Visa (V) – Research Analysts’ Weekly Ratings Updates

A number of firms have modified their ratings and price targets on shares of Visa (NYSE: V) recently:

  • 10/17/2017 – Visa had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $125.00 price target on the stock, up previously from $112.00.
  • 10/13/2017 – Visa is now covered by analysts at Stephens. They set an “overweight” rating and a $125.00 price target on the stock.
  • 10/12/2017 – Visa had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $107.00 price target on the stock.
  • 10/12/2017 – Visa had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $115.00 price target on the stock.
  • 10/10/2017 – Visa was upgraded by analysts at Wells Fargo & Company from a “market perform” rating to an “outperform” rating. They now have a $120.00 price target on the stock, up previously from $107.01.
  • 10/4/2017 – Visa had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $110.00 price target on the stock.
  • 10/2/2017 – Visa is now covered by analysts at Buckingham Research. They set a “buy” rating and a $129.00 price target on the stock.
  • 10/2/2017 – Visa had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $128.00 price target on the stock, up previously from $122.00.
  • 9/28/2017 – Visa is now covered by analysts at Cantor Fitzgerald. They set an “overweight” rating and a $120.00 price target on the stock. They wrote, “Visa is a card network that facilitates transactions among card (credit, debit, prepaid or commercial) users, issuers, merchants and acquirers. Card networks act as intermediaries, utilizing network capabilities and infrastructure to facilitate the authorization, clearance, and settlement of payment transactions. Visa facilitates payments within a four-party model card payment scheme, wherein the issuer and acquirer are different entities.””
  • 9/26/2017 – Visa was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $108.51 price target on the stock.
  • 9/26/2017 – Visa had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $122.00 price target on the stock.
  • 9/22/2017 – Visa had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $124.00 price target on the stock.
  • 9/19/2017 – Visa was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $117.00 price target on the stock. According to Zacks, “Shares of Visa have outperformed the industry, year to date. Numerous strategic acquisitions and alliances, technology upgrades and effective marketing have paved the way for the company's long-term growth. Visa is well poised to gain from the growing electronic payment processing and strong international business. A solid balance sheet position ensures effective capital deployment. The stock has seen the Zacks Consensus Estimate for current-year earnings being revised 1.8% upward over the last 60 days.”
  • 9/13/2017 – Visa was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $105.08 price target on the stock.
  • 9/12/2017 – Visa had its “outperform” rating reaffirmed by analysts at BMO Capital Markets.
  • 9/7/2017 – Visa was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $101.08 price target on the stock.
  • 8/25/2017 – Visa had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $110.00 price target on the stock.
  • 8/24/2017 – Visa had its “buy” rating reaffirmed by analysts at Robert W. Baird.
  • 8/24/2017 – Visa had its “overweight” rating reaffirmed by analysts at UBS AG.
  • 8/22/2017 – Visa was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $100.88 price target on the stock.

Shares of Visa Inc (NYSE V) traded down 0.70% during midday trading on Tuesday, reaching $107.54. The company had a trading volume of 5,979,405 shares. Visa Inc has a 52 week low of $75.17 and a 52 week high of $109.26. The firm has a market capitalization of $245.88 billion, a price-to-earnings ratio of 39.99 and a beta of 0.94. The stock has a 50-day moving average of $105.24 and a 200 day moving average of $97.71.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.05. Visa had a return on equity of 30.90% and a net margin of 45.10%. The company had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the previous year, the firm posted $0.69 earnings per share. The firm’s revenue for the quarter was up 25.8% on a year-over-year basis. On average, analysts anticipate that Visa Inc will post $3.43 earnings per share for the current year.

In other Visa news, EVP Tullier Kelly Mahon sold 29,772 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $100.91, for a total transaction of $3,004,292.52. Following the sale, the executive vice president now directly owns 17,360 shares of the company’s stock, valued at $1,751,797.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mary B. Cranston sold 10,400 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $103.32, for a total value of $1,074,528.00. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

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.

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