Visa Inc (V) Rating Increased to Buy at Vetr Inc.

Vetr upgraded shares of Visa Inc (NYSE:V) from a hold rating to a buy rating in a research note issued to investors on Monday morning. The brokerage currently has $93.85 target price on the credit-card processor’s stock.

V has been the subject of several other reports. Bank of America Corp raised Visa from a neutral rating to a buy rating and set a $92.00 price objective for the company in a research note on Thursday, December 15th. Wedbush raised Visa from a neutral rating to an outperform rating and raised their target price for the stock from $77.00 to $96.00 in a research note on Friday, January 20th. Morgan Stanley reaffirmed an overweight rating on shares of Visa in a research note on Wednesday, March 8th. Jefferies Group LLC reaffirmed a buy rating and issued a $96.00 target price on shares of Visa in a research note on Wednesday, March 1st. Finally, BMO Capital Markets reaffirmed a top pick rating and issued a $99.00 target price on shares of Visa in a research note on Friday, January 6th. Two equities research analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Visa presently has an average rating of Buy and a consensus target price of $94.51.

Visa (NYSE:V) opened at 88.74 on Monday. The firm has a market capitalization of $206.24 billion, a price-to-earnings ratio of 34.40 and a beta of 1.00. The company has a 50-day moving average of $88.11 and a 200-day moving average of $82.87. Visa has a 52 week low of $73.25 and a 52 week high of $92.05.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, February 2nd. The credit-card processor reported $0.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.08. Visa had a return on equity of 26.48% and a net margin of 38.30%. The firm earned $4.46 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the prior year, the company earned $0.69 EPS. The firm’s revenue was up 25.1% compared to the same quarter last year. On average, equities analysts forecast that Visa will post $3.32 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This story was first reported by BBNS and is the property of of BBNS. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this story can be viewed at https://baseballnewssource.com/markets/visa-inc-v-upgraded-at-vetr-inc-updated/518072.html.

In other news, EVP William M. Sheedy sold 125,372 shares of the company’s stock in a transaction on Monday, February 6th. The stock was sold at an average price of $85.74, for a total value of $10,749,395.28. Following the sale, the executive vice president now directly owns 365,769 shares in the company, valued at $31,361,034.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP James H. Hoffmeister sold 11,139 shares of the company’s stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $85.95, for a total value of $957,397.05. Following the completion of the sale, the senior vice president now owns 6,390 shares in the company, valued at $549,220.50. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of V. Trust Co. of Oklahoma increased its stake in shares of Visa by 0.6% in the first quarter. Trust Co. of Oklahoma now owns 46,813 shares of the credit-card processor’s stock valued at $4,160,000 after buying an additional 300 shares in the last quarter. Waverton Investment Management Ltd raised its position in Visa by 848.2% in the first quarter. Waverton Investment Management Ltd now owns 377,299 shares of the credit-card processor’s stock valued at $33,531,000 after buying an additional 337,506 shares during the last quarter. Charter Trust Co. raised its position in Visa by 7.4% in the first quarter. Charter Trust Co. now owns 20,140 shares of the credit-card processor’s stock valued at $1,790,000 after buying an additional 1,396 shares during the last quarter. American Investment Services Inc. acquired a new position in Visa during the first quarter valued at approximately $203,000. Finally, Paradigm Financial Advisors LLC raised its position in Visa by 8.3% in the first quarter. Paradigm Financial Advisors LLC now owns 23,888 shares of the credit-card processor’s stock valued at $2,122,000 after buying an additional 1,836 shares during the last quarter. Institutional investors and hedge funds own 80.14% 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.

5 Day Chart for NYSE:V

To view Vetr’s full report, visit Vetr’s official website.

Receive News & Ratings for Visa Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa Inc and related companies with our FREE daily email newsletter.

 

Latest News

Eric Thames Pulled From Game With Tightness in Hamstring
Eric Thames Pulled From Game With Tightness in Hamstring
Julio Urias Returning to Dodgers Thursday
Julio Urias Returning to Dodgers Thursday
Tony Gwynn Jr. Like Father Like Son in Baseball and Brewing
Tony Gwynn Jr. Like Father Like Son in Baseball and Brewing
Sources Say Luis Robert Will Be Cleared by May 20 to Sign
Sources Say Luis Robert Will Be Cleared by May 20 to Sign
Colorado Rockies Bullpen Helping Them to NL West Lead
Colorado Rockies Bullpen Helping Them to NL West Lead
Hall of Famer Given New Lease on Life
Hall of Famer Given New Lease on Life


Leave a Reply

 
© 2006-2017 BBNS.