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Shares of Visa (NYSE:V) were the target of some unusual options trading on Tuesday. Investors acquired 6,041 put options on the stock, reports. This represents an increase of approximately 198% compared to the average daily volume of 2,024 put options.

Several analysts have recently commented on the stock. Analysts at Zacks reiterated an “outperform” rating on shares of Visa in a research note on Friday, May 30th. Separately, 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. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Visa has a consensus rating of “Buy” and a consensus target price of $240.14.

Visa (NYSE:V) traded up 0.27% during mid-day trading on Tuesday, hitting $210.81. 1,430,560 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’s 50-day moving average is $210.0 and its 200-day moving average is $215.1. The company has a market cap of $132.4 billion and a P/E ratio of 24.87.

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. On average, analysts predict that Visa will post $8.99 earnings per share for the current fiscal year.

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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