Visa Inc (V) Receives $176.67 Average Price Target from Analysts

Visa Inc (NYSE:V) has been given an average recommendation of “Buy” by the twenty-six analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and twenty-five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $176.67.

Several equities analysts recently commented on V shares. Oppenheimer boosted their price target on Visa from $162.00 to $176.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. Cantor Fitzgerald restated a “buy” rating and set a $160.00 price objective on shares of Visa in a report on Thursday, January 31st. Jefferies Financial Group started coverage on Visa in a report on Monday, January 28th. They set a “buy” rating and a $135.99 price objective on the stock. SunTrust Banks restated an “outperform” rating and set a $250.00 price objective on shares of Visa in a report on Friday, February 1st. Finally, Wedbush boosted their price objective on Visa from $150.00 to $162.00 and gave the company an “outperform” rating in a research report on Thursday, March 14th.

In related news, EVP William M. Sheedy sold 75,676 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now directly owns 300,114 shares of the company’s stock, valued at $49,590,837.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Ellen Richey sold 81,005 shares of the company’s stock in a transaction on Thursday, February 7th. The shares were sold at an average price of $139.99, for a total value of $11,339,889.95. The disclosure for this sale can be found here. Insiders have sold 269,207 shares of company stock worth $41,302,652 over the last ninety days. 0.17% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of V. Brand Asset Management Group Inc. acquired a new position in shares of Visa in the 1st quarter worth approximately $26,000. Guidant Wealth Advisors raised its holdings in shares of Visa by 94.0% in the 1st quarter. Guidant Wealth Advisors now owns 194 shares of the credit-card processor’s stock worth $30,000 after buying an additional 94 shares in the last quarter. Investors Research Corp acquired a new stake in Visa during the 1st quarter valued at $31,000. Highwater Wealth Management LLC acquired a new stake in Visa during the 4th quarter valued at $33,000. Finally, Essex Investment Management Co. LLC acquired a new stake in Visa during the 4th quarter valued at $33,000. 81.02% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:V traded up $0.55 during mid-day trading on Friday, reaching $160.76. The company’s stock had a trading volume of 5,359,151 shares, compared to its average volume of 8,292,103. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.58. Visa has a twelve month low of $121.60 and a twelve month high of $165.74. The firm has a market cap of $323.44 billion, a price-to-earnings ratio of 34.87, a PEG ratio of 1.83 and a beta of 1.00.

Visa (NYSE:V) last issued its quarterly earnings results on Wednesday, April 24th. The credit-card processor reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.07. The firm had revenue of $5.49 billion for the quarter, compared to analyst estimates of $5.46 billion. Visa had a return on equity of 40.56% and a net margin of 51.34%. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the company earned $1.11 EPS. As a group, research analysts forecast that Visa will post 5.38 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Friday, May 17th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date is Thursday, May 16th. Visa’s dividend payout ratio (DPR) is presently 21.69%.

About Visa

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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Analyst Recommendations for Visa (NYSE:V)

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