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.
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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