Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Visa (V) Share Price
Headlines about Visa (NYSE:V) have trended somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Visa earned a news impact score of 0.05 on Accern’s scale. Accern also gave media headlines about the credit-card processor an impact score of 45.6382065862263 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have impacted Accern’s analysis:
- Visa’s (V) Buy Rating Reaffirmed at KeyCorp (americanbankingnews.com)
- Visa Inc., Bloomberg Government to Host Global Trend towards Electronic Payments Event (newkerala.com)
- This Cryptocurrency Gained 695% on News of Visa Deal That Never Happened (finance.yahoo.com)
- Visa Stock – Is It Finally Time for a Pullback? – Investorplace.com (investorplace.com)
- This Cryptocurrency Gained 695% on News of Visa Deal That Never Happened – Investopedia (blog) (investopedia.com)
Shares of Visa (NYSE:V) traded up 0.46% during mid-day trading on Friday, reaching $106.73. The company has a market capitalization of $244.03 billion, a PE ratio of 39.69 and a beta of 0.93. Visa has a one year low of $75.17 and a one year high of $106.96. The stock has a 50 day moving average of $104.52 and a 200-day moving average of $96.90.
Visa (NYSE:V) last released its quarterly earnings results on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.05. The business had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.36 billion. Visa had a return on equity of 30.95% and a net margin of 36.53%. Visa’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.69 EPS. On average, equities research analysts predict that Visa will post $3.43 EPS for the current year.
Several equities research analysts recently commented on V shares. BidaskClub downgraded Visa from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Sandler O’Neill reiterated a “hold” rating on shares of Visa in a report on Wednesday, June 21st. Cowen and Company reiterated an “outperform” rating and set a $105.00 target price on shares of Visa in a report on Friday, June 23rd. Jefferies Group LLC reiterated a “buy” rating and set a $104.00 target price on shares of Visa in a report on Sunday, June 25th. Finally, Mizuho started coverage on Visa in a report on Tuesday, June 27th. They set a “buy” rating and a $115.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $108.76.
In other Visa news, EVP Tullier Kelly Mahon sold 29,772 shares of the stock in a transaction on 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 transaction, the executive vice president now directly owns 17,360 shares in the company, valued at approximately $1,751,797.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary B. Cranston sold 10,400 shares of the stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $103.32, for a total value of $1,074,528.00. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.
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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