Visa Inc. (V) Price Target Increased to $125.00 by Analysts at Morgan Stanley
Visa Inc. (NYSE:V) had its price target lifted by Morgan Stanley from $114.00 to $125.00 in a research report issued on Friday. The firm currently has an “overweight” rating on the credit-card processor’s stock. Morgan Stanley’s price target would suggest a potential upside of 16.80% from the stock’s current price.
A number of other research analysts have also weighed in on V. Wells Fargo & Co raised shares of Visa from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $107.01 to $120.00 in a research note on Tuesday, October 10th. UBS AG reaffirmed an “overweight” rating on shares of Visa in a research note on Thursday, August 24th. Deutsche Bank AG lifted their price target on shares of Visa from $124.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, July 10th. Nomura lifted their price target on shares of Visa from $105.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, July 21st. Finally, KeyCorp reaffirmed a “buy” rating and issued a $110.00 price target on shares of Visa in a research note on Friday, August 25th. Two equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $111.86.
Shares of Visa (NYSE V) opened at 107.02 on Friday. Visa has a 12-month low of $75.17 and a 12-month high of $109.26. The stock’s 50 day moving average is $105.64 and its 200-day moving average is $98.12. The firm has a market cap of $244.69 billion, a price-to-earnings ratio of 39.80 and a beta of 0.93.
Visa (NYSE:V) last released its quarterly earnings data on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.05. Visa had a net margin of 36.53% and a return on equity of 30.95%. The business had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same quarter last year, the firm earned $0.69 EPS. Visa’s quarterly revenue was up 25.8% compared to the same quarter last year. On average, analysts anticipate that Visa will post $3.43 EPS for the current fiscal year.
In other news, EVP Tullier Kelly Mahon sold 29,772 shares of the business’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $100.91, for a total value of $3,004,292.52. Following the completion of the sale, the executive vice president now owns 17,360 shares of the company’s stock, valued at $1,751,797.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mary B. Cranston sold 10,400 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $103.32, for a total transaction of $1,074,528.00. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.
Several institutional investors have recently made changes to their positions in V. Lombard Odier Transatlantic Limited Partnership lifted its position in Visa by 57.5% during the third quarter. Lombard Odier Transatlantic Limited Partnership now owns 1,260 shares of the credit-card processor’s stock worth $104,000 after purchasing an additional 460 shares during the period. Mercer Capital Advisers Inc. lifted its position in 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 during the period. Motco lifted its position in 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 during the period. Iowa State Bank bought a new stake in Visa during the second quarter worth about $111,000. Finally, West Oak Capital LLC lifted its position in Visa by 245.5% during the second quarter. West Oak Capital LLC now owns 1,534 shares of the credit-card processor’s stock worth $114,000 after purchasing an additional 1,090 shares during the period. 81.65% of the stock is owned by institutional investors.
Visa Company Profile
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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