Visa (NYSE:V) Earns Buy Rating from Barclays

Visa (NYSE:V)‘s stock had its “buy” rating reaffirmed by equities researchers at Barclays in a note issued to investors on Friday, January 5th. They currently have a $145.00 price objective on the credit-card processor’s stock. Barclays’ price objective points to a potential upside of 16.63% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Wells Fargo & Co raised shares of Visa from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $107.01 to $120.00 in a research note on Tuesday, October 10th. Zacks Investment Research cut shares of Visa from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Cantor Fitzgerald initiated coverage on shares of Visa in a research note on Thursday, September 28th. They set an “overweight” rating and a $120.00 target price on the stock. Buckingham Research lifted their target price on shares of Visa from $129.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Finally, Vetr cut shares of Visa from a “buy” rating to a “hold” rating and set a $117.74 target price on the stock. in a research note on Tuesday, December 12th. Four 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. The company currently has an average rating of “Buy” and a consensus target price of $122.03.

Shares of Visa (V) opened at $124.33 on Friday. The company has a market cap of $281,760.00, a price-to-earnings ratio of 44.40, a P/E/G ratio of 1.79 and a beta of 0.99. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.61. Visa has a 1-year low of $81.50 and a 1-year high of $124.33.

Visa (NYSE:V) last issued its quarterly earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 EPS for the quarter, topping the consensus estimate of $0.85 by $0.05. The company 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 firm’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.78 EPS. analysts expect that Visa will post 4.08 earnings per share for the current year.

In other Visa news, Director Robert W. Matschullat sold 6,220 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $113.76, for a total transaction of $707,587.20. Following the sale, the director now directly owns 57,368 shares in the company, valued at $6,526,183.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Tullier Kelly Mahon sold 49,702 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $113.66, for a total transaction of $5,649,129.32. Following the sale, the executive vice president now owns 76,202 shares in the company, valued at $8,661,119.32. The disclosure for this sale can be found here. Insiders sold 58,068 shares of company stock worth $6,597,262 in the last ninety days. 0.14% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the business. iAB Financial Bank increased its stake in shares of Visa by 2.6% during the second quarter. iAB Financial Bank now owns 56,963 shares of the credit-card processor’s stock worth $5,342,000 after buying an additional 1,423 shares during the period. Heritage Trust Co increased its stake in shares of Visa by 51.4% during the second quarter. Heritage Trust Co now owns 4,520 shares of the credit-card processor’s stock worth $424,000 after buying an additional 1,535 shares during the period. Aviva PLC increased its stake in shares of Visa by 0.8% during the second quarter. Aviva PLC now owns 1,411,845 shares of the credit-card processor’s stock worth $132,432,000 after buying an additional 11,662 shares during the period. Jacobi Capital Management LLC increased its stake in shares of Visa by 12.2% during the second quarter. Jacobi Capital Management LLC now owns 9,376 shares of the credit-card processor’s stock worth $892,000 after buying an additional 1,016 shares during the period. Finally, Fundsmith LLP increased its stake in shares of Visa by 5.3% during the second quarter. Fundsmith LLP now owns 5,217,623 shares of the credit-card processor’s stock worth $489,309,000 after buying an additional 262,930 shares during the period. Institutional investors own 81.58% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Visa (NYSE:V) Earns Buy Rating from Barclays” was first posted by BBNS and is the property of of BBNS. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece of content can be viewed at https://baseballnewssource.com/markets/visa-v-earns-buy-rating-from-barclays/1818417.html.

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.

Analyst Recommendations for Visa (NYSE:V)

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

 


Latest News

Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Rumor: Milwaukee Brewers Offer Yu Darvish Contract
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires


Leave a Reply

 
© 2006-2018 BBNS.