Visa (NYSE:V) was downgraded by equities researchers at Vetr from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday. They presently have a $117.74 price target on the credit-card processor’s stock. Vetr‘s price target would suggest a potential upside of 3.77% from the company’s current price.

V has been the topic of several other research reports. Wells Fargo & Company raised Visa from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $107.01 to $120.00 in a research report on Tuesday, October 10th. UBS reissued an “overweight” rating on shares of Visa in a research report on Thursday, August 24th. KeyCorp reissued a “buy” rating and set a $118.00 target price on shares of Visa in a research report on Wednesday, October 18th. Barclays raised their target price on Visa from $114.00 to $123.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 18th. Finally, Morgan Stanley raised their target price on Visa from $114.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, October 20th. Three research analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $117.16.

Visa (NYSE V) traded up $1.09 during mid-day trading on Tuesday, reaching $113.46. The company’s stock had a trading volume of 8,753,666 shares, compared to its average volume of 7,664,054. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.61. The firm has a market cap of $233,266.78, a price-to-earnings ratio of 32.36, a P/E/G ratio of 1.65 and a beta of 0.97. Visa has a 52 week low of $77.19 and a 52 week high of $113.73.

Visa (NYSE:V) last posted its quarterly earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.05. The company had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.63 billion. Visa had a return on equity of 31.80% and a net margin of 36.49%. Visa’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 EPS. equities analysts anticipate that Visa will post 4.05 earnings per share for the current fiscal year.

In other news, SVP James H. Hoffmeister sold 2,146 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $112.09, for a total value of $240,545.14. Following the completion of the sale, the senior vice president now directly owns 687 shares of the company’s stock, valued at approximately $77,005.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of V. Aspen Investment Management Inc raised its holdings in shares of Visa by 0.4% in the first quarter. Aspen Investment Management Inc now owns 9,272 shares of the credit-card processor’s stock worth $824,000 after acquiring an additional 40 shares during the last quarter. Dumont & Blake Investment Advisors LLC raised its holdings in shares of Visa by 1.3% in the first quarter. Dumont & Blake Investment Advisors LLC now owns 7,620 shares of the credit-card processor’s stock worth $677,000 after acquiring an additional 95 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of Visa by 5.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 17,337 shares of the credit-card processor’s stock worth $1,541,000 after acquiring an additional 874 shares during the last quarter. Crawford Investment Counsel Inc. raised its holdings in shares of Visa by 6.7% in the first quarter. Crawford Investment Counsel Inc. now owns 126,007 shares of the credit-card processor’s stock worth $11,198,000 after acquiring an additional 7,893 shares during the last quarter. Finally, Swiss National Bank raised its holdings in shares of Visa by 23.2% in the first quarter. Swiss National Bank now owns 7,360,428 shares of the credit-card processor’s stock worth $654,121,000 after acquiring an additional 1,388,200 shares during the last quarter. 81.91% of the stock is owned by hedge funds and other institutional investors.

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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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Visa (NYSE:V)

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