Visa (NYSE:V) Price Target Reduced to $250.00
Visa (NYSE:V) saw its target price lowered by stock analysts to Barclays from $270.00 to $250.00 in a research note published Friday, Fly reports. BarclaysThe stock’s target price indicates a potential upside of 16.63% from the stock’s previous close.
A number of other equity research analysts have also weighed in on the company recently. Morgan Stanley lowered its price target on Visa from $282.00 to $280.00 and set an “overweight” rating on the stock in a Wednesday, Oct. 27 research report. Royal Bank of Canada lowered its price target on Visa from $297.00 to $284.00 and set an “outperform” rating for the company in a Wednesday, Oct. 27 research note. Zacks Investment Research moved Visa from a “buy” rating to a “hold” rating and set a price target of $227.00 for the company. in a research note on Thursday, October 28. Exane BNP Paribas has downgraded Visa from an “outperforming” rating to a “neutral” rating and has set a price target of $210.00 for the company. in a Monday, January 10, research note. Finally, Wedbush reduced its price target on Visa from $270.00 to $240.00 and set an “outperform” rating for the company in a Monday, Dec. 20 research note. Five analysts gave the stock a hold rating and twenty gave the company a buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $263.84.
V opened at $214.35 on Friday. Visa has a 12 month minimum of $190.10 and a 12 month maximum of $252.67. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt ratio of 0.58. The company’s fifty-day simple moving average is $210.42 and its 200-day simple moving average is $223.53. The company has a market capitalization of $412.70 billion, a price-earnings ratio of 38.07, a PEG ratio of 1.89 and a beta of 0.97.
Visa (NYSE:V) last released its quarterly results on Tuesday, October 26. The credit card processor reported earnings per share (EPS) of $1.62 for the quarter, beating analyst consensus estimates of $1.53 by $0.09. Visa had a return on equity of 37.62% and a net margin of 51.07%. The company posted revenue of $6.56 billion for the quarter, versus a consensus estimate of $6.51 billion. In the same quarter of the previous year, the company achieved EPS of $1.12. The company’s revenues increased by 28.6% compared to the same quarter last year. On average, equity research analysts expect Visa to post an EPS of 7.02 for the current year.
In other Visa news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the company in a trade that took place on Friday, October 29. The stock was sold at an average price of $208.57, for a total value of $1,877,130.00. The sale was disclosed in an SEC filing, which is available via this hyperlink. Also, the president ryan mcineney sold 11,193 shares of the company in a transaction that took place on Thursday, December 9. The shares were sold at an average price of $210.00, for a total value of $2,350,530.00. Disclosure of this sale can be found here. Over the past three months, insiders have sold 40,386 shares of the company worth $8,362,931. 0.21% of the shares are held by insiders.
Major investors have recently changed their stake in the company. King Luther Capital Management Corp raised its position in Visa by 2.5% during the second quarter. King Luther Capital Management Corp now owns 957,489 shares of the credit card processor worth $223,880,000 after buying 23,429 more shares last quarter. Spearhead Capital Advisors LLC increased its position in Visa by 29.6% during the third quarter. Spearhead Capital Advisors LLC now owns 87,642 shares of the credit card processor worth $19,522,000 after buying an additional 19,992 shares last quarter. HCR Wealth Advisors increased its position in Visa by 1.7% during the third quarter. HCR Wealth Advisors now owns 36,784 shares of the credit card processor worth $8,194,000 after buying 626 more shares last quarter. Qube Research & Technologies Ltd increased its position in Visa by 186.9% during the second quarter. Qube Research & Technologies Ltd now owns 241,183 shares of the credit card processor worth $56,393,000 after buying an additional 157,132 shares last quarter. Finally, New England Asset Management Inc. increased its position in Visa by 645.0% during the second quarter. New England Asset Management Inc. now owns 7,450 shares of the credit card processor worth $1,742,000 after buying an additional 6,450 shares last quarter. 80.83% of the shares are currently held by hedge funds and other institutional investors.
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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