Traders Purchase Large Volume of Visa Call Options (V)
Shares of Visa (NYSE:V) was the target of unusually large options trading on Friday. Stock traders bought 17,369 call options on the stock, ARN reports. This is an increase of approximately 166% compared to the average daily volume of 6,525 call options.
Several analysts have recently commented on the stock. 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 assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Visa currently has a consensus rating of “Buy” and an average target price of $199.40.
Visa (NYSE:V) traded up 2.13% during mid-day trading on Friday, hitting $189.00. 4,101,451 shares of the company’s stock traded hands. Visa has a 1-year low of $132.38 and a 1-year high of $196.00. The stock’s 50-day moving average is $180.1 and its 200-day moving average is $175.4. The company has a market cap of $121.9 billion and a P/E ratio of 22.49.
Visa (NYSE:V) last released its earnings data 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. 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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