Visa Sees Unusually High Options Volume (V)
Visa (NYSE:V) was the recipient of unusually large options trading activity on Tuesday. Traders acquired 9,823 put options on the company, Stock Ratings Network reports. This is an increase of approximately 109% compared to the typical volume of 4,709 put options.
A number of analysts have recently weighed in on V shares. Analysts at Zacks reiterated an “outperform” rating on shares of Visa (NYSE:V) in a research note to investors on Tuesday, September 3rd. Separately, analysts at TheStreet reiterated a “positive” rating on shares of Visa (NYSE:V) in a research note to investors on Tuesday, September 3rd. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Visa (NYSE:V) in a research note to investors on Wednesday, August 21st.
Ten investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the stock. Visa has a consensus rating of “Buy” and an average price target of $199.40.
Visa (NYSE:V) traded up 3.38% on Tuesday, hitting $184.59. 4,877,769 shares of the company’s stock traded hands. Visa has a 1-year low of $128.81 and a 1-year high of $196.00. The stock’s 50-day moving average is $180.4 and its 200-day moving average is $175.1. The company has a market cap of $119.1 billion and a P/E ratio of 21.70.
Visa (NYSE:V) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $1.88 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.56 earnings per share. The company’s quarterly revenue was up 17.0% on a year-over-year basis. On average, analysts predict that Visa will post $7.59 earnings per share for the current fiscal year.
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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