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Visa (NYSE:V)‘s stock had its “outperform” rating reiterated by Zacks in a report released on Friday. They currently have a $0.90 price objective on the stock. Zacks‘s price target would indicate a potential downside of 99.58% from the company’s current price.

Zacks’ analyst wrote, ” On May 29, 2014, iCo Therapeutics Inc. reported financial results for the first quarter 2014. The company had net income of CAD$1.365 million, or $0.02 per share, which was attributable to a significant increase in the value of the investment in Immune Pharmaceuticals. Top-line results from the Phase 2 iDEAL study should be available in June 2014. The company raised CAD$6.75 million in the first quarter, which will fully fund the iDEAL study and see the company through the release of the full results in the September/October time frame. “

A number of other analysts have also recently weighed in on V. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Visa in a research note on Wednesday, May 14th. They now have a $268.00 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. Finally, analysts at Wedbush cut their price target on shares of Visa from $240.00 to $230.00 in a research note on Friday, April 25th. Two 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 stock. Visa presently has an average rating of “Buy” and a consensus target price of $228.50.

Visa (NYSE:V) traded up 0.07% on Friday, hitting $214.83. 1,535,676 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 $207.8 and a 200-day moving average of $214.. The company has a market cap of $135.0 billion and a price-to-earnings ratio of 25.40.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, April 24th. The company reported $2.52 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.92 earnings per share. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. Analysts expect that Visa will post $8.99 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, June 3rd. Shareholders of record on Friday, May 16th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.74%. The ex-dividend date 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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