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Visa (NYSE:V)‘s stock had its “buy” rating restated by stock analysts at Deutsche Bank in a report issued on Wednesday, Analyst RN reports. They currently have a $268.00 target price on the stock. Deutsche Bank’s target price indicates a potential upside of 27.70% from the company’s current price.

Visa (NYSE:V) traded down 0.85% during mid-day trading on Wednesday, hitting $209.86. 1,709,135 shares of the company’s stock traded hands. Visa has a 52 week low of $170.99 and a 52 week high of $235.50. The stock has a 50-day moving average of $208.1 and a 200-day moving average of $213.1. The company has a market cap of $131.9 billion and a price-to-earnings ratio of 25.04.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, April 24th. The company reported $2.52 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.92 earnings per share. Visa’s revenue was up 6.9% compared to the same quarter last year. On average, analysts predict that Visa will post $8.99 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, June 3rd. Investors 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 0.76%. The ex-dividend date of this dividend is Wednesday, May 14th.

In other Visa news, CFO Byron Pollitt, Jr. unloaded 79,518 shares of the stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $210.00, for a total transaction of $16,698,780.00. Following the completion of the transaction, the chief financial officer now directly owns 17,833 shares of the company’s stock, valued at approximately $3,744,930. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

A number of other analysts have also recently weighed in on V. Analysts at Zacks reiterated an “outperform” rating on shares of Visa in a research note on Tuesday, May 6th. They now have a $1.00 price target on the stock. Separately, analysts at SunTrust cut their price target on shares of Visa from $300.00 to $260.00 in a research note on Monday, April 28th. Three equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $227.44.

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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