Visa Rating Reiterated by Nomura (V)
Visa (NYSE:V)‘s stock had its “buy” rating reaffirmed by research analysts at Nomura in a report released on Monday, AnalystRatingsNetwork reports. They currently have a $264.00 target price on the stock. Nomura’s target price would suggest a potential upside of 20.60% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. upgraded shares of Visa from a “neutral” rating to a “buy” rating in a research note to investors on Monday. They now have a $212.00 price target on the stock, down previously from $265.00. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Visa in a research note to investors on Sunday, January 5th. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Visa in a research note to investors on Friday, December 27th. Eleven research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. Visa has an average rating of “Buy” and a consensus price target of $213.45.
Visa (NYSE:V) traded down 1.01% on Monday, hitting $218.90. The stock had a trading volume of 3,372,912 shares. Visa has a 52 week low of $154.14 and a 52 week high of $224.52. The stock has a 50-day moving average of $211.6 and a 200-day moving average of $194.3. The company has a market cap of $139.4 billion and a P/E ratio of 29.13.
Visa (NYSE:V) last posted its quarterly earnings results 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. Analysts expect that Visa will post $8.89 EPS for the current fiscal year.
In other Visa news, EVP Antonio Lucio sold 7,163 shares of the stock on the open market in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $221.50, for a total transaction of $1,586,604.50. Following the completion of the sale, the executive vice president now directly owns 46,465 shares of the company’s stock, valued at approximately $10,291,998. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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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