Visa Price Target Raised to $230.00 at Cowen and Company (V)
Equities researchers at Cowen and Company upped their price target on shares of Visa (NYSE:V) from $210.00 to $230.00 in a research report issued on Monday, American Banking and Market News reports. Cowen and Company’s target price points to a potential upside of 13.26% from the stock’s previous close.
In other Visa news, Insider William M. Sheedy sold 8,500 shares of the company’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $197.81, for a total transaction of $1,681,385.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several other analysts have also recently commented on the stock. Analysts at Barclays raised their price target on shares of Visa from $215.00 to $240.00 in a research note to investors on Monday. They now have an “overweight” rating on the stock. Separately, analysts at Robert W. Baird reiterated a “neutral” rating on shares of Visa in a research note to investors on Monday. They now have a $220.00 price target on the stock, up previously from $200.00. Finally, analysts at TheStreet reiterated a “positive” rating on shares of Visa in a research note to investors on Sunday. Eleven investment 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 company. Visa currently has a consensus rating of “Buy” and a consensus price target of $203.92.
Shares of Visa (NYSE:V) traded up 0.01% on Monday, hitting $203.08. The stock had a trading volume of 1,719,529 shares. 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 $175.7. The company has a market cap of $131.0 billion and a price-to-earnings ratio of 24.68.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, December 3rd. Investors 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 an increase from Visa’s previous quarterly dividend of $0.33.
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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