Visa Receives Buy Rating from TheStreet (V)
Visa (NYSE:V)‘s stock had its “buy” rating restated by investment analysts at TheStreet in a note issued to investors on Tuesday, American Banking News 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) 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 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.
V has been the subject of a number of other recent research reports. Analysts at Sandler O’Neill initiated coverage on shares of Visa in a research note to investors on Monday. They set a “buy” rating on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of Visa from $255.00 to $292.00 in a research note to investors on Tuesday, January 21st. They now have a “buy” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Visa from $240.00 to $270.00 in a research note to investors on Thursday, January 16th. They now have an “overweight” rating on the stock. Eleven equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $215.68.
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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