Visa Inc. (V) Given Outperform Rating at Robert W. Baird
Robert W. Baird restated their outperform rating on shares of Visa Inc. (NYSE:V) in a research report released on Tuesday morning. The firm currently has a $95.00 target price on the credit-card processor’s stock.
A number of other brokerages also recently commented on V. Sanford C. Bernstein reiterated a buy rating on shares of Visa in a report on Wednesday, June 15th. Argus reiterated a buy rating and set a $90.00 price target (up from $85.00) on shares of Visa in a report on Monday, July 25th. Deutsche Bank AG reiterated a buy rating and set a $87.00 price target on shares of Visa in a report on Tuesday, September 6th. Vetr downgraded shares of Visa from a buy rating to a hold rating and set a $83.12 price target for the company. in a report on Monday, August 15th. Finally, Piper Jaffray Cos. reiterated an overweight rating and set a $94.00 price target on shares of Visa in a report on Friday, August 5th. Four research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. Visa has an average rating of Buy and an average target price of $88.81.
Visa (NYSE:V) opened at 82.88 on Tuesday. The stock has a 50 day moving average of $82.03 and a 200 day moving average of $79.10. Visa has a one year low of $66.12 and a one year high of $83.79. The firm has a market capitalization of $195.59 billion, a price-to-earnings ratio of 35.22 and a beta of 0.95.
Visa (NYSE:V) last posted its earnings results on Thursday, July 21st. The credit-card processor reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.03. Visa had a net margin of 38.72% and a return on equity of 22.36%. The firm earned $3.63 billion during the quarter, compared to the consensus estimate of $3.67 billion. Analysts forecast that Visa will post $2.79 earnings per share for the current year.
A number of large investors have recently bought and sold shares of the company. Iowa State Bank acquired a new stake in shares of Visa during the second quarter worth $111,000. West Oak Capital LLC increased its stake in shares of Visa by 245.5% in the second quarter. West Oak Capital LLC now owns 1,534 shares of the credit-card processor’s stock worth $114,000 after buying an additional 1,090 shares during the last quarter. Hanson McClain Inc. increased its stake in shares of Visa by 6.1% in the second quarter. Hanson McClain Inc. now owns 1,728 shares of the credit-card processor’s stock worth $128,000 after buying an additional 100 shares during the last quarter. Signature Estate & Investment Advisors LLC acquired a new stake in shares of Visa during the second quarter worth $139,000. Finally, WealthTrust Arizona LLC increased its stake in shares of Visa by 0.9% in the second quarter. WealthTrust Arizona LLC now owns 2,393 shares of the credit-card processor’s stock worth $177,000 after buying an additional 21 shares during the last quarter. 80.08% of the stock is owned by institutional investors and hedge funds.
Visa Company Profile
Visa Inc is a payments technology company. The Company is engaged in operating a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions across the world. The Company provides its services to consumers, businesses, financial institutions and governments in more than 200 countries and territories for electronic payments.
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