Visa Inc. Hits New 52-Week High at $198.00 (V)
Visa (NYSE:V) set a new 52-week high during trading hours on Thursday, AnalystRatings.Net reports. The company traded as high as $198.00 and last traded at $194.69, with a volume of 2,603,953 shares. The stock had previously closed at $193.65.
Several analysts have recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Visa (NYSE:V) in a research note to investors on Tuesday. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Visa (NYSE:V) in a research note to investors on Tuesday, September 3rd.
Ten research analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the company. Visa presently has a consensus rating of “Buy” and an average target price of $199.40.
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 $179.9 and its 200-day moving average is $176.5. The company has a market cap of $125.6 billion and a P/E ratio of 23.54.
Visa (NYSE:V) last announced its earnings results on Wednesday, July 24th. The company reported $1.88 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.56 earnings per share. Visa’s revenue was up 17.0% compared to the same quarter last year. 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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