Visa Coverage Initiated by Analysts at Goldman Sachs (V)
Investment analysts at Goldman Sachs started coverage on shares of Visa (NYSE:V) in a note issued to investors on Tuesday. The firm set a “buy” rating and a $250.00 price target on the stock. Goldman Sachs’ price target would suggest a potential upside of 15.35% from the company’s current price.
A number of other firms have also recently commented on V. Analysts at Zacks reiterated a “neutral” rating on shares of Visa in a research note on Wednesday, June 18th. They now have a $221.00 price target on the stock. Finally, 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 research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Visa has an average rating of “Buy” and a consensus price target of $244.90.
Visa (NYSE:V) traded down 1.42% on Tuesday, hitting $213.657. The stock had a trading volume of 684,387 shares. Visa has a 1-year low of $170.99 and a 1-year high of $235.50. The stock’s 50-day moving average is $211.8 and its 200-day moving average is $215.7. The company has a market cap of $134.2 billion and a P/E ratio of 25.64.
Visa (NYSE:V) last announced its 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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