Wedbush Increases Visa (NYSE:V) Price Target to $215.00

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Visa (NYSE:V) had its price target upped by equities research analysts at Wedbush from $195.00 to $215.00 in a research report issued to clients and investors on Tuesday, The Fly reports. The brokerage currently has an “outperform” rating on the credit-card processor’s stock. Wedbush’s price objective indicates a potential upside of 10.07% from the stock’s current price.

Several other analysts have also weighed in on the company. Raymond James upped their price objective on Visa from $193.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Morgan Stanley boosted their target price on Visa from $207.00 to $220.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Nomura boosted their target price on Visa from to and gave the stock a “buy” rating in a research report on Monday. Moffett Nathanson boosted their target price on Visa from to in a research report on Tuesday, January 7th. Finally, BMO Capital Markets boosted their target price on Visa from $231.00 to $239.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $203.79.

Shares of V stock opened at $195.33 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.56 and a current ratio of 1.56. Visa has a 1 year low of $133.30 and a 1 year high of $195.60. The stock has a fifty day moving average of $186.67 and a two-hundred day moving average of $180.02. The firm has a market capitalization of $381.60 billion, a PE ratio of 35.91, a price-to-earnings-growth ratio of 2.01 and a beta of 0.93.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, October 24th. The credit-card processor reported $1.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.04. Visa had a return on equity of 42.57% and a net margin of 52.57%. The company had revenue of $6.14 billion during the quarter, compared to analyst estimates of $6.08 billion. During the same quarter in the previous year, the firm posted $1.21 EPS. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. Equities research analysts predict that Visa will post 6.2 earnings per share for the current fiscal year.

In related news, EVP William M. Sheedy sold 21,164 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $178.71, for a total transaction of $3,782,218.44. Following the completion of the sale, the executive vice president now owns 227,126 shares in the company, valued at approximately $40,589,687.46. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $177.79, for a total value of $1,244,530.00. Following the sale, the chief executive officer now owns 55,446 shares of the company’s stock, valued at approximately $9,857,744.34. The disclosure for this sale can be found here. In the last quarter, insiders have sold 58,480 shares of company stock valued at $10,606,182. 0.17% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in the stock. Selective Wealth Management Inc. acquired a new stake in shares of Visa in the 3rd quarter valued at about $47,000. Investors Research Corp increased its stake in Visa by 40.2% in the 3rd quarter. Investors Research Corp now owns 279 shares of the credit-card processor’s stock valued at $48,000 after buying an additional 80 shares during the last quarter. NewSquare Capital LLC increased its stake in Visa by 29.2% in the 3rd quarter. NewSquare Capital LLC now owns 310 shares of the credit-card processor’s stock valued at $53,000 after buying an additional 70 shares during the last quarter. JJJ Advisors Inc. increased its stake in Visa by 203.4% in the 3rd quarter. JJJ Advisors Inc. now owns 358 shares of the credit-card processor’s stock valued at $62,000 after buying an additional 240 shares during the last quarter. Finally, Winthrop Partners WNY LLC purchased a new stake in Visa in the 3rd quarter valued at about $71,000. Hedge funds and other institutional investors own 81.08% of the company’s stock.

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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