Investors Buy Large Volume of Visa Put Options (V)
Visa (NYSE:V) was the target of unusually large options trading activity on Wednesday. Stock investors bought 11,658 put options on the company, AnalystRatingsNetwork reports. This represents an increase of 148% compared to the typical daily volume of 4,704 put options.
A number of analysts have recently weighed in on V shares. Analysts at TheStreet reiterated a “buy” rating on shares of Visa in a research note to investors on Friday, December 27th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Visa in a research note to investors on Monday, December 23rd. They now have a $227.00 price target on the stock. Finally, analysts at Evercore Partners raised their price target on shares of Visa from $233.00 to $265.00 in a research note to investors on Thursday, December 19th. They now have an “overweight” rating on the stock. Eleven analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $211.27.
Visa (NYSE:V) opened at 222.68 on Thursday. Visa has a one year low of $153.93 and a one year high of $222.72. The stock’s 50-day moving average is $206. and its 200-day moving average is $192.3. The company has a market cap of $141.8 billion and a price-to-earnings ratio of 29.10.
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 last year, the company posted $1.54 earnings per share. Visa’s revenue was up 8.9% compared to the same quarter last year.
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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