Visa’s “Neutral” Rating Reaffirmed at Robert W. Baird (V)
Visa (NYSE:V)‘s stock had its “neutral” rating restated by investment analysts at Robert W. Baird in a note issued to investors on Monday, Analyst Ratings Net reports. They currently have a $220.00 target price on the stock, up from their previous target price of $200.00. Robert W. Baird’s price objective suggests a potential upside of 8.34% from the stock’s previous close.
The analysts wrote, “We expect FQ4 results to be modestly above consensus due to better-than-expected core trends. We like the long-term opportunity, given the secular shift to cards and strong business model, and are looking for a pullback (<$190) to get more constructive.”
Several other analysts have also recently commented on the stock. Analysts at TheStreet reiterated a “positive” rating on shares of Visa in a research note to investors on Sunday. Separately, 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. Eleven equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $201.88.
In other Visa news, Insider William M. Sheedy sold 8,500 shares of the company’s 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 transaction of $1,681,385.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Visa (NYSE:V) remained flat at $203.05 during during mid-day trading trading on Monday. 726,486 shares of the company’s stock traded hands. Visa has a 52-week low of $132.38 and a 52-week high of $196.00. The stock has a 50-day moving average of $179.9 and a 200-day moving average of $175.7. The company has a market cap of $131.0 billion and a P/E ratio of 24.68.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, December 3rd. Stockholders 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 boost 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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