Visa Receives Consensus Rating of “Buy” from Brokerages (NYSE:V)
Visa (NYSE:V) has been given a consensus rating of “Buy” by the twenty-three analysts that are presently covering the stock, ARN reports. Two analysts have rated the stock with a hold recommendation and sixteen have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $246.29.
A number of research firms have recently commented on V. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Visa in a research note on Friday, July 25th. They now have a $237.00 price target on the stock, down previously from $248.00. Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Visa in a research note on Friday, July 25th. They now have a $281.00 price target on the stock, down previously from $289.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Visa in a research note on Friday, July 25th. They now have a $234.00 price target on the stock.
Visa (NYSE:V) opened at 210.46 on Tuesday. Visa has a 52-week low of $172.21 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.. The company has a market cap of $132.2 billion and a price-to-earnings ratio of 23.91.
Visa (NYSE:V) last announced its earnings results on Thursday, July 24th. The company reported $2.17 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $1.88 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts predict that Visa will post $8.98 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 3rd. Stockholders of record on Friday, August 15th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend 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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