Visa’s “Positive” Rating Reaffirmed at TheStreet (V)
Visa (NYSE:V)‘s stock had its “positive” rating restated by stock analysts at TheStreet in a report issued on Sunday, American Banking and Market News 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.”
In other Visa news, Insider William M. Sheedy sold 8,500 shares of Visa stock on the open market in a transaction dated Friday, October 18th. The stock was sold at an average price of $197.81, for a total value of $1,681,385.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Visa (NYSE:V) opened at 203.06 on Friday. Visa has a one year low of $132.38 and a one year high of $196.00. The stock’s 50-day moving average is $179.9 and its 200-day moving average is $175.7. The company has a market cap of $131.0 billion and a price-to-earnings ratio of 24.66.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, December 3rd. Shareholders of record on Friday, November 15th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.79%. The ex-dividend date is Wednesday, November 13th. This is a positive change from Visa’s previous quarterly dividend of $0.33.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group raised their price target on shares of Visa from $220.00 to $235.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, 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. Finally, analysts at Zacks reiterated an “outperform” rating on shares of Visa in a research note to investors on Tuesday, September 3rd. Eleven investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $200.05.
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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