Somewhat Favorable Media Coverage Likely to Affect Visa (V) Stock Price

Media coverage about Visa (NYSE:V) has been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Visa earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave headlines about the credit-card processor an impact score of 72 out of 100, indicating that recent media coverage is likely to have an effect on the company’s share price in the near future.

Here are some of the headlines that may have impacted Accern’s rankings:

Visa (NYSE:V) opened at 96.83 on Tuesday. The stock has a market capitalization of $223.33 billion, a PE ratio of 48.32 and a beta of 0.93. The stock’s 50 day moving average price is $94.45 and its 200 day moving average price is $88.30. Visa has a 1-year low of $75.17 and a 1-year high of $97.37.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, April 20th. The credit-card processor reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.07. Visa had a return on equity of 29.14% and a net margin of 28.78%. The firm had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.29 billion. During the same period last year, the company earned $0.68 EPS. Visa’s quarterly revenue was up 23.5% compared to the same quarter last year. On average, equities research analysts predict that Visa will post $3.36 earnings per share for the current fiscal year.

Visa announced that its Board of Directors has initiated a share buyback program on Thursday, April 20th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the credit-card processor to repurchase up to 2.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

V has been the subject of a number of recent analyst reports. Vetr downgraded shares of Visa from a “buy” rating to a “hold” rating and set a $100.12 target price for the company. in a research report on Monday. Sanford C. Bernstein reissued an “outperform” rating and set a $110.00 target price on shares of Visa in a research report on Thursday, July 13th. Jefferies Group LLC set a $96.00 price target on Visa and gave the stock a “buy” rating in a report on Saturday, March 25th. BidaskClub upgraded Visa from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Finally, Sandler O’Neill restated a “hold” rating on shares of Visa in a report on Wednesday, June 21st. Five investment analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Visa has an average rating of “Buy” and a consensus price target of $98.75.

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In related news, Vice Chairman Ellen Richey sold 31,260 shares of the firm’s stock in a transaction that occurred on Tuesday, April 25th. The stock was sold at an average price of $91.94, for a total transaction of $2,874,044.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is currently owned by company insiders.

Visa Company Profile

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

Insider Buying and Selling by Quarter for Visa (NYSE:V)

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