Visa Inc. (NYSE:V)‘s stock had its “outperform” rating reiterated by equities researchers at Keefe, Bruyette & Woods in a note issued to investors on Friday. They presently have a $99.00 target price on the credit-card processor’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 20.51% from the stock’s previous close.
Several other equities analysts also recently weighed in on V. Deutsche Bank AG reiterated a “buy” rating and issued a $87.00 target price on shares of Visa in a research note on Tuesday, September 6th. Barclays PLC lifted their target price on shares of Visa from $88.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday, September 12th. Zacks Investment Research upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a research note on Tuesday, October 4th. Pacific Crest set a $92.00 target price on shares of Visa and gave the stock a “buy” rating in a research note on Wednesday, September 14th. Finally, Vetr downgraded shares of Visa from a “strong-buy” rating to a “buy” rating and set a $84.21 target price for the company. in a research note on Monday, July 11th. Four analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $88.94.
Visa (NYSE:V) opened at 82.15 on Friday. Visa has a 52-week low of $66.12 and a 52-week high of $83.79. The company’s 50-day moving average is $82.33 and its 200-day moving average is $79.45. The firm has a market capitalization of $193.87 billion, a PE ratio of 34.91 and a beta of 0.95.
Visa (NYSE:V) last posted its quarterly earnings data on Thursday, July 21st. The credit-card processor reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. Visa had a net margin of 38.72% and a return on equity of 22.36%. The business earned $3.63 billion during the quarter, compared to the consensus estimate of $3.67 billion. Analysts forecast that Visa will post $2.79 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. Iowa State Bank acquired a new stake in Visa during the second quarter valued at approximately $111,000. West Oak Capital LLC raised its stake in Visa by 245.5% in the second quarter. West Oak Capital LLC now owns 1,534 shares of the credit-card processor’s stock valued at $114,000 after buying an additional 1,090 shares during the last quarter. Hanson McClain Inc. raised its stake in Visa by 6.1% in the second quarter. Hanson McClain Inc. now owns 1,728 shares of the credit-card processor’s stock valued at $128,000 after buying an additional 100 shares during the last quarter. Signature Estate & Investment Advisors LLC acquired a new stake in Visa during the second quarter valued at approximately $139,000. Finally, Feltz Wealth PLAN Inc. acquired a new stake in Visa during the second quarter valued at approximately $148,000. Institutional investors and hedge funds own 80.06% of the company’s stock.
Visa Inc is a payments technology company. The Company is engaged in operating a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions across the world. The Company provides its services to consumers, businesses, financial institutions and governments in more than 200 countries and territories for electronic payments.
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