A number of research firms have changed their ratings and price targets for Visa (NYSE: V):

  • 10/2/2017 – Visa is now covered by analysts at Buckingham Research. They set a “buy” rating and a $129.00 price target on the stock.
  • 10/2/2017 – Visa had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $128.00 price target on the stock, up previously from $122.00.
  • 9/28/2017 – Visa is now covered by analysts at Cantor Fitzgerald. They set an “overweight” rating and a $120.00 price target on the stock. They wrote, “Visa is a card network that facilitates transactions among card (credit, debit, prepaid or commercial) users, issuers, merchants and acquirers. Card networks act as intermediaries, utilizing network capabilities and infrastructure to facilitate the authorization, clearance, and settlement of payment transactions. Visa facilitates payments within a four-party model card payment scheme, wherein the issuer and acquirer are different entities.””
  • 9/26/2017 – Visa was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $108.51 price target on the stock.
  • 9/26/2017 – Visa had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $122.00 price target on the stock.
  • 9/22/2017 – Visa had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $124.00 price target on the stock.
  • 9/19/2017 – Visa was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $117.00 price target on the stock. According to Zacks, “Shares of Visa have outperformed the industry, year to date. Numerous strategic acquisitions and alliances, technology upgrades and effective marketing have paved the way for the company's long-term growth. Visa is well poised to gain from the growing electronic payment processing and strong international business. A solid balance sheet position ensures effective capital deployment. The stock has seen the Zacks Consensus Estimate for current-year earnings being revised 1.8% upward over the last 60 days.”
  • 9/13/2017 – Visa was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $105.08 price target on the stock.
  • 9/12/2017 – Visa had its “outperform” rating reaffirmed by analysts at BMO Capital Markets.
  • 9/7/2017 – Visa was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $101.08 price target on the stock.
  • 8/25/2017 – Visa had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $110.00 price target on the stock.
  • 8/24/2017 – Visa had its “buy” rating reaffirmed by analysts at Robert W. Baird.
  • 8/24/2017 – Visa had its “overweight” rating reaffirmed by analysts at UBS AG.
  • 8/22/2017 – Visa was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $100.88 price target on the stock.
  • 8/10/2017 – Visa was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.

Visa Inc. (V) traded up 0.14% during midday trading on Tuesday, reaching $105.59. The company’s stock had a trading volume of 4,411,064 shares. The firm has a market capitalization of $241.42 billion, a PE ratio of 39.27 and a beta of 0.94. The firm has a 50 day moving average price of $104.12 and a 200 day moving average price of $96.53. Visa Inc. has a 1-year low of $75.17 and a 1-year high of $106.84.

Visa (NYSE:V) last released its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.05. The company had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Visa had a return on equity of 30.95% and a net margin of 36.53%. The business’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same period last year, the firm earned $0.69 EPS. On average, analysts predict that Visa Inc. will post $3.43 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Friday, August 18th were given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend was Wednesday, August 16th. Visa’s dividend payout ratio is currently 24.54%.

In related news, Director Mary B. Cranston sold 10,400 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $103.32, for a total value of $1,074,528.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Tullier Kelly Mahon sold 29,772 shares of the stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $100.91, for a total transaction of $3,004,292.52. Following the completion of the transaction, the executive vice president now directly owns 17,360 shares in the company, valued at $1,751,797.60. The disclosure for this sale can be found here. Company insiders own 0.14% 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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