Visa Inc. (NYSE:V) Receives Consensus Rating of “Buy” from Analysts

Shares of Visa Inc. (NYSE:V – Get Rating) have received a consensus rating of “Buy” from the twenty-seven analysts that are currently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $265.24.

V has been the subject of several recent research reports. Citigroup dropped their target price on shares of Visa from $285.00 to $265.00 in a report on Monday, April 25th. Robert W. Baird cut their price target on shares of Visa from $305.00 to $290.00 in a report on Friday, January 28th. Wedbush lifted their price objective on shares of Visa from $240.00 to $270.00 and gave the company an “outperform” rating in a research note on Friday, January 28th. Credit Suisse Group lifted their price target on shares of Visa from $260.00 to $265.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 27th. Finally, Barclays dropped their price target on shares of Visa from $265.00 to $260.00 and set an “overweight” rating for the company in a research note on Monday, April 4th.

In other Visa news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the stock in a transaction on Friday, April 29th. The stock was sold at an average price of $218.62, for a total transaction of $1,967,580.00. Following the completion of the transaction, the chief executive officer now directly owns 165,887 shares in the company, valued at $36,266,215.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Ryan Mcinerney sold 6,466 shares of the stock in a transaction on Tuesday, February 8th. The stock was sold at an average price of $226.11, for a total value of $1,462,027.26. The disclosure for this sale can be found here. Insiders have sold 47,513 shares of company stock valued at $10,492,649 in the last ninety days. Company insiders own 0.21% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. OLD Mission Capital LLC acquired a new stake in shares of Visa during the third quarter worth about $373,000. Morgan Stanley raised its position in shares of Visa by 1.3% during the second quarter. Morgan Stanley now owns 41,708,994 shares of the credit-card processor’s stock worth $9,752,396,000 after purchasing an additional 533,415 shares during the period. Keudell Morrison Wealth Management raised its position in shares of Visa by 1.7% during the third quarter. Keudell Morrison Wealth Management now owns 12,330 shares of the credit-card processor’s stock worth $2,747,000 after purchasing an additional 205 shares during the period. New World Advisors LLC acquired a new stake in Visa in the 3rd quarter valued at approximately $457,000. Finally, Moors & Cabot Inc. raised its position in Visa by 36.0% in the 3rd quarter. Moors & Cabot Inc. now owns 102,000 shares of the credit-card processor’s stock valued at $103,000 after buying an additional 26,985 shares during the last quarter. Institutional investors and hedge funds own 80.77% of the company’s stock.

NYSE V opened at $202.82 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.53. Visa has a 52 week low of $186.67 and a 52 week high of $252.67. The stock has a market capitalization of $388.24 billion, a PE ratio of 31.89, a price-to-earnings-growth ratio of 1.78 and a beta of 0.90. The firm has a 50 day moving average of $212.45 and a two-hundred day moving average of $214.14.

Visa (NYSE:V – Get Rating) last issued its earnings results on Tuesday, April 26th. The credit-card processor reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.14. The business had revenue of $7.19 billion during the quarter, compared to analysts’ expectations of $6.82 billion. Visa had a net margin of 51.10% and a return on equity of 42.89%. The company’s revenue for the quarter was up 25.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.38 EPS. On average, equities research analysts expect that Visa will post 7.14 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 1st. Investors of record on Friday, May 13th will be paid a $0.375 dividend. The ex-dividend date is Thursday, May 12th. This represents a $1.50 annualized dividend and a dividend yield of 0.74%. Visa’s payout ratio is 23.58%.

Visa Company Profile (Get Rating)

Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

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