Visa Rating Reiterated by Deutsche Bank (V)
Visa traded down 0.47% on Thursday, hitting $160.30. Visa has a 52-week low of $111.94 and a 52-week high of $162.77. The stock’s 50-day moving average is currently $158.0. The company has a market cap of $106.0 billion and a price-to-earnings ratio of 44.80.
Visa last issued its quarterly earnings data on Wednesday, February 6th. The company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.79 by $0.03. The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter in the prior year, the company posted $1.49 earnings per share. The company’s quarterly revenue was up 11.7% on a year-over-year basis. Analysts expect that Visa will post $7.34 EPS for the current fiscal year.
A number of other firms have also recently commented on V. Analysts at Zacks reiterated a “neutral” rating on shares of Visa in a research note to investors on Tuesday. They now have a $167.00 price target on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Visa in a research note to investors on Monday. Finally, analysts at Janney Montgomery Scott reiterated a “neutral” rating on shares of Visa in a research note to investors on Friday, March 1st. They now have a $135.00 price target on the stock.
Visa Inc. (Visa) is a global payments technology company that connects consumers, businesses, banks and governments in more than 200 countries and territories to fast, secure and reliable electronic payments.
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