Visa Inc. (V) Earns Outperform Rating from Cowen and Company
Visa Inc. (NYSE:V)‘s stock had its “outperform” rating reiterated by Cowen and Company in a report issued on Tuesday. They presently have a $100.00 price objective on the credit-card processor’s stock. Cowen and Company’s price target points to a potential upside of 21.73% from the company’s previous close.
A number of other equities analysts have also recently commented on the company. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $86.00 price target on shares of Visa in a research note on Monday, July 18th. Vetr cut Visa from a “strong-buy” rating to a “buy” rating and set a $84.21 price target on the stock. in a research note on Monday, July 11th. Zacks Investment Research raised Visa from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research note on Tuesday, July 19th. Jefferies Group reaffirmed a “buy” rating on shares of Visa in a research note on Tuesday, July 5th. Finally, Stifel Nicolaus lifted their price target on Visa from $86.00 to $91.00 and gave the stock a “buy” rating in a research note on Friday, July 22nd. Four equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. Visa currently has an average rating of “Buy” and an average target price of $89.36.
Shares of Visa (NYSE:V) traded down 0.69% during trading on Tuesday, hitting $81.58. The stock had a trading volume of 11,568,977 shares. The firm has a 50 day moving average price of $82.33 and a 200-day moving average price of $79.45. Visa has a 52 week low of $66.12 and a 52 week high of $83.79. The stock has a market capitalization of $192.53 billion, a price-to-earnings ratio of 34.67 and a beta of 0.95.
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Visa (NYSE:V) last announced its quarterly earnings data on Thursday, July 21st. The credit-card processor reported $0.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.03. The company had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.67 billion. Visa had a return on equity of 22.36% and a net margin of 38.72%. On average, equities research analysts forecast that Visa will post $2.79 EPS for the current fiscal year.
A number of large investors have recently modified their holdings of V. Iowa State Bank bought a new stake in shares of Visa during the second quarter worth about $111,000. West Oak Capital LLC increased its stake in shares of Visa by 245.5% in the second quarter. West Oak Capital LLC now owns 1,534 shares of the credit-card processor’s stock worth $114,000 after buying an additional 1,090 shares during the period. Hanson McClain Inc. increased its stake in shares of Visa by 6.1% in the second quarter. Hanson McClain Inc. now owns 1,728 shares of the credit-card processor’s stock worth $128,000 after buying an additional 100 shares during the period. Signature Estate & Investment Advisors LLC bought a new stake in shares of Visa during the second quarter worth about $139,000. Finally, Feltz Wealth PLAN Inc. bought a new stake in shares of Visa during the second quarter worth about $148,000. Institutional investors and hedge funds own 80.06% of the company’s stock.
Visa Inc is a payments technology company. The Company is engaged in operating a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions across the world. The Company provides its services to consumers, businesses, financial institutions and governments in more than 200 countries and territories for electronic payments.
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