Oppenheimer Reaffirms Buy Rating for Visa (NYSE:V)

Visa (NYSE:V)‘s stock had its “buy” rating reiterated by analysts at Oppenheimer in a research report issued on Tuesday, Stock Target Advisor reports. They currently have a $202.00 target price on the credit-card processor’s stock. Oppenheimer’s target price indicates a potential upside of 1.10% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Wedbush lifted their price objective on Visa from $195.00 to $215.00 and gave the company an “outperform” rating in a research report on Tuesday. Compass Point started coverage on Visa in a research report on Thursday, December 5th. They set a “buy” rating for the company. Wells Fargo & Co lifted their price objective on Visa from $200.00 to $213.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Nomura lifted their price objective on Visa from to and gave the company a “buy” rating in a research report on Monday. Finally, Morgan Stanley lifted their price objective on Visa from $207.00 to $220.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $204.58.

Shares of Visa stock opened at $199.80 on Tuesday. The stock has a market cap of $385.85 billion, a PE ratio of 36.73, a price-to-earnings-growth ratio of 2.01 and a beta of 0.93. The business has a fifty day simple moving average of $187.32 and a 200-day simple moving average of $180.29. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.57. Visa has a 12 month low of $133.30 and a 12 month high of $200.15.

Visa (NYSE:V) last issued its earnings results on Thursday, October 24th. The credit-card processor reported $1.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.04. The business had revenue of $6.14 billion during the quarter, compared to analysts’ expectations of $6.08 billion. Visa had a return on equity of 42.57% and a net margin of 52.57%. Visa’s revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.21 earnings per share. Analysts expect that Visa will post 6.2 EPS for the current fiscal year.

In other Visa news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the business’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $177.79, for a total value of $1,244,530.00. Following the completion of the sale, the chief executive officer now owns 55,446 shares of the company’s stock, valued at $9,857,744.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP William M. Sheedy sold 21,164 shares of the business’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $178.71, for a total value of $3,782,218.44. Following the completion of the sale, the executive vice president now directly owns 227,126 shares of the company’s stock, valued at approximately $40,589,687.46. The disclosure for this sale can be found here. Insiders sold 58,480 shares of company stock valued at $10,606,182 in the last ninety days. Insiders own 0.17% of the company’s stock.

Several large investors have recently made changes to their positions in the business. BlackRock Inc. increased its stake in shares of Visa by 2.3% in the second quarter. BlackRock Inc. now owns 123,791,138 shares of the credit-card processor’s stock worth $21,483,952,000 after purchasing an additional 2,773,330 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Visa by 0.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 78,658,915 shares of the credit-card processor’s stock worth $13,651,254,000 after purchasing an additional 379,577 shares during the period. Fisher Asset Management LLC increased its stake in shares of Visa by 2.1% in the third quarter. Fisher Asset Management LLC now owns 20,200,734 shares of the credit-card processor’s stock worth $3,474,728,000 after purchasing an additional 419,991 shares during the period. Nuveen Asset Management LLC increased its stake in shares of Visa by 3,715.7% in the second quarter. Nuveen Asset Management LLC now owns 16,291,965 shares of the credit-card processor’s stock worth $2,827,471,000 after purchasing an additional 15,864,991 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Visa by 1.4% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 7,183,293 shares of the credit-card processor’s stock worth $1,235,598,000 after purchasing an additional 100,817 shares during the period. 81.08% of the stock is owned by 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.

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Analyst Recommendations for Visa (NYSE:V)

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