Visa Target of Unusually Large Options Trading (V)
Shares of Visa (NYSE:V) were the recipient of some unusual options trading activity on Monday. Traders bought 9,424 put options on the stock, American Banking & Market News reports. This represents an increase of approximately 147% compared to the average daily volume of 3,813 put options.
A number of research firms have recently commented on V. Analysts at Zacks reiterated an “outperform” rating on shares of Visa in a research note on Wednesday, August 13th. They now have a $2.25 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Visa in a research note on Wednesday, August 13th. They now have a $243.00 price target on the stock, up previously from $237.00. Finally, 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. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Visa currently has an average rating of “Buy” and an average price target of $235.54.
Shares of Visa (NYSE:V) traded up 1.96% on Monday, hitting $214.32. The stock had a trading volume of 2,091,296 shares. Visa has a 52-week low of $172.21 and a 52-week high of $235.50. The stock has a 50-day moving average of $214.9 and a 200-day moving average of $214.. The company has a market cap of $134.6 billion and a P/E ratio of 24.05.
Visa (NYSE:V) last posted its quarterly 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. 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 0.75%. 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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