Visa (NYSE:V) Earns In-Line Rating from Analysts at Evercore ISI
Evercore ISI has initiated coverage on Visa (NYSE:V) with an "in-line" rating and a price target of $330.00, indicating a potential upside of 7.17%. Other analysts have set higher targets, with Goldman Sachs at $384.00 and UBS at $400.00. Visa's current stock price is $307.92, with a consensus rating of "Moderate Buy" and a target price of $355.84. The company reported an EPS of $2.75, exceeding estimates. Insider trading activity includes significant sales by executives. Institutional investors hold 82.15% of Visa's stock.
Analysts at Evercore ISI initiated coverage on shares of Visa (NYSE:V - Get Free Report) in a research report issued on Wednesday,Benzinga reports. The brokerage set an "in-line" rating and a $330.00 price target on the credit-card processor's stock. Evercore ISI's target price would indicate a potential upside of 7.17% from the company's current price.
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Other analysts have also recently issued reports about the company. The Goldman Sachs Group increased their target price on Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Bank of America increased their price objective on shares of Visa from $331.00 to $363.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Morgan Stanley upped their target price on shares of Visa from $326.00 to $371.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. UBS Group boosted their price target on Visa from $350.00 to $400.00 and gave the company a "buy" rating in a report on Friday, January 31st. Finally, Citigroup reiterated a "neutral" rating on shares of Visa in a research note on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Visa presently has a consensus rating of "Moderate Buy" and a consensus target price of $355.84.
Check Out Our Latest Stock Report on Visa
Visa Stock Performance
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Shares of NYSE:V opened at $307.92 on Wednesday. The firm's 50 day simple moving average is $343.47 and its 200 day simple moving average is $317.55. Visa has a fifty-two week low of $252.70 and a fifty-two week high of $366.54. The company has a market capitalization of $572.04 billion, a price-to-earnings ratio of 31.04, a P/E/G ratio of 2.33 and a beta of 0.94. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.
Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, sell-side analysts forecast that Visa will post 11.3 earnings per share for the current year.
Insider Buying and Selling
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In other Visa news, insider Paul D. Fabara sold 39,350 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $327.20, for a total value of $12,875,320.00. Following the completion of the sale, the insider now owns 26,413 shares of the company's stock, valued at approximately $8,642,333.60. This trade represents a 59.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $2,930,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 143,205 shares of company stock valued at $48,842,490 over the last ninety days. 0.13% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. Riverstone Advisors LLC bought a new stake in Visa during the fourth quarter worth $217,000. Journey Strategic Wealth LLC raised its position in Visa by 16.4% in the fourth quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor's stock worth $3,058,000 after acquiring an additional 1,361 shares during the period. King Wealth Management Group boosted its stake in Visa by 9.0% in the fourth quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock valued at $23,663,000 after acquiring an additional 6,172 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Visa during the 4th quarter valued at approximately $10,163,000. Finally, Copley Financial Group Inc. bought a new stake in shares of Visa in the 3rd quarter worth approximately $616,000. Hedge funds and other institutional investors own 82.15% of the company's stock.
About Visa
(Get Free Report)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.
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