Shares of Visa Inc (NYSE:V) have been given an average recommendation of “Buy” by the twenty-nine brokerages that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and twenty-two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $213.85.
A number of research analysts have recently issued reports on the stock. Credit Suisse Group dropped their price target on shares of Visa from $223.00 to $200.00 and set an “outperform” rating on the stock in a research report on Wednesday. Compass Point assumed coverage on shares of Visa in a research report on Thursday, December 5th. They issued a “buy” rating on the stock. BMO Capital Markets dropped their price target on shares of Visa from $232.00 to $229.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. Royal Bank of Canada dropped their price target on shares of Visa from to in a research report on Thursday. Finally, Oppenheimer boosted their price target on shares of Visa from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th.
In other Visa news, insider Rajat Taneja sold 10,685 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $208.29, for a total transaction of $2,225,578.65. Following the completion of the sale, the insider now owns 282,318 shares in the company, valued at approximately $58,804,016.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO James H. Hoffmeister sold 2,186 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $208.71, for a total transaction of $456,240.06. The disclosure for this sale can be found here. Insiders sold a total of 39,371 shares of company stock valued at $7,814,759 in the last quarter. 0.19% of the stock is currently owned by company insiders.
NYSE:V traded up $7.10 during mid-day trading on Monday, hitting $168.88. 17,061,613 shares of the company’s stock were exchanged, compared to its average volume of 12,724,520. The company has a 50 day simple moving average of $185.40 and a 200-day simple moving average of $184.53. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.46. Visa has a fifty-two week low of $133.93 and a fifty-two week high of $214.17. The firm has a market capitalization of $303.27 billion, a P/E ratio of 30.82, a PEG ratio of 1.66 and a beta of 0.94.
Visa (NYSE:V) last posted its earnings results on Thursday, January 30th. The credit-card processor reported $1.46 EPS for the quarter, hitting the consensus estimate of $1.46. Visa had a net margin of 52.60% and a return on equity of 43.15%. The business had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $6.08 billion. During the same period last year, the company earned $1.30 EPS. The firm’s revenue was up 10.0% compared to the same quarter last year. As a group, analysts expect that Visa will post 6.02 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Friday, February 14th were paid a $0.30 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.20 annualized dividend and a dividend yield of 0.71%. This is a positive change from Visa’s previous quarterly dividend of $0.25. Visa’s payout ratio is currently 22.06%.
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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