Visa Inc. (V) Earns Buy Rating from Jefferies Group LLC
Visa Inc. (NYSE:V)‘s stock had its “buy” rating reiterated by equities researchers at Jefferies Group LLC in a research note issued on Sunday. They presently have a $104.00 price objective on the credit-card processor’s stock. Jefferies Group LLC’s price target would suggest a potential upside of 8.81% from the stock’s current price.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Visa from a “hold” rating to a “buy” rating and set a $106.00 price objective for the company in a report on Monday, May 29th. Cowen and Company reissued an “outperform” rating and issued a $105.00 target price on shares of Visa in a research note on Friday. Royal Bank Of Canada boosted their target price on Visa from $97.00 to $98.00 and gave the company an “outperform” rating in a research note on Friday, April 21st. Piper Jaffray Companies reissued a “neutral” rating and issued a $45.00 target price on shares of Visa in a research note on Friday, April 14th. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $100.00 target price (up from $95.00) on shares of Visa in a research note on Tuesday, April 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $95.73.
Shares of Visa (NYSE:V) traded up 1.73% during midday trading on Friday, reaching $95.58. The company’s stock had a trading volume of 11,637,316 shares. Visa has a 12 month low of $73.25 and a 12 month high of $96.60. The company has a market cap of $220.45 billion, a price-to-earnings ratio of 47.69 and a beta of 0.94. The stock has a 50-day moving average of $93.91 and a 200 day moving average of $87.59.
Visa (NYSE:V) last released its quarterly earnings data on Thursday, April 20th. The credit-card processor reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. The business had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.29 billion. Visa had a return on equity of 29.14% and a net margin of 28.78%. The firm’s revenue was up 23.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.68 earnings per share. On average, analysts predict that Visa will post $3.37 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 6th. Stockholders of record on Friday, May 19th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Wednesday, May 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.69%. Visa’s dividend payout ratio (DPR) is currently 33.00%.
In other news, Vice Chairman Ellen Richey sold 31,260 shares of the stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $91.94, for a total transaction of $2,874,044.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.14% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in the company. Mercer Capital Advisers Inc. raised its position in shares of Visa by 2.2% in the first quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock worth $104,000 after buying an additional 25 shares during the period. Ruggie Capital Group bought a new stake in shares of Visa during the first quarter worth about $114,000. Advantage Investment Management LLC increased its stake in shares of Visa by 27.4% in the first quarter. Advantage Investment Management LLC now owns 1,462 shares of the credit-card processor’s stock worth $130,000 after buying an additional 314 shares in the last quarter. Delta Asset Management LLC TN increased its stake in shares of Visa by 2.5% in the first quarter. Delta Asset Management LLC TN now owns 1,541 shares of the credit-card processor’s stock worth $137,000 after buying an additional 38 shares in the last quarter. Finally, Pacific Center for Financial Services bought a new stake in shares of Visa during the fourth quarter worth about $138,000. Institutional investors own 83.43% of the company’s stock.
Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.
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