Visa Stock Rating Reaffirmed by TheStreet (V)
Visa (NYSE:V)‘s stock had its “buy” rating reaffirmed by equities researchers at TheStreet in a research report issued on Tuesday, Analyst Ratings Net reports.
The analysts wrote, “Visa (V) has been reiterated by TheStreet Ratings as a buy with a ratings score of A. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.”
Visa (NYSE:V) traded down 1.30% during mid-day trading on Tuesday, hitting $183.91. The stock had a trading volume of 1,390,364 shares. Visa has a one year low of $135.93 and a one year high of $200.86. The stock has a 50-day moving average of $184. and a 200-day moving average of $179.7. The company has a market cap of $118.6 billion and a P/E ratio of 22.65.
Visa (NYSE:V) last announced its earnings results 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.
A number of other analysts have also recently weighed in on V. Analysts at Zacks reiterated a “neutral” rating on shares of Visa in a research note to investors on Friday, September 20th. They now have a $204.00 price target on the stock. Eleven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $199.55.
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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