Visa Inc. Hits New 52-Week High at $223.00 (V)
Shares of Visa (NYSE:V) hit a new 52-week high during trading hours on Wednesday, AnalystRatings.NET reports. The company traded as high as $223.00 and last traded at $222.26, with a volume of 1,454,001 shares trading hands. The stock had previously closed at $221.51.
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 Sunday. Finally, 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. Eleven investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. Visa has a consensus rating of “Buy” and a consensus price target of $211.27.
In other Visa news, EVP Antonio Lucio sold 7,163 shares of Visa stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $221.50, for a total value of $1,586,604.50. Following the completion of the transaction, the executive vice president now directly owns 46,465 shares in the company, valued at approximately $10,291,998. The sale was disclosed in a document filed with the SEC, which is available at this link.
Visa has a 52 week low of $154.14 and a 52 week high of $222.72. The stock has a 50-day moving average of $209.5 and a 200-day moving average of $193.. The company has a market cap of $141.5 billion and a P/E ratio of 29.18.
Visa (NYSE:V) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $1.85 earnings per share for the quarter, meeting the analysts’ 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. Analysts expect that Visa will post $8.89 EPS for the current fiscal 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.