Visa (NYSE:V) has been assigned a $206.00 price target by equities researchers at Citigroup in a research note issued on Friday, TipRanks reports. The firm presently has a “buy” rating on the credit-card processor’s stock. Citigroup‘s price objective would suggest a potential upside of 13.88% from the stock’s current price.
Several other research firms also recently commented on V. BMO Capital Markets set a $32.00 price target on shares of Axalta Coating Systems and gave the stock a “hold” rating in a research note on Friday, April 26th. Wells Fargo & Co boosted their price target on shares of Apollo Global Management from $38.00 to $42.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 10th. Goldman Sachs Group set a €14.15 ($16.45) price target on shares of Assicurazioni Generali and gave the stock a “sell” rating in a research note on Thursday, May 2nd. Deutsche Bank set a $81.00 target price on shares of Franco Nevada and gave the stock a “hold” rating in a research note on Thursday, July 11th. Finally, Wedbush reiterated an “outperform” rating and set a $65.00 target price (up previously from $60.00) on shares of Walker & Dunlop in a research note on Wednesday, July 3rd. Two investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Visa currently has a consensus rating of “Buy” and an average price target of $187.46.
Shares of Visa stock traded up $0.33 on Friday, hitting $180.90. 6,701,147 shares of the company were exchanged, compared to its average volume of 7,766,452. The stock has a market cap of $360.43 billion, a PE ratio of 39.24, a price-to-earnings-growth ratio of 2.03 and a beta of 0.96. The stock’s 50-day moving average is $173.72. Visa has a 1-year low of $121.60 and a 1-year high of $181.84. 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 issued its earnings results on Wednesday, April 24th. The credit-card processor reported $1.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.07. The business had revenue of $5.49 billion for the quarter, compared to analysts’ expectations of $5.46 billion. Visa had a return on equity of 40.56% and a net margin of 51.34%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.11 EPS. As a group, sell-side analysts predict that Visa will post 5.37 earnings per share for the current fiscal year.
In related news, EVP William M. Sheedy sold 75,676 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $165.24, for a total transaction of $12,504,702.24. Following the sale, the executive vice president now owns 300,114 shares in the company, valued at $49,590,837.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.17% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of V. Lowe Wealth Advisors LLC grew its holdings in Visa by 114.7% during the 2nd 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 in the last quarter. Hexavest Inc. acquired a new position in Visa during the 2nd quarter worth $40,000. Essex Investment Management Co. LLC acquired a new position in Visa during the 4th quarter worth $33,000. Sound Income Strategies LLC grew its holdings in Visa by 141.6% during the 2nd quarter. Sound Income Strategies LLC now owns 331 shares of the credit-card processor’s stock worth $57,000 after acquiring an additional 194 shares in the last quarter. Finally, Weaver Consulting Group acquired a new position in Visa during the 1st quarter worth $67,000. 81.00% of the stock is currently owned by institutional investors and hedge funds.
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.
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