Visa Given Outperform Rating at Zacks (V)
Visa (NYSE:V)‘s stock had its “outperform” rating reiterated by Zacks in a note issued to investors on Tuesday, American Banking and Market News reports. They currently have a $2.00 target price on the stock. Zacks‘ target price would suggest a potential downside of 98.86% from the company’s current price.
Zacks‘ analyst wrote, “Aura officially launched in Canada and Europe. Initial sales commenced in Q1. We expect more substantial revenue towards the back half of the year as the roll-out will likely be measured and drawn out. The initial marketing strategy largely consists of placing the units with key opinion leaders and to increase awareness of the device, the technology and the benefit to patients and healthcare practices. Comprehensive analysis of the 1,000-lesion study were accepted for publication by Cancer Research, a peer-reviewed journal of the American Association of Cancer Research and the most widely cited cancer journal in the world. This should provide additional support for marketing purposes as well as potentially to help support the U.S. regulatory program. Aura continues to be recognized as one of the leading novel medical technologies throughout the world and has racked up several high-profile awards and accolades over the last 2 years. “
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet reiterated a “positive” rating on shares of Visa (NYSE:V) in a research note to investors on Tuesday.
Ten investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $192.82.
Shares of Visa (NYSE:V) traded up 0.01% during mid-day trading on Tuesday, hitting $176.21. The stock had a trading volume of 1,852,105 shares. Visa has a 52-week low of $127.80 and a 52-week high of $196.00. The stock has a 50-day moving average of $181.5 and a 200-day moving average of $174.7. The company has a market cap of $113.7 billion and a price-to-earnings ratio of 21.42.
Visa (NYSE:V) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.08. The company had revenue of $3.00 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the previous year, the company posted $1.56 earnings per share. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. Analysts expect that Visa will post $7.59 EPS for the current fiscal year.
In other Visa news, Insider Elizabeth Buse sold 17,562 shares of the stock on the open market in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $177.03, for a total transaction of $3,109,000.86. Following the completion of the sale, the insider now directly owns 8,046 shares of the company’s stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Visa Inc (NYSE:V) is a global payments technology company that connects consumers, businesses, banks and governments in more than 200 countries and territories to fast, secure and reliable electronic payments.
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