Visa’s “Positive” Rating Reaffirmed at TheStreet (V)
Visa (NYSE:V)‘s stock had its “positive” rating reiterated by investment analysts at TheStreet in a note issued to investors on Friday, Analyst Ratings Network 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 no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.”
Visa (NYSE:V) traded up 0.67% during mid-day trading on Friday, hitting $199.61. 1,113,946 shares of the company’s stock traded hands. Visa has a 52-week low of $135.93 and a 52-week high of $200.86. The stock has a 50-day moving average of $188.0 and a 200-day moving average of $180.9. The company has a market cap of $128.8 billion and a price-to-earnings ratio of 24.10.
Visa (NYSE:V) last released its earnings data 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.
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 assigned a buy rating and two have issued a strong buy rating to the stock. The stock 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.