Visa Inc. (V) Given Average Recommendation of “Buy” by Analysts
Visa Inc. (NYSE:V) has been assigned a consensus rating of “Buy” from the thirty-three brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $105.40.
V has been the topic of several analyst reports. Vetr downgraded shares of Visa from a “hold” rating to a “sell” rating and set a $101.08 target price on the stock. in a research note on Thursday. KeyCorp reaffirmed a “buy” rating and issued a $110.00 target price on shares of Visa in a research note on Friday, August 25th. UBS AG reaffirmed an “overweight” rating on shares of Visa in a research note on Thursday, August 24th. Robert W. Baird reaffirmed a “buy” rating on shares of Visa in a research note on Thursday, August 24th. Finally, BidaskClub raised shares of Visa from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 10th.
Shares of Visa (NYSE V) traded down 0.12% during trading on Friday, reaching $104.43. 5,787,188 shares of the company’s stock traded hands. The company’s 50-day moving average is $101.98 and its 200 day moving average is $94.58. The company has a market cap of $238.77 billion, a price-to-earnings ratio of 38.84 and a beta of 0.94. Visa has a 52-week low of $75.17 and a 52-week high of $105.44.
Visa (NYSE:V) last posted its quarterly earnings results on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, topping the consensus estimate of $0.81 by $0.05. The firm had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.36 billion. Visa had a net margin of 36.53% and a return on equity of 30.95%. The business’s revenue was up 25.8% compared to the same quarter last year. During the same period last year, the firm posted $0.69 earnings per share. Equities analysts forecast that Visa will post $3.42 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Friday, August 18th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend was Wednesday, August 16th. Visa’s payout ratio is 24.54%.
In other Visa news, Director Mary B. Cranston sold 10,400 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $103.32, for a total value of $1,074,528.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Tullier Kelly Mahon sold 29,772 shares of the business’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $100.91, for a total value of $3,004,292.52. Following the completion of the transaction, the executive vice president now directly owns 17,360 shares of the company’s stock, valued at approximately $1,751,797.60. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.
A number of large investors have recently modified their holdings of V. Adirondack Trust Co. increased its position in shares of Visa by 1.6% during the 1st quarter. Adirondack Trust Co. now owns 2,195 shares of the credit-card processor’s stock valued at $195,000 after purchasing an additional 35 shares during the last quarter. TNB Financial purchased a new stake in shares of Visa during the 1st quarter valued at about $12,619,000. Horan Capital Management increased its position in shares of Visa by 4.1% during the 1st quarter. Horan Capital Management now owns 225,260 shares of the credit-card processor’s stock valued at $20,018,000 after purchasing an additional 8,806 shares during the last quarter. Honkamp Krueger Financial Services Inc. increased its position in shares of Visa by 3.0% during the 1st quarter. Honkamp Krueger Financial Services Inc. now owns 18,633 shares of the credit-card processor’s stock valued at $1,656,000 after purchasing an additional 549 shares during the last quarter. Finally, Private Trust Co. NA increased its position in shares of Visa by 12.6% during the 1st quarter. Private Trust Co. NA now owns 36,990 shares of the credit-card processor’s stock valued at $3,287,000 after purchasing an additional 4,138 shares during the last quarter. 81.74% of the stock is owned by institutional investors and hedge funds.
Visa Company Profile
Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.
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