Visa (NYSE:V) Stock Price Expected to Rise, Bank of America Analyst Says

Visa (NYSE:V) had its price objective boosted by Bank of America from $314.00 to $331.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the credit-card processor’s stock. Bank of America‘s price objective indicates a potential upside of 2.24% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft lifted their target price on Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Robert W. Baird lifted their price objective on shares of Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Mizuho increased their target price on shares of Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a report on Friday, November 1st. BMO Capital Markets boosted their price target on shares of Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Seaport Res Ptn upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $332.81.

Visa Trading Up 1.3 %

V opened at $323.76 on Wednesday. The stock has a market cap of $603.12 billion, a PE ratio of 33.27, a price-to-earnings-growth ratio of 2.15 and a beta of 0.96. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. Visa has a twelve month low of $252.70 and a twelve month high of $324.58. The company has a fifty day moving average of $313.59 and a 200-day moving average of $289.09.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.13. The firm had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The company’s revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.33 earnings per share. On average, sell-side analysts predict that Visa will post 11.2 EPS for the current year.

Insider Activity at Visa

In other news, insider Paul D. Fabara sold 2,171 shares of the business’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 transaction of $668,602.87. Following the completion of the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. The trade was 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 available at the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

Institutional Trading of Visa

Large investors have recently added to or reduced their stakes in the business. Custom Index Systems LLC bought a new position in shares of Visa during the 3rd quarter valued at approximately $731,000. Copley Financial Group Inc. bought a new stake in Visa during the third quarter valued at about $616,000. Oak Ridge Investments LLC lifted its position in shares of Visa by 5.9% in the fourth quarter. Oak Ridge Investments LLC now owns 75,456 shares of the credit-card processor’s stock valued at $23,847,000 after acquiring an additional 4,198 shares in the last quarter. FORA Capital LLC bought a new position in shares of Visa in the third quarter worth about $7,987,000. Finally, Chicago Capital LLC grew its position in shares of Visa by 5.2% during the third quarter. Chicago Capital LLC now owns 404,914 shares of the credit-card processor’s stock worth $111,331,000 after purchasing an additional 20,023 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Visa Company Profile

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.