Jefferies Group Equities Analysts Increase Earnings Estimates for Visa Inc. (V)
Visa Inc. (NYSE:V) – Stock analysts at Jefferies Group raised their Q3 2017 EPS estimates for Visa in a research note issued on Tuesday. Jefferies Group analyst J. Kupferberg now forecasts that the firm will earn $0.82 per share for the quarter, up from their prior forecast of $0.81. Jefferies Group has a “Buy” rating and a $93.00 price objective on the stock. Jefferies Group also issued estimates for Visa’s Q4 2017 earnings at $0.87 EPS.
A number of other analysts have also recently weighed in on V. Argus restated a “buy” rating and issued a $90.00 price target (up from $85.00) on shares of Visa in a report on Monday, July 25th. Piper Jaffray Cos. restated an “overweight” rating and issued a $94.00 price target on shares of Visa in a report on Friday, August 5th. William Blair restated an “outperform” rating on shares of Visa in a report on Tuesday, July 19th. Zacks Investment Research upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a report on Tuesday, July 19th. Finally, Sanford C. Bernstein restated a “positive” rating and issued a $97.00 price target on shares of Visa in a report on Tuesday, June 21st. Four equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $89.36.
Visa (NYSE:V) traded up 1.379% on Wednesday, hitting $82.705. 6,023,311 shares of the stock traded hands. The company has a market capitalization of $195.18 billion, a PE ratio of 35.149 and a beta of 0.95. The firm has a 50-day moving average price of $82.35 and a 200-day moving average price of $79.48. Visa has a 12 month low of $66.12 and a 12 month high of $83.79.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 6th. Stockholders of record on Friday, November 18th will be given a dividend of $0.165 per share. This is a boost from Visa’s previous quarterly dividend of $0.14. This represents a $0.66 annualized dividend and a dividend yield of 0.81%. Visa’s payout ratio is presently 24.35%.
Several hedge funds and other institutional investors have recently made changes to their positions in V. Lakeview Capital Partners LLC boosted its position in shares of 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 during the last quarter. Torray LLC raised its stake in shares of Visa by 31.0% in the first quarter. Torray LLC now owns 810,024 shares of the credit-card processor’s stock valued at $61,951,000 after buying an additional 191,594 shares during the period. Pelham Capital Ltd. raised its stake in shares of Visa by 34.4% in the first quarter. Pelham Capital Ltd. now owns 82,000 shares of the credit-card processor’s stock valued at $6,271,000 after buying an additional 21,000 shares during the period. Raab & Moskowitz Asset Management LLC raised its stake in shares of Visa by 108.2% in the first quarter. Raab & Moskowitz Asset Management LLC now owns 7,642 shares of the credit-card processor’s stock valued at $584,000 after buying an additional 3,972 shares during the period. Finally, Bowling Portfolio Management LLC raised its stake in shares of Visa by 57.5% in the first quarter. Bowling Portfolio Management LLC now owns 13,066 shares of the credit-card processor’s stock valued at $999,000 after buying an additional 4,769 shares during the period. 80.06% of the stock is currently owned by hedge funds and other institutional investors.
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.
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