Visa (NYSE:V) declared a quarterly dividend on Tuesday, July 16th, Analyst Ratings Network.com reports. Shareholders of record on Friday, August 16th will be given a dividend of $0.33 per share on Wednesday, September 4th. This represents a $1.32 dividend on an annualized basis and a yield of 0.70%.
Several analysts have recently commented on the stock. Analysts at Guggenheim raised their price target on shares of Visa from $205.00 to $220.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. On a related note, analysts at TheStreet reiterated a “buy” rating on shares of Visa in a research note to investors on Monday. Finally, analysts at Barclays Capital raised their price target on shares of Visa from $200.00 to $205.00 in a research note to investors on Monday, July 8th. They now have an “overweight” rating on the stock.
Ten equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $189.71.
Shares of Visa (NYSE: V) opened at 189.38 on Wednesday. Visa has a one year low of $121.28 and a one year high of $192.77. The stock’s 50-day moving average is currently $182.9. The company has a market cap of $123.1 billion and a P/E ratio of 53.14.
Visa (NYSE: V) last announced its earnings results on Wednesday, May 1st. The company reported $1.92 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.81 by $0.11. The company had revenue of $2.96 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter last year, the company posted $1.60 earnings per share. Visa’s revenue was up 14.7% compared to the same quarter last year. Analysts expect that Visa will post $7.50 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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