Visa Inc. (V) Earns “Buy” Rating from Jefferies Group LLC

Visa Inc. (NYSE:V)‘s stock had its “buy” rating reaffirmed by analysts at Jefferies Group LLC in a research note issued to investors on Tuesday, October 17th, The Fly reports. They presently have a $125.00 price target on the credit-card processor’s stock, up from their previous price target of $112.00. Jefferies Group LLC’s price objective would indicate a potential upside of 11.59% from the company’s current price. Jefferies Group also issued estimates for Visa’s FY2017 earnings at $3.43 EPS and FY2019 earnings at $4.64 EPS.

V has been the subject of a number of other research reports. Wells Fargo & Company upgraded shares of Visa from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $107.01 to $120.00 in a research report on Tuesday, October 10th. UBS AG reiterated an “overweight” rating on shares of Visa in a research report on Thursday, August 24th. Deutsche Bank AG raised their price objective on shares of Visa from $124.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, July 10th. Nomura raised their price objective on shares of Visa from $105.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, July 21st. Finally, KeyCorp restated a “buy” rating and issued a $110.00 price objective on shares of Visa in a research report on Friday, August 25th. Three investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $116.08.

Shares of Visa (NYSE:V) traded up $0.66 during trading hours on Tuesday, reaching $112.02. 1,376,428 shares of the company’s stock were exchanged, compared to its average volume of 6,530,000. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.90 and a quick ratio of 1.65. The company has a market capitalization of $255,930.00, a price-to-earnings ratio of 32.00, a PEG ratio of 1.63 and a beta of 0.98. Visa has a 12-month low of $75.17 and a 12-month high of $112.15.

Visa (NYSE:V) last issued its earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.05. The firm had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.63 billion. Visa had a net margin of 36.49% and a return on equity of 31.80%. The company’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the business earned $0.78 earnings per share. sell-side analysts expect that Visa will post 4.05 EPS for the current year.

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In related news, Director Mary B. Cranston sold 10,400 shares of Visa stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $103.32, for a total value of $1,074,528.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.14% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Waldron LP boosted its holdings in shares of Visa by 61.6% during the 1st quarter. Waldron LP now owns 8,951 shares of the credit-card processor’s stock valued at $791,000 after buying an additional 3,412 shares in the last quarter. Shell Asset Management Co. boosted its holdings in shares of Visa by 7.6% during the 1st quarter. Shell Asset Management Co. now owns 542,940 shares of the credit-card processor’s stock valued at $48,251,000 after buying an additional 38,350 shares in the last quarter. Polaris Greystone Financial Group LLC boosted its holdings in shares of Visa by 10.1% during the 1st quarter. Polaris Greystone Financial Group LLC now owns 2,824 shares of the credit-card processor’s stock valued at $251,000 after buying an additional 258 shares in the last quarter. 1ST Source Bank boosted its holdings in shares of Visa by 0.9% during the 1st quarter. 1ST Source Bank now owns 5,070 shares of the credit-card processor’s stock valued at $451,000 after buying an additional 43 shares in the last quarter. Finally, K.J. Harrison & Partners Inc bought a new stake in shares of Visa during the 1st quarter valued at $301,000. Institutional investors and hedge funds own 81.77% of the company’s stock.

About Visa

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

The Fly

Analyst Recommendations for Visa (NYSE:V)

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