Visa’s (V) Buy Rating Reiterated at $1

Visa (NYSE:V)‘s stock had its “buy” rating restated by research analysts at $1 in a research note issued to investors on Tuesday.

V has been the subject of a number of other reports. JPMorgan Chase & Co. restated a “buy” rating and set a $166.00 price objective on shares of Visa in a research note on Thursday, October 25th. Cantor Fitzgerald restated a “buy” rating and set a $160.00 price objective on shares of Visa in a report on Thursday, January 31st. Jefferies Financial Group initiated coverage on Visa in a research note on Monday, January 28th. They set a “buy” rating and a $135.99 target price for the company. Barclays began coverage on Visa in a report on Wednesday, November 14th. They set an “overweight” rating and a $170.00 price target for the company. Finally, SunTrust Banks reaffirmed an “outperform” rating and issued a $250.00 price target on shares of Visa in a research report on Friday, February 1st. One equities research analyst has rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $162.77.

Shares of NYSE V opened at $143.49 on Tuesday. Visa has a 1-year low of $116.03 and a 1-year high of $151.56. The firm has a market cap of $285.03 billion, a P/E ratio of 31.13, a P/E/G ratio of 1.60 and a beta of 0.97. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.50 and a quick ratio of 1.50.

Visa (NYSE:V) last released its quarterly earnings results on Wednesday, January 30th. The credit-card processor reported $1.30 EPS for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.05. The business had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.41 billion. Visa had a return on equity of 39.32% and a net margin of 50.61%. Visa’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.08 EPS. On average, sell-side analysts predict that Visa will post 5.32 earnings per share for the current fiscal year.

In related news, SVP James H. Hoffmeister sold 2,252 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $144.56, for a total value of $325,549.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP William M. Sheedy sold 3,643 shares of the stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $133.07, for a total transaction of $484,774.01. Following the sale, the executive vice president now directly owns 241,983 shares of the company’s stock, valued at approximately $32,200,677.81. The disclosure for this sale can be found here. Insiders have sold a total of 100,764 shares of company stock valued at $14,160,077 over the last three months. 0.17% of the stock is currently owned by insiders.

Hedge funds have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund increased its position in Visa by 11,319.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 86,570,056 shares of the credit-card processor’s stock valued at $656,000 after acquiring an additional 85,811,983 shares during the last quarter. Matthew Goff Investment Advisor LLC boosted its holdings in shares of Visa by 13,144.9% during the 3rd quarter. Matthew Goff Investment Advisor LLC now owns 7,929,067 shares of the credit-card processor’s stock worth $59,865,000 after purchasing an additional 7,869,202 shares during the last quarter. Fundsmith Equity Fund L.P. purchased a new stake in shares of Visa during the 2nd quarter valued at approximately $757,597,000. Capital Research Global Investors raised its position in Visa by 3,913.7% in the third quarter. Capital Research Global Investors now owns 4,507,351 shares of the credit-card processor’s stock valued at $676,508,000 after purchasing an additional 4,395,051 shares during the period. Finally, Vontobel Asset Management Inc. acquired a new position in shares of Visa during the second quarter worth $471,495,000. 84.21% of the stock is owned by institutional investors and hedge funds.

Visa Company Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Analyst Recommendations for Visa (NYSE:V)

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