Visa Price Target Lowered to $250.00 at RBC Capital (V)
Equities research analysts at RBC Capital dropped their target price on shares of Visa (NYSE:V) from $263.00 to $250.00 in a research note issued to investors on Friday, AnalystRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s target price would indicate a potential upside of 25.67% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Janney Montgomery Scott upgraded shares of Visa from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 15th. They now have a $240.00 price target on the stock, up previously from $210.00. Separately, analysts at Pacific Crest initiated coverage on shares of Visa in a research note on Monday, April 14th. They set an “outperform” rating and a $241.00 price target on the stock. Finally, analysts at Robert W. Baird upgraded shares of Visa from a “neutral” rating to an “outperform” rating in a research note on Monday, April 14th. They now have a $245.00 price target on the stock. Four research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $232.81.
Shares of Visa (NYSE:V) traded down 5.00% during mid-day trading on Friday, hitting $198.93. The stock had a trading volume of 9,563,105 shares. Visa has a 52-week low of $163.60 and a 52-week high of $235.50. The stock has a 50-day moving average of $213.8 and a 200-day moving average of $211.8. The company has a market cap of $126.0 billion and a price-to-earnings ratio of 26.66. Visa also was the target of unusually large options trading on Thursday. Investors bought 10,737 put options on the stock. This is an increase of approximately 115% compared to the typical daily volume of 4,988 put options.
Visa (NYSE:V) last announced its earnings results on Thursday, April 24th. The company reported $2.52 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.18 by $0.34. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter in the prior year, the company posted $1.92 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Analysts expect that Visa will post $8.88 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, June 3rd. Stockholders of record on Friday, May 16th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Wednesday, May 14th.
Visa Inc (NYSE:V) is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and electronic payments.
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