Visa Inc. (NYSE:V) had its target price upped by Loop Capital from $111.00 to $123.00 in a report released on Thursday, October 26th. The brokerage currently has a buy rating on the credit-card processor’s stock.
Other equities research analysts also recently issued reports about the company. SunTrust Banks, Inc. lifted their price objective on Visa from $110.00 to $135.00 and gave the stock a buy rating in a report on Thursday, October 26th. BMO Capital Markets lifted their price objective on Visa from $116.00 to $134.00 and gave the company an outperform rating in a research report on Thursday, October 26th. Morgan Stanley lifted their price objective on Visa from $125.00 to $126.00 and gave the company an overweight rating in a research report on Thursday, October 26th. Zacks Investment Research raised Visa from a hold rating to a buy rating and set a $121.00 price objective on the stock in a research report on Thursday, October 26th. Finally, Vetr cut Visa from a buy rating to a hold rating and set a $113.35 price target on the stock. in a report on Wednesday, October 25th. Three analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. Visa has an average rating of Buy and an average price target of $116.08.
Shares of Visa (V) traded down $0.26 during mid-day trading on Thursday, reaching $111.88. The company had a trading volume of 4,198,700 shares, compared to its average volume of 6,532,689. Visa has a 12 month low of $75.17 and a 12 month high of $112.90. The stock has a market capitalization of $232,262.88, a price-to-earnings ratio of 32.15, a price-to-earnings-growth ratio of 1.64 and a beta of 0.97. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.90 and a quick ratio of 1.65.
Visa (NYSE:V) last announced its quarterly earnings data on Wednesday, October 25th. The credit-card processor reported $0.90 EPS for the quarter, beating the consensus estimate of $0.85 by $0.05. Visa had a return on equity of 31.80% and a net margin of 36.49%. The business had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.63 billion. During the same quarter last year, the firm posted $0.78 earnings per share. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. research analysts predict that Visa will post 4.05 EPS for the current year.
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The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Friday, November 17th will be paid a $0.195 dividend. The ex-dividend date is Thursday, November 16th. This is a boost from Visa’s previous quarterly dividend of $0.17. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.70%. Visa’s payout ratio is presently 23.57%.
In related news, Director Mary B. Cranston sold 10,400 shares of Visa stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $103.32, for a total value of $1,074,528.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.14% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Vantage Financial Partners Ltd. Inc. purchased a new stake in shares of Visa in the 2nd quarter valued at about $958,000. Welch Investments LLC acquired a new position in Visa in the 3rd quarter valued at about $101,000. Cordasco Financial Network acquired a new position in Visa in the 3rd quarter valued at about $105,000. Massey Quick Simon & CO. LLC acquired a new position in Visa in the 3rd quarter valued at about $110,000. Finally, Mercer Capital Advisers Inc. increased its position in Visa by 2.2% during 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. 81.77% of the stock is owned by institutional investors.
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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