Shares of Visa Inc. (NYSE:V – Get Free Report) have received an average recommendation of “Moderate Buy” from the twenty-nine brokerages that are currently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, twenty-two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $309.54.
Several equities research analysts have issued reports on the company. Macquarie reaffirmed an “outperform” rating and set a $300.00 price target on shares of Visa in a research note on Wednesday, July 24th. Morgan Stanley dropped their target price on Visa from $326.00 to $322.00 and set an “overweight” rating for the company in a research report on Wednesday, July 24th. BNP Paribas upgraded shares of Visa from a “neutral” rating to an “outperform” rating and set a $325.00 price target on the stock in a research report on Tuesday, September 3rd. Royal Bank of Canada lowered their price objective on shares of Visa from $315.00 to $311.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Finally, TD Cowen cut their price objective on shares of Visa from $320.00 to $318.00 and set a “buy” rating for the company in a research note on Wednesday, July 24th.
Check Out Our Latest Stock Report on Visa
Insider Buying and Selling
Hedge Funds Weigh In On Visa
A number of institutional investors have recently bought and sold shares of the stock. Hilltop National Bank purchased a new stake in Visa in the first quarter worth about $1,212,000. Absolute Capital Management LLC purchased a new stake in shares of Visa during the first quarter valued at approximately $404,000. SageView Advisory Group LLC grew its holdings in shares of Visa by 40.4% during the fourth quarter. SageView Advisory Group LLC now owns 25,137 shares of the credit-card processor’s stock valued at $6,967,000 after buying an additional 7,236 shares during the last quarter. Davidson Capital Management Inc. grew its holdings in shares of Visa by 0.5% during the first quarter. Davidson Capital Management Inc. now owns 9,275 shares of the credit-card processor’s stock valued at $2,588,000 after buying an additional 44 shares during the last quarter. Finally, Empirical Finance LLC grew its holdings in shares of Visa by 4.4% during the first quarter. Empirical Finance LLC now owns 45,724 shares of the credit-card processor’s stock valued at $12,761,000 after buying an additional 1,914 shares during the last quarter. 82.15% of the stock is owned by institutional investors.
Visa Stock Up 0.3 %
V stock opened at $279.37 on Tuesday. The company’s 50 day moving average is $266.53 and its 200 day moving average is $273.13. The stock has a market cap of $509.10 billion, a price-to-earnings ratio of 31.21, a price-to-earnings-growth ratio of 1.98 and a beta of 0.96. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.54. Visa has a 1-year low of $227.78 and a 1-year high of $290.96.
Visa (NYSE:V – Get Free Report) last issued its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 EPS for the quarter, hitting analysts’ consensus estimates of $2.42. Visa had a net margin of 54.72% and a return on equity of 51.94%. The firm had revenue of $8.90 billion for the quarter, compared to analyst estimates of $8.92 billion. During the same quarter in the prior year, the firm earned $2.16 EPS. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. Sell-side analysts predict that Visa will post 9.92 EPS for the current fiscal year.
Visa Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 9th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Friday, August 9th. Visa’s payout ratio is currently 23.24%.
Visa Company Profile
Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.
Read More
- Five stocks we like better than Visa
- What Is WallStreetBets and What Stocks Are They Targeting?
- Is Merck Stock Undervalued After Its Colossal Earnings Growth?
- 5 Top Rated Dividend Stocks to Consider
- Top 5 ETFs for Every Investor: From Semiconductors to Defense
- How to Invest in the FAANG Stocks
- Blade Air Mobility: This Under-the-Radar Stock Could Double Soon
Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.