Visa Inc. (V) Earns “Buy” Rating from Mizuho
Visa Inc. (NYSE:V)‘s stock had its “buy” rating restated by Mizuho in a research report issued to clients and investors on Thursday. They currently have a $115.00 price objective on the credit-card processor’s stock. Mizuho’s target price suggests a potential upside of 6.37% from the stock’s previous close.
A number of other equities analysts have also recently issued reports on the company. Deutsche Bank AG increased their target price on Visa from $124.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, July 10th. Jefferies Group LLC reiterated a “buy” rating and issued a $104.00 target price on shares of Visa in a report on Sunday, June 25th. UBS AG reiterated an “overweight” rating on shares of Visa in a report on Thursday, August 24th. BidaskClub upgraded Visa from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th. Finally, Wells Fargo & Company reiterated a “market perform” rating and issued a $100.00 target price (up from $87.50) on shares of Visa in a report on Saturday, July 22nd. Two research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. Visa currently has a consensus rating of “Buy” and an average target price of $109.40.
Shares of Visa (NYSE V) traded down 0.30% on Thursday, reaching $108.11. 6,489,450 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $104.89 and its 200-day moving average price is $97.37. Visa has a 52-week low of $75.17 and a 52-week high of $108.71. The stock has a market cap of $247.19 billion, a P/E ratio of 40.20 and a beta of 0.93.
Visa (NYSE:V) last issued its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. Visa had a return on equity of 30.95% and a net margin of 36.53%. The company had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same period last year, the business earned $0.69 EPS. Visa’s quarterly revenue was up 25.8% compared to the same quarter last year. Equities analysts forecast that Visa will post $3.42 EPS for the current fiscal year.
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In other Visa news, EVP Tullier Kelly Mahon sold 29,772 shares of Visa stock in a transaction dated Thursday, July 27th. The stock was 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 owns 17,360 shares of the company’s stock, valued at approximately $1,751,797.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary B. Cranston sold 10,400 shares of Visa 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 disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the business. Mercer Capital Advisers Inc. grew its holdings in shares of Visa by 2.2% during the first quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock worth $104,000 after purchasing an additional 25 shares in the last quarter. Motco grew its holdings in shares of Visa by 25.1% during the second quarter. Motco now owns 1,176 shares of the credit-card processor’s stock worth $110,000 after purchasing an additional 236 shares in the last quarter. BDO Wealth Advisors LLC purchased a new position in shares of Visa during the second quarter worth about $115,000. Mascoma Wealth Management LLC purchased a new position in shares of Visa during the second quarter worth about $122,000. Finally, MPS Loria Financial Planners LLC purchased a new position in shares of Visa during the second quarter worth about $123,000. 81.68% of the stock is owned by institutional investors and hedge funds.
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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