Visa (V) Receiving Somewhat Positive Press Coverage, Report Shows
Press coverage about Visa (NYSE:V) has trended somewhat positive on Saturday, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative press coverage by analyzing more than 6,000 news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Visa earned a news sentiment score of 1.67 on their scale. InfoTrie also assigned media headlines about the credit-card processor an news buzz score of 8 out of 10, indicating that recent press coverage is very likely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Visa’s ranking:
- Countries Americans Can’t Visit Without Permission (247wallst.com)
- Eye on M&A: Visa Heats up the Bidding War Over Earthport; Clearent Picks up Coolfront (digitaltransactions.net)
- Visa Turns Tables On Rival Mastercard In This Bidding War (investors.com)
- Visa Inc. to Participate in Upcoming Investor Conferences (finance.yahoo.com)
- Visa sweetens offer for Earthport, edging above Mastercard’s bid (seekingalpha.com)
NYSE:V opened at $140.38 on Friday. The firm has a market cap of $282.73 billion, a P/E ratio of 30.45, a price-to-earnings-growth ratio of 1.61 and a beta of 0.97. Visa has a 1-year low of $111.02 and a 1-year high of $151.56. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.58.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 5th. Investors of record on Friday, February 15th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Thursday, February 14th. Visa’s payout ratio is 21.69%.
A number of equities research analysts have recently issued reports on V shares. Jefferies Financial Group started coverage on Visa in a research report on Monday, January 28th. They set a “buy” rating and a $135.99 target price on the stock. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $166.00 target price on shares of Visa in a research report on Thursday, October 25th. Barclays started coverage on Visa in a research report on Wednesday, November 14th. They set an “overweight” rating and a $170.00 target price on the stock. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $178.00 target price on shares of Visa in a research report on Friday, December 21st. Finally, BMO Capital Markets boosted their target price on Visa from $187.00 to $196.00 and gave the stock an “outperform” rating in a research report on Thursday, October 25th. One investment analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $162.77.
In other Visa news, EVP William M. Sheedy sold 3,643 shares of the business’s stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $133.07, for a total value of $484,774.01. Following the transaction, the executive vice president now owns 241,983 shares in the company, valued at $32,200,677.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William M. Sheedy sold 13,864 shares of the business’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $144.97, for a total value of $2,009,864.08. The disclosure for this sale can be found here. Insiders have sold 19,759 shares of company stock worth $2,820,187 over the last three months. 0.17% of the stock is owned by insiders.
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Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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