Visa (NYSE:V) had its target price raised by equities research analysts at Wedbush from $195.00 to $215.00 in a research note issued to investors on Tuesday, The Fly reports. The firm presently has an “outperform” rating on the credit-card processor’s stock. Wedbush’s price objective indicates a potential upside of 7.61% from the company’s previous close. Wedbush also issued estimates for Visa’s Q1 2021 earnings at $1.70 EPS, Q2 2021 earnings at $1.70 EPS, Q3 2021 earnings at $1.82 EPS, Q4 2021 earnings at $1.95 EPS and FY2021 earnings at $7.16 EPS.
Other analysts have also issued reports about the stock. Raymond James lifted their price target on shares of Visa from $193.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Compass Point initiated coverage on shares of Visa in a research note on Thursday, December 5th. They issued a “buy” rating for the company. BMO Capital Markets lifted their price target on shares of Visa from $231.00 to $239.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Guggenheim set a $194.00 price target on shares of Visa and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Wells Fargo & Co lifted their price target on shares of Visa from $200.00 to $213.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Three analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $204.58.
NYSE:V opened at $199.80 on Tuesday. The firm has a market cap of $385.85 billion, a P/E ratio of 36.73, a P/E/G ratio of 2.01 and a beta of 0.93. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.56 and a current ratio of 1.56. Visa has a fifty-two week low of $133.30 and a fifty-two week high of $200.15. The firm has a 50-day simple moving average of $187.32 and a two-hundred day simple moving average of $180.29.
Visa (NYSE:V) last released its quarterly earnings data on Thursday, October 24th. The credit-card processor reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.04. The business had revenue of $6.14 billion during the quarter, compared to analyst estimates of $6.08 billion. Visa had a net margin of 52.57% and a return on equity of 42.57%. Visa’s revenue was up 12.9% compared to the same quarter last year. During the same period last year, the business earned $1.21 EPS. On average, equities research analysts predict that Visa will post 6.2 EPS for the current year.
In related news, EVP William M. Sheedy sold 21,164 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $178.71, for a total value of $3,782,218.44. Following the transaction, the executive vice president now owns 227,126 shares of the company’s stock, valued at $40,589,687.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP William M. Sheedy sold 3,110 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $182.52, for a total transaction of $567,637.20. Following the completion of the transaction, the executive vice president now directly owns 227,740 shares in the company, valued at approximately $41,567,104.80. The disclosure for this sale can be found here. In the last three months, insiders sold 58,480 shares of company stock worth $10,606,182. 0.17% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Selective Wealth Management Inc. purchased a new position in Visa during the third quarter valued at approximately $47,000. Investors Research Corp lifted its holdings in shares of Visa by 40.2% in the third quarter. Investors Research Corp now owns 279 shares of the credit-card processor’s stock worth $48,000 after buying an additional 80 shares in the last quarter. NewSquare Capital LLC lifted its holdings in shares of Visa by 29.2% in the third quarter. NewSquare Capital LLC now owns 310 shares of the credit-card processor’s stock worth $53,000 after buying an additional 70 shares in the last quarter. JJJ Advisors Inc. lifted its holdings in shares of Visa by 203.4% in the third quarter. JJJ Advisors Inc. now owns 358 shares of the credit-card processor’s stock worth $62,000 after buying an additional 240 shares in the last quarter. Finally, Winthrop Partners WNY LLC purchased a new position in shares of Visa in the third quarter worth $71,000. 81.08% of the stock is currently owned by institutional investors.
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.
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