Visa Given New $255.00 Price Target at Stifel Nicolaus (V)
Equities research analysts at Stifel Nicolaus raised their target price on shares of Visa (NYSE:V) from $217.00 to $255.00 in a research note issued to investors on Friday, American Banking & Market News reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 28.04% from the company’s current price.
In other Visa news, Insider William M. Sheedy unloaded 8,500 shares of the stock on the open market in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Visa (NYSE:V) traded up 1.27% during mid-day trading on Friday, hitting $199.16. The stock had a trading volume of 3,312,182 shares. Visa has a 52 week low of $138.53 and a 52 week high of $196.00. The stock’s 50-day moving average is $194.1 and its 200-day moving average is $183.3. The company has a market cap of $128.5 billion and a price-to-earnings ratio of 23.91. Visa also was the target of some unusual options trading activity on Thursday. Investors purchased 10,452 put options on the company. This is an increase of 207% compared to the average daily volume of 3,401 put options.
Visa (NYSE:V) last released its earnings data on Wednesday, October 30th. The company reported $1.85 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.85. The company had revenue of $3.00 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter last year, the company posted $1.54 earnings per share. Visa’s revenue was up 8.9% compared to the same quarter last year. On average, analysts predict that Visa will post $8.89 earnings per share for the current fiscal year.
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 0.80%. The ex-dividend date is Wednesday, November 13th. This is a boost from Visa’s previous quarterly dividend of $0.33.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James raised their price target on shares of Visa from $220.00 to $235.00 in a research note to investors on Friday. They now have a “strong-buy” rating on the stock. Separately, analysts at Pacific Crest raised their price target on shares of Visa from $205.00 to $230.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Visa in a research note to investors on Friday. They now have a $207.00 price target on the stock. 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. The stock has an average rating of “Buy” and an average price target of $208.79.
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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