Visa (NYSE:V) Price Target Raised to $225.00

Visa (NYSE:V) had its price objective increased by Deutsche Bank from $177.00 to $225.00 in a research report released on Thursday, The Fly reports. They currently have a buy rating on the credit-card processor’s stock.

Other equities research analysts have also recently issued reports about the company. Wells Fargo & Co upped their price target on Apollo Global Management from $38.00 to $42.00 and gave the company an outperform rating in a research report on Wednesday. Jefferies Financial Group reiterated a buy rating and set a GBX 2,253 ($29.44) price target on shares of Burford Capital in a research report on Monday, March 25th. BMO Capital Markets set a $32.00 price target on Axalta Coating Systems and gave the company a hold rating in a research report on Friday, April 26th. Robert W. Baird set a $182.00 price target on Visa and gave the company an outperform rating in a research report on Wednesday, May 8th. Finally, Wedbush reiterated an outperform rating and set a $65.00 price target (up from $60.00) on shares of Walker & Dunlop in a research report on Wednesday, July 3rd. Two equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $183.43.

Shares of V opened at $180.33 on Thursday. The firm’s 50-day moving average is $170.22. Visa has a twelve month low of $121.60 and a twelve month high of $181.35. The company has a market capitalization of $360.77 billion, a PE ratio of 39.12, a PEG ratio of 2.05 and a beta of 0.96. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.62 and a current ratio of 1.62.

Visa (NYSE:V) last announced its quarterly earnings results on Wednesday, April 24th. The credit-card processor reported $1.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.07. Visa had a return on equity of 40.56% and a net margin of 51.34%. The firm had revenue of $5.49 billion for the quarter, compared to analysts’ expectations of $5.46 billion. During the same period in the prior year, the business posted $1.11 earnings per share. The company’s revenue was up 8.3% on a year-over-year basis. Equities analysts expect that Visa will post 5.37 earnings per share for the current year.

In other news, EVP William M. Sheedy sold 75,676 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $165.24, for a total transaction of $12,504,702.24. Following the completion of the transaction, the executive vice president now owns 300,114 shares of the company’s stock, valued at $49,590,837.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Lowe Wealth Advisors LLC boosted its stake in shares of Visa by 114.7% during the second quarter. Lowe Wealth Advisors LLC now owns 161 shares of the credit-card processor’s stock valued at $28,000 after purchasing an additional 86 shares during the period. Highwater Wealth Management LLC purchased a new stake in shares of Visa during the fourth quarter valued at approximately $33,000. Hexavest Inc. purchased a new stake in shares of Visa during the second quarter valued at approximately $40,000. Essex Investment Management Co. LLC purchased a new stake in shares of Visa during the fourth quarter valued at approximately $33,000. Finally, Ironwood Financial llc boosted its stake in shares of Visa by 67.5% during the fourth quarter. Ironwood Financial llc now owns 335 shares of the credit-card processor’s stock valued at $44,000 after purchasing an additional 135 shares during the period. 80.97% of the stock is owned by institutional investors and hedge funds.

Visa Company Profile

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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