Visa’s (V) Buy Rating Reiterated at Cowen
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.
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.
ILLEGAL ACTIVITY WARNING: This news story was posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another website, it was stolen and republished in violation of U.S. & international copyright laws. The correct version of this news story can be read at https://www.americanbankingnews.com/2018/01/13/visas-v-buy-rating-reiterated-at-cowen.html.
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.
Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.