Visa (NYSE:V) had its price objective raised by Wells Fargo & Co from $181.00 to $200.00 in a research report report published on Wednesday morning, The Fly reports. The brokerage currently has an outperform rating on the credit-card processor’s stock.
Other equities analysts have also recently issued research reports about the company. Oppenheimer set a $119.00 target price on American Express and gave the company a buy rating in a report on Wednesday, April 17th. Cantor Fitzgerald reissued a buy rating and set a $71.00 target price on shares of ExlService in a report on Sunday, April 28th. Wedbush reissued an outperform rating and set a $65.00 target price (up previously from $60.00) on shares of Walker & Dunlop in a report on Wednesday, July 3rd. Robert W. Baird set a $182.00 target price on Visa and gave the company an outperform rating in a report on Wednesday, May 8th. Finally, Bank of America increased their target price on Visa from $177.00 to $192.00 and gave the company a buy rating in a report on Monday, June 17th. Two research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $183.43.
Shares of Visa stock opened at $180.33 on Wednesday. The firm’s 50 day moving average price is $170.22. Visa has a 12 month low of $121.60 and a 12 month high of $181.35. The firm has a market capitalization of $360.77 billion, a PE ratio of 39.12, a P/E/G ratio of 2.05 and a beta of 0.96. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.58.
Visa (NYSE:V) last announced its earnings results on Wednesday, April 24th. The credit-card processor reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.07. Visa had a return on equity of 40.56% and a net margin of 51.34%. The business had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.46 billion. During the same quarter in the prior year, the firm earned $1.11 earnings per share. The business’s revenue was up 8.3% compared to the same quarter last year. As a group, equities analysts forecast that Visa will post 5.37 EPS for the current fiscal year.
In related news, EVP William M. Sheedy sold 75,676 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $165.24, for a total value of $12,504,702.24. Following the completion of the sale, the executive vice president now owns 300,114 shares of the company’s stock, valued at $49,590,837.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.17% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of the stock. Lowe Wealth Advisors LLC increased its stake in Visa by 114.7% during the second quarter. Lowe Wealth Advisors LLC now owns 161 shares of the credit-card processor’s stock worth $28,000 after acquiring an additional 86 shares during the last quarter. Highwater Wealth Management LLC acquired a new stake in Visa during the fourth quarter worth $33,000. Essex Investment Management Co. LLC acquired a new stake in Visa during the fourth quarter worth $33,000. Hexavest Inc. acquired a new stake in Visa during the second quarter worth $40,000. Finally, Ironwood Financial llc increased its stake in Visa by 67.5% during the fourth quarter. Ironwood Financial llc now owns 335 shares of the credit-card processor’s stock worth $44,000 after acquiring an additional 135 shares during the last quarter. 80.97% of the stock is owned by hedge funds and other institutional investors.
Visa Company Profile
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.
Read More: Total Return
Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.