Visa (NYSE:V)‘s stock had its “buy” rating reissued by investment analysts at Cowen in a report released on Friday. They presently have a $129.00 price target on the credit-card processor’s stock. Cowen’s price target indicates a potential upside of 7.42% from the company’s current price.

Several other brokerages have also recently commented on V. Vetr cut shares of Visa from a “buy” rating to a “hold” rating and set a $121.05 target price for the company. in a report on Monday, January 8th. Citigroup restated a “buy” rating and set a $136.00 target price (up previously from $124.00) on shares of Visa in a report on Friday. Loop Capital increased their target price on shares of Visa from $111.00 to $123.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Robert W. Baird restated a “buy” rating and set a $122.00 target price on shares of Visa in a report on Tuesday, September 26th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $141.00 target price on shares of Visa in a report on Friday, December 22nd. Four research analysts have rated the stock with a hold rating, twenty-eight have assigned 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 price target of $122.03.

Visa (V) opened at $120.09 on Friday. The firm has a market cap of $248,265.47, a P/E ratio of 42.89, a PEG ratio of 1.75 and a beta of 0.97. Visa has a 1-year low of $80.51 and a 1-year high of $120.48. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.61.

Visa (NYSE:V) last released its quarterly earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.05. The company had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.63 billion. Visa had a net margin of 36.49% and a return on equity of 31.80%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.78 earnings per share. sell-side analysts expect that Visa will post 4.07 EPS for the current fiscal year.

In other news, Director Robert W. Matschullat sold 6,220 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $113.76, for a total value of $707,587.20. Following the transaction, the director now directly owns 57,368 shares of the company’s stock, valued at $6,526,183.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP James H. Hoffmeister sold 2,146 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $112.09, for a total transaction of $240,545.14. Following the completion of the transaction, the senior vice president now directly owns 687 shares in the company, valued at $77,005.83. The disclosure for this sale can be found here. Insiders sold 58,068 shares of company stock worth $6,597,262 over the last three months. Insiders own 0.14% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in V. Vantage Financial Partners Ltd. Inc. acquired a new stake in Visa during the second quarter worth about $958,000. Welch Investments LLC acquired a new stake in Visa during the third quarter worth about $101,000. Cordasco Financial Network acquired a new stake in Visa during the third quarter worth about $105,000. Massey Quick Simon & CO. LLC acquired a new stake in Visa during the third quarter worth about $110,000. Finally, Motco grew its stake 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 buying an additional 236 shares in the last quarter. Institutional investors and hedge funds own 81.50% of the company’s stock.

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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.

Analyst Recommendations for Visa (NYSE:V)

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