Visa (NYSE:V) Given New $275.00 Price Target at Mizuho

Visa (NYSE:V) had its price target boosted by stock analysts at Mizuho from $250.00 to $275.00 in a report released on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the credit-card processor’s stock. Mizuho’s target price would indicate a potential upside of 18.22% from the company’s previous close.

Several other equities analysts have also recently commented on V. Morgan Stanley boosted their target price on Visa from $258.00 to $279.00 and gave the stock an “overweight” rating in a research report on Monday. Sanford C. Bernstein initiated coverage on Visa in a report on Tuesday, January 26th. They issued an “outperform” rating and a $232.00 price objective for the company. Jefferies Financial Group upped their price objective on Visa from $260.00 to $275.00 and gave the stock a “buy” rating in a report on Tuesday. Robert W. Baird reiterated a “buy” rating and issued a $256.00 price objective on shares of Visa in a report on Sunday, April 11th. Finally, Raymond James upped their price objective on Visa from $233.00 to $268.00 and gave the stock an “outperform” rating in a report on Wednesday, April 28th. Two research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $246.32.

Visa stock opened at $232.61 on Tuesday. Visa has a 52 week low of $171.72 and a 52 week high of $237.50. The business has a 50-day simple moving average of $221.11 and a 200 day simple moving average of $210.57. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.68. The stock has a market cap of $454.13 billion, a price-to-earnings ratio of 47.67, a PEG ratio of 3.80 and a beta of 0.96.

Visa (NYSE:V) last posted its earnings results on Tuesday, April 27th. The credit-card processor reported $1.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.12. Visa had a return on equity of 37.22% and a net margin of 49.74%. The business had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $5.54 billion. During the same period in the previous year, the business earned $1.39 earnings per share. The firm’s revenue was down 2.1% on a year-over-year basis. On average, research analysts anticipate that Visa will post 5.45 earnings per share for the current year.

In other news, insider Rajat Taneja sold 31,750 shares of the stock in a transaction that occurred on Thursday, April 22nd. The stock was sold at an average price of $230.00, for a total value of $7,302,500.00. Following the completion of the transaction, the insider now owns 282,606 shares of the company’s stock, valued at approximately $64,999,380. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the stock in a transaction that occurred on Friday, April 30th. The stock was sold at an average price of $235.32, for a total value of $2,117,880.00. Following the completion of the transaction, the chief executive officer now directly owns 160,112 shares of the company’s stock, valued at approximately $37,677,555.84. The disclosure for this sale can be found here. Insiders have sold a total of 133,843 shares of company stock valued at $29,838,958 in the last ninety days. 0.19% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the company. Kinloch Capital LLC purchased a new stake in shares of Visa in the 4th quarter worth approximately $27,000. FNY Investment Advisers LLC grew its stake in shares of Visa by 129.1% in the 4th quarter. FNY Investment Advisers LLC now owns 126 shares of the credit-card processor’s stock worth $27,000 after buying an additional 71 shares during the last quarter. Horan Securities Inc. grew its stake in shares of Visa by 432.0% in the 4th quarter. Horan Securities Inc. now owns 133 shares of the credit-card processor’s stock worth $29,000 after buying an additional 108 shares during the last quarter. Cowa LLC purchased a new stake in shares of Visa in the 4th quarter worth approximately $29,000. Finally, New Capital Management LP purchased a new stake in shares of Visa in the 4th quarter worth approximately $35,000. 80.50% of the stock is owned by hedge funds and other institutional investors.

About Visa

Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

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