Visa (NYSE:V) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Visa (NYSE:V) had its price target lifted by stock analysts at Morgan Stanley from $326.00 to $371.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the credit-card processor’s stock. Morgan Stanley’s price target points to a potential upside of 16.66% from the company’s current price.

V has been the topic of several other research reports. Jefferies Financial Group increased their price target on Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. increased their target price on Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Citigroup boosted their price target on shares of Visa from $319.00 to $326.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. TD Cowen raised their price objective on shares of Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Oppenheimer reiterated an “outperform” rating and set a $321.00 price objective (up from $318.00) on shares of Visa in a report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $326.41.

Visa Stock Up 0.7 %

Visa stock opened at $318.01 on Wednesday. The firm has a 50 day moving average price of $301.00 and a two-hundred day moving average price of $281.78. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. Visa has a 52-week low of $252.70 and a 52-week high of $318.84. The firm has a market cap of $592.41 billion, a price-to-earnings ratio of 32.68, a PEG ratio of 2.11 and a beta of 0.96.

Visa (NYSE:V) last released its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, topping the consensus estimate of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter last year, the firm posted $2.33 earnings per share. The firm’s revenue was up 11.7% on a year-over-year basis. Equities analysts predict that Visa will post 11.23 EPS for the current year.

Insider Activity

In related news, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.19% of the company’s stock.

Institutional Investors Weigh In On Visa

A number of large investors have recently added to or reduced their stakes in V. IMS Capital Management lifted its holdings in shares of Visa by 0.9% in the 3rd quarter. IMS Capital Management now owns 10,962 shares of the credit-card processor’s stock worth $3,014,000 after acquiring an additional 93 shares during the last quarter. Brass Tax Wealth Management Inc. increased its stake in Visa by 12.6% in the 3rd quarter. Brass Tax Wealth Management Inc. now owns 2,298 shares of the credit-card processor’s stock worth $632,000 after purchasing an additional 257 shares during the period. Legacy Wealth Management LLC MS lifted its position in Visa by 2.5% in the third quarter. Legacy Wealth Management LLC MS now owns 27,274 shares of the credit-card processor’s stock valued at $7,499,000 after purchasing an additional 655 shares during the last quarter. Alternative Investment Advisors LLC. bought a new position in shares of Visa in the third quarter worth approximately $224,000. Finally, Garden State Investment Advisory Services LLC boosted its position in Visa by 5.5% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 2,589 shares of the credit-card processor’s stock valued at $714,000 after buying an additional 135 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

About Visa

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.