To The Moon

$Visa(V)$ had its target price dropped by investment analysts at Morgan Stanley from $283.00 to $279.00 in a research report issued to clients and investors on Thursday. The firm presently has an “overweight” rating on the credit-card processor’s stock. Morgan Stanley’s target price points to a potential upside of 34.03% from the company’s current price.

A number of other brokerages also recently commented on V. Wedbush raised their target price on shares of Visa from $240.00 to $270.00 and gave the company an “outperform” rating in a research note on Friday, January 28th. Raymond James raised their target price on shares of Visa from $265.00 to $281.00 and gave the company an “outperform” rating in a research note on Friday, January 28th. Mizuho lowered shares of Visa from a “buy” rating to a “neutral” rating and lowered their price target for the company from $255.00 to $220.00 in a report on Friday, January 7th. Robert W. Baird lowered their price target on shares of Visa from $305.00 to $290.00 in a report on Friday, January 28th. Finally, BNP Paribas lowered shares of Visa from an “outperform” rating to a “neutral” rating and set a $210.00 price objective for the company. in a report on Monday, January 10th. Six analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Visa has an average rating of “Buy” and a consensus price target of $267.17.

Shares of V opened at $208.17 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40. The company has a market capitalization of $398.48 billion, a price-to-earnings ratio of 34.47, a PEG ratio of 1.81 and a beta of 0.92. The company’s 50 day simple moving average is $214.75 and its 200 day simple moving average is $215.37. Visa has a 1 year low of $186.67 and a 1 year high of $252.67.

Visa last posted its quarterly earnings results on Thursday, January 27th. The credit-card processor reported $1.81 earnings per share for the quarter, topping the institution consensus estimate of $1.69 by $0.12. The company had revenue of $7.06 billion for the quarter, compared to the consensus estimate of $6.79 billion. Visa had a net margin of 51.59% and a return on equity of 40.11%. Visa’s revenue was up 24.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.42 earnings per share. Equities analysts expect that Visa will post 7.07 EPS for the current fiscal year.

In related news, CAO James H. Hoffmeister sold 1,737 shares of the business’s stock in a transaction that occurred on Tuesday, February 1st. The shares were sold at an average price of $231.49, for a total transaction of $402,098.13. Also, DirectorRobert W. Matschullatsold 1,114 shares of the business’s stock in a transaction that occurred on Wednesday, March 16th. The shares were sold at an average price of $210.94, for a total transaction of $234,987.16. The disclosure for this sale can be foundhere. Over the last three months, insiders sold 49,250 shares of company stock worth $10,951,267. 0.21% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of V. University of Texas Texas AM Investment Managment Co. acquired a new stake in Visa in the third quarter valued at approximately $26,000. Outfitter Financial LLC acquired a new stake in shares of Visa in the fourth quarter worth $27,000. Cranbrook Wealth Management LLC lifted its stake in shares of Visa by 236.8% in the third quarter. Cranbrook Wealth Management LLC now owns 128 shares of the credit-card processor’s stock worth $29,000 after buying an additional 90 shares during the last quarter. Blue Bell Private Wealth Management LLC acquired a new stake in shares of Visa in the fourth quarter worth $32,000. Finally, Rise Advisors LLC acquired a new stake in shares of Visa in the fourth quarter worth $35,000. Hedge funds and other institutional investors own 81.28% of the company’s stock.

source: finnewslive