Visa (NYSE:V)‘s stock had its “buy” rating restated by equities researchers at TheStreet in a research report issued on Friday, StockRatingsNetwork reports.
The analysts wrote, “Visa (V) has been reiterated by TheStreet Ratings as a buy with a ratings score of A. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
A number of other firms have also recently commented on V. Analysts at Zacks reiterated an “outperform” rating on shares of Visa in a research note to investors on Monday. They now have a $2.00 price target on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of Visa from $217.00 to $255.00 in a research note to investors on Friday, November 1st. They now have a “buy” rating on the stock. Finally, analysts at Raymond James raised their price target on shares of Visa from $220.00 to $235.00 in a research note to investors on Friday, November 1st. They now have a “strong-buy” rating on the stock. Ten analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $202.18.
In other Visa news, Insider Elizabeth Buse sold 4,405 shares of Visa stock on the open market in a transaction dated Monday, December 2nd. The stock was sold at an average price of $205.92, for a total transaction of $907,077.60. Following the transaction, the insider now directly owns 22,409 shares in the company, valued at approximately $4,614,461. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Visa (NYSE:V) opened at 201.71 on Friday. Visa has a 52-week low of $146.25 and a 52-week high of $206.49. The stock’s 50-day moving average is $200.5 and its 200-day moving average is $188.3. The company has a market cap of $128.7 billion and a P/E ratio of 26.58.
Visa (NYSE:V) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $1.85 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $1.54 earnings per share. Visa’s revenue was up 8.9% compared to the same quarter last year. Analysts expect that Visa will post $8.88 EPS for the current fiscal year.
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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