Visa (NYSE:V)‘s stock had its “buy” rating restated by research analysts at Nomura in a report released on Thursday, AnalystRatings.Net reports. They currently have a $220.00 target price on the stock. Nomura’s price objective suggests a potential upside of 7.94% from the company’s current price.
In other Visa news, Insider William M. Sheedy sold 8,500 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $197.81, for a total transaction of $1,681,385.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of other analysts have also recently weighed in on V. Analysts at FBR Capital Markets raised their price target on shares of Visa from $190.00 to $210.00 in a research note to investors on Thursday. They now have a “market perform” rating on the stock. Separately, analysts at Cowen and Company raised their price target on shares of Visa from $210.00 to $230.00 in a research note to investors on Monday. Finally, analysts at Barclays raised their price target on shares of Visa from $215.00 to $240.00 in a research note to investors on Monday. They now have an “overweight” rating on the stock. Eleven investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $204.56.
Shares of Visa (NYSE:V) opened at 203.82 on Thursday. Visa has a 52 week low of $138.53 and a 52 week high of $196.00. The stock’s 50-day moving average is $193.9 and its 200-day moving average is $183.2. The company has a market cap of $131.5 billion and a P/E ratio of 24.77.
Visa (NYSE:V) last announced its earnings results on Wednesday, October 30th. The company reported $1.85 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.85. The company had revenue of $3.00 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the prior year, the company posted $1.54 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. Analysts expect that Visa will post $7.60 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, December 3rd. Shareholders of record on Friday, November 15th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Wednesday, November 13th. This is a positive change from Visa’s previous quarterly dividend of $0.33.
Visa Inc (NYSE:V) is a global payments technology company that connects consumers, businesses, banks and governments in more than 200 countries and territories to fast, secure and reliable electronic payments.
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