Visa Inc. (NYSE:V) Received Consensus “Buy” Recommendation From Analysts
Shares of Visa Inc. (NYSE:V) have received a consensus “Buy” rating from the twenty-five rating agencies that currently cover the company, MarketBeat.com reports. Five investment analysts rated the stock with a hold recommendation and seventeen gave the company a buy recommendation. The 12-month average price target among analysts who have covered the stock over the past year is $267.54.
Several research firms weighed in on V. Erste Group upgraded Visa to a “buy” rating in a Wednesday, February 9 research report. Raymond James raised its price target on Visa from $265.00 to $281.00 and gave the company an “outperform” rating in a Friday, Jan. 28 research note. Exane BNP Paribas downgraded Visa from an “outperforming” rating to a “neutral” rating and set a target price of $210.00 for the stock. in a Monday, January 10, research note. BNP Paribas downgraded Visa from an “outperforming” rating to a “neutral” rating and set a target price of $210.00 for the stock. in a Monday, January 10, research note. Finally, UBS Group began covering Visa in a report on Thursday, November 18. They issued a “buy” rating and a price target of $275.00 for the company.
Shares of V opened at $222.69 on Monday. Visa has a 1 year minimum of $190.10 and a 1 year maximum of $252.67. The company has a debt ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.75. The company has a market capitalization of $426.28 billion, a price-to-earnings ratio of 36.87, a growth price-to-earnings ratio of 2.00 and a beta of 0.97. The company has a 50-day moving average of $218.49 and a 200-day moving average of $220.18.
Visa (NYSE:V) last released its results on Thursday, January 27. The credit card processor reported earnings per share of $1.81 for the quarter, beating the Zacks consensus estimate of $1.70 by $0.11. The company posted revenue of $7.06 billion in the quarter, versus a consensus estimate of $6.79 billion. Visa had a return on equity of 40.11% and a net margin of 51.59%. The company’s revenue for the quarter increased 24.1% year over year. During the same period a year earlier, the company posted earnings per share of $1.42. As a group, sell-side analysts expect Visa to post EPS of 7.07 for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 1. Investors of record on Friday, February 11 will receive a dividend of $0.375. This represents an annualized dividend of $1.50 and a dividend yield of 0.67%. The ex-date of this dividend is Thursday, February 10. Visa’s payout ratio is 24.83%.
Separately, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the company in a trade dated Tuesday, Nov. 30. The shares were sold at an average price of $195.27, for a total value of $1,757,430.00. The sale was disclosed in an SEC filing, which is available via this link. Additionally, CAO James H. Hoffmeister sold 1,737 shares of the company in a trade dated Tuesday, February 1. The shares were sold at an average price of $231.49, for a total transaction of $402,098.13. Disclosure of this sale can be found here. In the past three months, insiders have sold 37,396 shares of the company worth $7,996,185. 0.21% of the shares are held by insiders.
Several hedge funds and other institutional investors have recently changed their positions in V. University of Texas Texas AM Investment Managment Co. bought a new position in Visa in Q3 worth approximately $26,000. Outfitter Financial LLC acquired a new position in Visa in the fourth quarter worth $27,000. Cranbrook Wealth Management LLC increased its stake in Visa by 236.8% in the third quarter. Cranbrook Wealth Management LLC now owns 128 shares of the credit card processor valued at $29,000 after buying 90 additional shares during the period. Blue Bell Private Wealth Management LLC acquired a new position in Visa stock during the fourth quarter worth approximately $32,000. Finally, McClarren Financial Advisors Inc. increased its stake in Visa shares by 46.5% during the third quarter. McClarren Financial Advisors Inc. now owns 148 shares of the credit card processor worth $33,000 after acquiring 47 additional shares during the period. Institutional investors and hedge funds hold 80.83% of the company’s shares.
Visa Company Profile
Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information between the global network of consumers, merchants, financial institutions, businesses, strategic partners and government entities. It offers debit cards, credit cards, prepaid products, commercial payment solutions and global automated teller machines (ATMs).
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