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.
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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