Visa’s “Buy” Rating Reaffirmed at Stifel Nicolaus (V)
Visa (NYSE:V)‘s stock had its “buy” rating reiterated by investment analysts at Stifel Nicolaus in a note issued to investors on Friday. They currently have a $281.00 price objective on the stock, down from their previous price objective of $289.00. Stifel Nicolaus’ price objective would suggest a potential upside of 30.84% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Visa in a research note on Friday. They now have a $234.00 price target on the stock. Separately, analysts at Nomura reiterated a “buy” rating on shares of Visa in a research note on Friday. They now have a $228.00 price target on the stock. Finally, analysts at Goldman Sachs initiated coverage on shares of Visa in a research note on Tuesday, July 8th. They set a “buy” rating and a $250.00 price target on the stock. Two research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Visa presently has an average rating of “Buy” and a consensus target price of $244.64.
Visa (NYSE:V) traded down 3.58% on Friday, hitting $214.77. 6,882,568 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 $214.6 and its 200-day moving average is $215.8. The company has a market cap of $134.9 billion and a price-to-earnings ratio of 26.35. Visa also was the recipient of unusually large options trading activity on Friday. Stock investors purchased 12,541 call options on the stock. This is an increase of approximately 124% compared to the typical volume of 5,605 call options.
Visa (NYSE:V) last issued its quarterly earnings data on Thursday, July 24th. The company reported $2.17 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.10 by $0.07. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter last year, the company posted $1.88 earnings per share. Visa’s revenue was up 5.1% compared to the same quarter last year. 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 Wednesday, September 3rd. Shareholders of record on Friday, August 15th 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, August 13th.
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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