Visa Inc. (NYSE:V)‘s stock had its “outperform” rating reiterated by research analysts at Keefe, Bruyette & Woods in a research note issued on Friday. They presently have a $99.00 price target on the credit-card processor’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 20.92% from the company’s previous close.

A number of other research firms also recently issued reports on V. Sanford C. Bernstein reissued a “positive” rating and issued a $97.00 price target on shares of Visa in a research note on Tuesday, June 21st. Vetr raised shares of Visa from a “buy” rating to a “strong-buy” rating and set a $85.82 target price on the stock in a research note on Wednesday, June 22nd. Zacks Investment Research raised shares of Visa from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a research note on Friday, June 24th. Atlantic Securities raised shares of Visa from a “neutral” rating to an “overweight” rating and set a $92.00 target price on the stock in a research note on Tuesday, June 28th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Visa in a research note on Tuesday, July 5th. Four investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. Visa currently has a consensus rating of “Buy” and an average price target of $88.94.

Analyst Recommendations for Visa (NYSE:V)

Visa (NYSE:V) traded up 1.17% during trading on Friday, hitting $82.83. 3,304,521 shares of the stock were exchanged. The stock’s 50 day moving average price is $82.22 and its 200 day moving average price is $79.31. Visa has a 12 month low of $66.12 and a 12 month high of $83.79. The stock has a market cap of $195.48 billion, a P/E ratio of 35.20 and a beta of 0.95.

Visa (NYSE:V) last issued its earnings results on Thursday, July 21st. The credit-card processor reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. Visa had a net margin of 38.72% and a return on equity of 22.36%. The company had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.67 billion. Analysts forecast that Visa will post $2.79 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. Lakeview Capital Partners LLC boosted its stake in Visa by 8.8% in the first quarter. Lakeview Capital Partners LLC now owns 8,440 shares of the credit-card processor’s stock valued at $645,000 after buying an additional 683 shares in the last quarter. Hyman Charles D bought a new stake in Visa during the first quarter valued at about $623,000. Compton Capital Management Inc. RI boosted its stake in Visa by 6.0% in the first quarter. Compton Capital Management Inc. RI now owns 13,285 shares of the credit-card processor’s stock valued at $1,016,000 after buying an additional 750 shares in the last quarter. Badgley Phelps & Bell Inc. boosted its stake in Visa by 0.9% in the first quarter. Badgley Phelps & Bell Inc. now owns 192,442 shares of the credit-card processor’s stock valued at $14,718,000 after buying an additional 1,707 shares in the last quarter. Finally, Terra Nova Asset Management LLC bought a new stake in Visa during the first quarter valued at about $754,000. 80.08% of the stock is currently owned by institutional investors.

Visa Company Profile

Visa Inc is a payments technology company. The Company is engaged in operating a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions across the world. The Company provides its services to consumers, businesses, financial institutions and governments in more than 200 countries and territories for electronic payments.

5 Day Chart for NYSE:V

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