Visa Given Outperform Rating at Zacks (V)
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.
To view Zacks’ full report, visit Zacks’ official website.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.