Visa (V) PT Raised to $163.00

Visa (NYSE:V) had its price target hoisted by equities research analysts at Bank of America from $155.00 to $163.00 in a report issued on Monday. The firm currently has a “buy” rating on the credit-card processor’s stock. Bank of America’s price objective suggests a potential upside of 15.80% from the stock’s previous close.

A number of other research firms also recently commented on V. Zacks Investment Research downgraded shares of Visa from a “buy” rating to a “hold” rating in a report on Wednesday, August 1st. Cantor Fitzgerald raised their price objective on shares of Visa to $160.00 and gave the stock an “overweight” rating in a report on Thursday, July 26th. Loop Capital raised their price objective on shares of Visa to $157.00 and gave the stock a “buy” rating in a report on Thursday, July 26th. They noted that the move was a valuation call. Buckingham Research raised their price objective on shares of Visa from $152.00 to $169.00 and gave the stock a “buy” rating in a report on Tuesday, June 26th. Finally, Wells Fargo & Co raised their price objective on shares of Visa from $143.00 to $155.00 and gave the stock an “outperform” rating in a report on Thursday, July 12th. Three equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. Visa has a consensus rating of “Buy” and a consensus target price of $147.87.

NYSE V opened at $140.76 on Monday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $284.25 billion, a price-to-earnings ratio of 40.45, a P/E/G ratio of 1.78 and a beta of 1.06. Visa has a 52-week low of $101.94 and a 52-week high of $143.14.



Visa (NYSE:V) last posted its quarterly earnings results on Wednesday, July 25th. The credit-card processor reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.11. The company had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.09 billion. Visa had a net margin of 47.91% and a return on equity of 36.09%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period last year, the business posted $0.86 EPS. research analysts forecast that Visa will post 4.56 EPS for the current fiscal year.

In other Visa news, SVP James H. Hoffmeister sold 6,912 shares of the firm’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $140.01, for a total value of $967,749.12. Following the completion of the sale, the senior vice president now owns 6,912 shares in the company, valued at approximately $967,749.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Vasant M. Prabhu sold 25,064 shares of the firm’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $140.56, for a total transaction of $3,522,995.84. Following the completion of the sale, the chief financial officer now owns 58,232 shares of the company’s stock, valued at approximately $8,185,089.92. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Stifel Financial Corp increased its position in Visa by 2.6% in the 1st quarter. Stifel Financial Corp now owns 1,866,738 shares of the credit-card processor’s stock valued at $223,368,000 after acquiring an additional 47,939 shares in the last quarter. Robecosam AG grew its position in shares of Visa by 17.8% during the 4th quarter. Robecosam AG now owns 9,562 shares of the credit-card processor’s stock worth $1,093,000 after buying an additional 1,445 shares during the period. 6 Meridian acquired a new stake in shares of Visa during the 1st quarter worth approximately $6,393,000. Financial Advocates Investment Management grew its position in shares of Visa by 29.0% during the 1st quarter. Financial Advocates Investment Management now owns 25,224 shares of the credit-card processor’s stock worth $3,017,000 after buying an additional 5,672 shares during the period. Finally, Matthew Goff Investment Advisor LLC grew its position in shares of Visa by 5.8% during the 1st quarter. Matthew Goff Investment Advisor LLC now owns 55,808 shares of the credit-card processor’s stock worth $6,676,000 after buying an additional 3,069 shares during the period. Hedge funds and other institutional investors own 80.28% of the company’s stock.

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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