Visa Stock Rating Reaffirmed by TheStreet (V)
Visa (NYSE:V)‘s stock had its “buy” rating reaffirmed by research analysts at TheStreet in a report released on Sunday, Analyst Ratings Network 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.”
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at SunTrust raised their price target on shares of Visa from $235.00 to $250.00 in a research note to investors on Tuesday, December 17th. Eleven research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $211.27.
Visa (NYSE:V) opened at 221.16 on Friday. Visa has a 52 week low of $154.14 and a 52 week high of $222.72. The stock’s 50-day moving average is $208.3 and its 200-day moving average is $192.8. The company has a market cap of $140.8 billion and a P/E ratio of 29.11.
Visa (NYSE:V) last issued its quarterly 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 in the previous year, the company posted $1.54 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, analysts predict that Visa will post $8.89 earnings per share for the current fiscal year.
In other Visa news, EVP Antonio Lucio unloaded 7,163 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $221.50, for a total transaction of $1,586,604.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
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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