Visa Inc (NYSE:V) Given Consensus Rating of “Buy” by Brokerages

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Visa Inc (NYSE:V) has received a consensus recommendation of “Buy” from the twenty-four research firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and twenty-two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $186.00.

Several research firms have commented on V. Zacks Investment Research lowered Zai Lab from a “buy” rating to a “hold” rating in a research report on Saturday, June 15th. Oppenheimer set a $119.00 price objective on American Express and gave the company a “buy” rating in a research report on Wednesday, April 17th. Nomura raised their price objective on Visa from $175.00 to $178.00 and gave the company a “buy” rating in a research report on Thursday, April 25th. Goldman Sachs Group set a €14.15 ($16.45) price objective on Assicurazioni Generali and gave the company a “sell” rating in a research report on Thursday, May 2nd. Finally, BMO Capital Markets set a $32.00 price objective on Axalta Coating Systems and gave the company a “hold” rating in a research report on Friday, April 26th.

In other news, EVP William M. Sheedy sold 75,676 shares of Visa stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $165.24, for a total transaction of $12,504,702.24. Following the sale, the executive vice president now directly owns 300,114 shares of the company’s stock, valued at $49,590,837.36. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.17% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Lowe Wealth Advisors LLC grew its stake in Visa by 114.7% in the second quarter. Lowe Wealth Advisors LLC now owns 161 shares of the credit-card processor’s stock worth $28,000 after purchasing an additional 86 shares in the last quarter. Essex Investment Management Co. LLC acquired a new position in Visa in the fourth quarter valued at approximately $33,000. Hexavest Inc. acquired a new position in Visa in the second quarter valued at approximately $40,000. Ironwood Financial llc boosted its stake in Visa by 67.5% in the fourth quarter. Ironwood Financial llc now owns 335 shares of the credit-card processor’s stock valued at $44,000 after acquiring an additional 135 shares during the period. Finally, Mackey Komara & Dankovich LLC boosted its stake in Visa by 406.6% in the second quarter. Mackey Komara & Dankovich LLC now owns 1,611 shares of the credit-card processor’s stock valued at $56,000 after acquiring an additional 1,293 shares during the period. 81.00% of the stock is currently owned by institutional investors and hedge funds.

Visa stock traded up $1.33 during midday trading on Wednesday, reaching $180.57. The stock had a trading volume of 4,796,824 shares, compared to its average volume of 5,721,412. Visa has a twelve month low of $121.60 and a twelve month high of $181.84. The stock has a market capitalization of $357.77 billion, a PE ratio of 39.17, a PEG ratio of 2.03 and a beta of 0.96. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.62 and a quick ratio of 1.62. The firm has a 50-day moving average price of $172.63.

Visa (NYSE:V) last issued its earnings results on Wednesday, April 24th. The credit-card processor reported $1.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.07. Visa had a return on equity of 40.56% and a net margin of 51.34%. The firm had revenue of $5.49 billion for the quarter, compared to analysts’ expectations of $5.46 billion. During the same quarter last year, the firm earned $1.11 earnings per share. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. Analysts predict that Visa will post 5.37 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Thursday, August 15th. Visa’s payout ratio is 21.69%.

Visa Company Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Analyst Recommendations for Visa (NYSE:V)

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