Visa (NYSE:V) PT Raised to $220.00

Visa (NYSE:V) had its target price increased by equities research analysts at KeyCorp from $215.00 to $220.00 in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. The firm currently has an “overweight” rating on the credit-card processor’s stock. KeyCorp’s target price suggests a potential upside of 6.08% from the stock’s previous close.

Other analysts also recently issued reports about the stock. William Blair reiterated an “outperform” rating on shares of Visa in a research report on Tuesday, January 14th. Macquarie initiated coverage on shares of Visa in a research report on Tuesday, January 21st. They issued an “outperform” rating and a $250.00 price objective on the stock. Wedbush reiterated a “buy” rating and issued a $215.00 price objective on shares of Visa in a research report on Monday. Oppenheimer lifted their price objective on shares of Visa from $202.00 to $210.00 and gave the company an “outperform” rating in a research report on Thursday, January 16th. Finally, Guggenheim reiterated a “buy” rating and issued a $222.00 price objective on shares of Visa in a research report on Monday, February 3rd. Four analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. Visa has a consensus rating of “Buy” and a consensus price target of $217.62.

NYSE V opened at $207.40 on Wednesday. Visa has a one year low of $142.40 and a one year high of $210.13. The company has a 50-day simple moving average of $198.22 and a 200-day simple moving average of $183.89. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market capitalization of $404.26 billion, a PE ratio of 37.85, a price-to-earnings-growth ratio of 2.17 and a beta of 0.91.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $1.46 EPS for the quarter, meeting the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $6.08 billion. During the same period in the previous year, the business posted $1.30 EPS. The company’s quarterly revenue was up 10.0% on a year-over-year basis. Equities analysts forecast that Visa will post 6.15 earnings per share for the current year.

In other Visa news, EVP William M. Sheedy sold 3,110 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $182.52, for a total transaction of $567,637.20. Following the sale, the executive vice president now directly owns 227,740 shares in the company, valued at approximately $41,567,104.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $204.00, for a total transaction of $1,428,000.00. Following the sale, the chief executive officer now owns 148,090 shares in the company, valued at $30,210,360. The disclosure for this sale can be found here. Insiders have sold a total of 37,316 shares of company stock worth $7,007,434 over the last 90 days. 0.19% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in V. BlackRock Inc. increased its position in shares of Visa by 2.3% in the second quarter. BlackRock Inc. now owns 123,791,138 shares of the credit-card processor’s stock worth $21,483,952,000 after acquiring an additional 2,773,330 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Visa by 2.1% in the third quarter. Fisher Asset Management LLC now owns 20,200,734 shares of the credit-card processor’s stock worth $3,474,728,000 after acquiring an additional 419,991 shares in the last quarter. Magellan Asset Management Ltd increased its position in shares of Visa by 2.8% in the fourth quarter. Magellan Asset Management Ltd now owns 14,517,335 shares of the credit-card processor’s stock worth $2,727,807,000 after acquiring an additional 394,660 shares in the last quarter. Polen Capital Management LLC increased its position in shares of Visa by 2.8% in the fourth quarter. Polen Capital Management LLC now owns 10,160,598 shares of the credit-card processor’s stock worth $1,909,176,000 after acquiring an additional 277,305 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Visa by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,672,697 shares of the credit-card processor’s stock worth $1,441,700,000 after acquiring an additional 64,937 shares in the last quarter. 81.39% of the stock is currently owned by institutional investors.

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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