Visa Inc. (NYSE:V)‘s stock had its “buy” rating reiterated by investment analysts at KeyCorp in a report released on Wednesday, October 18th. They currently have a $118.00 target price on the credit-card processor’s stock. KeyCorp’s price objective would indicate a potential upside of 7.56% from the stock’s current price.
V has been the subject of several other reports. Wells Fargo & Company upgraded shares of Visa from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $107.01 to $120.00 in a report on Tuesday, October 10th. UBS AG reiterated an “overweight” rating on shares of Visa in a report on Thursday, August 24th. Deutsche Bank AG lifted their target price on shares of Visa from $124.00 to $150.00 and gave the company a “buy” rating in a report on Monday, July 10th. Nomura lifted their target price on shares of Visa from $105.00 to $120.00 and gave the company a “buy” rating in a report on Friday, July 21st. Finally, Credit Suisse Group set a $112.00 target price on shares of Visa and gave the company a “buy” rating in a report on Saturday, July 22nd. Three analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Visa currently has an average rating of “Buy” and an average price target of $115.95.
Visa (NYSE:V) traded down 0.08% on Wednesday, reaching $109.71. The company had a trading volume of 7,862,681 shares. The company’s 50 day moving average is $106.44 and its 200-day moving average is $98.96. Visa has a one year low of $75.17 and a one year high of $110.74. The firm has a market capitalization of $250.84 billion, a price-to-earnings ratio of 40.80 and a beta of 0.93.
Visa (NYSE:V) last posted its quarterly earnings data on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.05. The business had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.63 billion. Visa had a return on equity of 31.80% and a net margin of 36.49%. The business’s revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.78 EPS. On average, equities research analysts expect that Visa will post $3.43 earnings per share for the current fiscal year.
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In other news, Director Mary B. Cranston sold 10,400 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $103.32, for a total transaction of $1,074,528.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.14% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Krilogy Financial LLC raised its position in shares of Visa by 0.3% during the 2nd quarter. Krilogy Financial LLC now owns 2,572 shares of the credit-card processor’s stock valued at $241,000 after buying an additional 7 shares in the last quarter. Capital Investment Advisory Services LLC raised its position in shares of Visa by 0.4% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 4,747 shares of the credit-card processor’s stock valued at $445,000 after buying an additional 20 shares in the last quarter. Baker Ellis Asset Management LLC raised its position in shares of Visa by 0.3% during the 2nd quarter. Baker Ellis Asset Management LLC now owns 6,262 shares of the credit-card processor’s stock valued at $587,000 after buying an additional 20 shares in the last quarter. Mercer Capital Advisers Inc. raised its position in Visa by 2.2% in the 1st quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock worth $104,000 after purchasing an additional 25 shares during the period. Finally, Smithfield Trust Co. raised its position in Visa by 0.3% in the 1st quarter. Smithfield Trust Co. now owns 9,047 shares of the credit-card processor’s stock worth $804,000 after purchasing an additional 25 shares during the period. Hedge funds and other institutional investors own 81.69% of the company’s stock.
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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