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.
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.
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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