa Company Profile
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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