Visa (NYSE:V) had its price target raised by equities researchers at Morgan Stanley from $126.00 to $137.00 in a research report issued on Thursday. The brokerage presently has an “overweight” rating on the credit-card processor’s stock. Morgan Stanley’s price target suggests a potential upside of 9.53% from the company’s current price.
Several other research firms also recently issued reports on V. Mizuho reiterated a “buy” rating and set a $115.00 price target on shares of Visa in a research note on Thursday, October 12th. Citigroup reissued a “buy” rating and set a $136.00 price objective (up previously from $124.00) on shares of Visa in a research report on Friday, January 12th. BMO Capital Markets boosted their price objective on Visa from $116.00 to $134.00 and gave the stock an “outperform” rating in a research report on Thursday, October 26th. Vetr cut Visa from a “buy” rating to a “hold” rating and set a $113.35 price objective for the company. in a research report on Wednesday, October 25th. Finally, Barclays boosted their price objective on Visa from $123.00 to $128.00 and gave the stock an “overweight” rating in a research report on Thursday, October 26th. Five 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 company. Visa presently has a consensus rating of “Buy” and a consensus target price of $123.58.
Visa (V) traded up $0.53 on Thursday, hitting $125.08. The stock had a trading volume of 1,034,603 shares, compared to its average volume of 7,630,000. The company has a market cap of $283,460.00, a P/E ratio of 44.67, a PEG ratio of 1.82 and a beta of 0.99. Visa has a 52 week low of $81.57 and a 52 week high of $125.51. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.90 and a current ratio of 1.90.
In other news, SVP James H. Hoffmeister sold 2,146 shares of the 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 transaction, the senior vice president now directly owns 687 shares of the company’s stock, valued at approximately $77,005.83. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Tullier Kelly Mahon sold 49,702 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $113.66, for a total value of $5,649,129.32. Following the completion of the transaction, the executive vice president now directly owns 76,202 shares of the company’s stock, valued at $8,661,119.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,068 shares of company stock valued at $6,597,262. Insiders own 0.14% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of V. Welch Investments LLC acquired a new position in shares of Visa in the 3rd quarter worth approximately $101,000. Cordasco Financial Network bought a new stake in Visa during the 3rd quarter worth approximately $105,000. Motco grew its position in Visa by 25.1% during the 2nd quarter. Motco now owns 1,176 shares of the credit-card processor’s stock worth $110,000 after acquiring an additional 236 shares during the last quarter. Massey Quick Simon & CO. LLC bought a new stake in Visa during the 3rd quarter worth approximately $110,000. Finally, BDO Wealth Advisors LLC bought a new stake in Visa during the 2nd quarter worth approximately $115,000. 81.58% of the stock is owned by institutional investors and hedge funds.
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.
