Neutral News Coverage Extremely Likely to Impact Visa (V) Stock Price

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News stories about Visa (NYSE:V) have been trending neutral recently, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Visa earned a news sentiment score of 0.15 on their scale. InfoTrie also gave news stories about the credit-card processor an news buzz score of 9 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company’s share price in the immediate future.

Here are some of the news stories that may have effected Visa’s score:

V has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Visa from a “hold” rating to a “buy” rating and set a $168.00 price objective on the stock in a report on Tuesday, September 25th. Morgan Stanley boosted their price objective on shares of Visa from $142.00 to $165.00 and gave the stock a “$140.13” rating in a report on Thursday, July 19th. JPMorgan Chase & Co. reissued a “buy” rating and set a $166.00 price objective on shares of Visa in a report on Thursday, October 25th. Royal Bank of Canada boosted their price objective on shares of Visa to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, September 5th. Finally, Raymond James reissued an “outperform” rating and set a $165.00 price objective on shares of Visa in a report on Tuesday, July 24th. Two equities research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. Visa has a consensus rating of “Buy” and an average price target of $155.47.

Shares of NYSE:V traded down $1.30 during trading on Friday, reaching $143.93. The stock had a trading volume of 8,339,049 shares, compared to its average volume of 11,957,102. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.61 and a quick ratio of 1.69. The firm has a market cap of $294.52 billion, a PE ratio of 31.22, a P/E/G ratio of 1.57 and a beta of 1.11. Visa has a fifty-two week low of $106.60 and a fifty-two week high of $151.56.

Visa (NYSE:V) last posted its quarterly earnings data on Wednesday, October 24th. The credit-card processor reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. The business had revenue of $5.43 billion during the quarter, compared to analyst estimates of $5.44 billion. Visa had a net margin of 49.98% and a return on equity of 38.00%. As a group, sell-side analysts expect that Visa will post 5.32 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Stockholders of record on Friday, November 16th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, November 15th. This is a positive change from Visa’s previous quarterly dividend of $0.21. Visa’s payout ratio is currently 18.22%.

In other news, EVP William M. Sheedy sold 99,636 shares of the business’s stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $139.28, for a total value of $13,877,302.08. Following the completion of the transaction, the executive vice president now owns 296,925 shares of the company’s stock, valued at $41,355,714. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.14% of the company’s stock.

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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.

See Also: Price to Earnings Ratio (PE) Basics

Insider Buying and Selling by Quarter for Visa (NYSE:V)

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