Visa (NYSE:V) Upgraded to “Strong-Buy” at BMO Capital Markets

Visa (NYSE:VGet Free Report) was upgraded by investment analysts at BMO Capital Markets to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

V has been the topic of a number of other reports. Truist Financial set a $372.00 price objective on Visa in a research note on Tuesday, February 10th. TD Cowen reiterated a “buy” rating on shares of Visa in a research note on Friday, January 30th. Citigroup dropped their price objective on Visa from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Freedom Capital upgraded Visa from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 16th. Finally, Rothschild & Co Redburn set a $385.00 price target on Visa in a research note on Wednesday, January 28th. Seven investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Visa currently has an average rating of “Buy” and an average target price of $388.25.

Check Out Our Latest Report on Visa

Visa Trading Up 0.4%

Visa stock opened at $311.05 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.11 and a current ratio of 1.11. The business’s 50-day simple moving average is $310.27 and its 200-day simple moving average is $328.58. The firm has a market capitalization of $564.61 billion, a PE ratio of 29.18, a PEG ratio of 1.78 and a beta of 0.80. Visa has a 52 week low of $293.89 and a 52 week high of $375.51.

Visa (NYSE:VGet Free Report) last posted its quarterly earnings data on Thursday, January 29th. The credit-card processor reported $3.17 EPS for the quarter, topping analysts’ consensus estimates of $3.14 by $0.03. The business had revenue of $10.90 billion for the quarter, compared to analyst estimates of $10.69 billion. Visa had a return on equity of 61.74% and a net margin of 50.23%.The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.75 earnings per share. Equities research analysts forecast that Visa will post 12.84 earnings per share for the current year.

Insider Transactions at Visa

In related news, Director Lloyd Carney sold 650 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total transaction of $201,253.00. Following the transaction, the director directly owned 2,679 shares in the company, valued at $829,471.98. The trade was a 19.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.12% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Visa

Several institutional investors and hedge funds have recently added to or reduced their stakes in V. Clayton Financial Group LLC grew its stake in shares of Visa by 446.2% in the 4th quarter. Clayton Financial Group LLC now owns 71 shares of the credit-card processor’s stock valued at $25,000 after purchasing an additional 58 shares during the period. PayPay Securities Corp grew its stake in shares of Visa by 102.7% in the 4th quarter. PayPay Securities Corp now owns 75 shares of the credit-card processor’s stock valued at $26,000 after purchasing an additional 38 shares during the period. Cresta Advisors Ltd. bought a new stake in shares of Visa in the 4th quarter valued at approximately $26,000. Parvin Asset Management LLC grew its stake in shares of Visa by 200.0% in the 3rd quarter. Parvin Asset Management LLC now owns 75 shares of the credit-card processor’s stock valued at $26,000 after purchasing an additional 50 shares during the period. Finally, Dorato Capital Management bought a new stake in shares of Visa in the 4th quarter valued at approximately $30,000. 82.15% of the stock is currently owned by institutional investors.

Visa News Summary

Here are the key news stories impacting Visa this week:

About Visa

(Get Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

Further Reading

Analyst Recommendations for Visa (NYSE:V)

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