Shares of Visa Inc. (NYSE:V) have earned an average rating of “Buy” from the thirty-three brokerages that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $116.08.
Several research analysts have weighed in on the company. BidaskClub lowered Visa from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Zacks Investment Research downgraded Visa from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Jefferies Group LLC reiterated a “buy” rating and set a $125.00 price target (up previously from $112.00) on shares of Visa in a research note on Tuesday, October 17th. Robert W. Baird reiterated an “outperform” rating and set a $128.00 price target (up previously from $122.00) on shares of Visa in a research note on Monday, October 2nd. Finally, Morgan Stanley upped their price target on Visa from $125.00 to $126.00 and gave the stock an “overweight” rating in a research note on Thursday, October 26th.
Visa (NYSE V) opened at $110.82 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.90 and a quick ratio of 1.65. Visa has a 52-week low of $75.17 and a 52-week high of $112.90. The firm has a market capitalization of $231,370.19, a PE ratio of 32.03, a price-to-earnings-growth ratio of 1.63 and a beta of 0.97.
Visa (NYSE:V) last issued its earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.05. Visa had a return on equity of 31.80% and a net margin of 36.49%. The company had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.63 billion. During the same period in the prior year, the firm posted $0.78 EPS. The business’s revenue was up 13.9% compared to the same quarter last year. sell-side analysts anticipate that Visa will post 4.05 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Friday, November 17th will be paid a dividend of $0.195 per share. This is an increase from Visa’s previous quarterly dividend of $0.17. The ex-dividend date is Thursday, November 16th. This represents a $0.78 annualized dividend and a yield of 0.70%. Visa’s dividend payout ratio is presently 27.86%.
Large investors have recently made changes to their positions in the stock. Welch Investments LLC bought a new stake in shares of Visa in the 3rd quarter worth approximately $101,000. Cordasco Financial Network bought a new stake in shares of Visa in the 3rd quarter worth approximately $105,000. Motco lifted its position in shares of Visa by 25.1% in the 2nd quarter. Motco now owns 1,176 shares of the credit-card processor’s stock worth $110,000 after acquiring an additional 236 shares during the period. Massey Quick Simon & CO. LLC bought a new stake in shares of Visa in the 3rd quarter worth approximately $110,000. Finally, BDO Wealth Advisors LLC bought a new stake in shares of Visa in the 2nd quarter worth approximately $115,000. Hedge funds and other institutional investors own 82.09% of the company’s stock.
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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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