Visa (NYSE:V) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Visa (NYSE:V) had its price objective increased by analysts at Jefferies Financial Group from $320.00 to $330.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the credit-card processor’s stock. Jefferies Financial Group’s target price indicates a potential upside of 13.84% from the company’s previous close.

A number of other analysts have also weighed in on the stock. Morgan Stanley raised their price target on shares of Visa from $322.00 to $326.00 and gave the company an “overweight” rating in a report on Wednesday. BMO Capital Markets raised their price target on shares of Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday. Bank of America raised their price target on shares of Visa from $279.00 to $308.00 and gave the company a “neutral” rating in a report on Tuesday, September 17th. JPMorgan Chase & Co. lifted their target price on shares of Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a report on Tuesday, August 20th. Finally, Citigroup lowered their target price on shares of Visa from $321.00 to $319.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. 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 data from MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and an average target price of $320.07.

Visa Stock Down 0.1 %

Shares of V opened at $289.89 on Wednesday. The stock has a market cap of $530.19 billion, a price-to-earnings ratio of 32.39, a P/E/G ratio of 1.95 and a beta of 0.96. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54. Visa has a 12 month low of $232.99 and a 12 month high of $296.34. The company has a 50-day moving average price of $280.53 and a two-hundred day moving average price of $273.50.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.13. The company had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. Visa had a net margin of 54.72% and a return on equity of 51.94%. The company’s revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the business posted $2.33 earnings per share. Equities analysts predict that Visa will post 9.92 EPS for the current fiscal year.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total value of $2,382,309.40. Following the completion of the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at $148,687.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.19% of the stock is owned by company insiders.

Institutional Trading of Visa

Institutional investors and hedge funds have recently made changes to their positions in the company. Hilltop National Bank acquired a new position in Visa in the 1st quarter valued at approximately $1,212,000. Absolute Capital Management LLC acquired a new position in Visa in the 1st quarter valued at approximately $404,000. Davidson Capital Management Inc. increased its position in Visa by 0.5% in the 1st quarter. Davidson Capital Management Inc. now owns 9,275 shares of the credit-card processor’s stock valued at $2,588,000 after acquiring an additional 44 shares during the period. Empirical Finance LLC increased its position in Visa by 4.4% in the 1st quarter. Empirical Finance LLC now owns 45,724 shares of the credit-card processor’s stock valued at $12,761,000 after acquiring an additional 1,914 shares during the period. Finally, Arjuna Capital increased its position in Visa by 0.8% in the 2nd quarter. Arjuna Capital now owns 11,851 shares of the credit-card processor’s stock valued at $3,111,000 after acquiring an additional 96 shares during the period. Institutional investors own 82.15% of the company’s stock.

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.