TheStreet Reiterates Buy Rating for Visa (V)
Visa (NYSE:V)‘s stock had its “buy” rating restated by research analysts at TheStreet in a report released on Tuesday, StockRatingsNetwork.com 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 notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
Visa (NYSE:V) opened at 195.10 on Tuesday. Visa has a one year low of $138.53 and a one year high of $205.25. The stock’s 50-day moving average is $194.7 and its 200-day moving average is $184.. The company has a market cap of $152.2 billion and a P/E ratio of 30.76.
Visa (NYSE:V) last announced its earnings results on Wednesday, October 30th. The company reported $1.85 EPS for the quarter, meeting the Thomson Reuters 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 in the prior year, the company posted $1.54 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. Analysts expect that Visa will post $8.87 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, December 3rd. Investors of record on Friday, November 15th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Wednesday, November 13th. This is an increase from Visa’s previous quarterly dividend of $0.33.
A number of other analysts have also recently weighed in on V. Analysts at Stifel Nicolaus raised their price target on shares of Visa from $217.00 to $255.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Eleven equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus 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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