A number of research firms have changed their ratings and price targets for Visa (NYSE: V):
- 7/30/2024 – Visa was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
- 7/24/2024 – Visa had its price target lowered by analysts at JPMorgan Chase & Co. from $300.00 to $290.00. They now have an “overweight” rating on the stock.
- 7/24/2024 – Visa had its price target lowered by analysts at Piper Sandler from $322.00 to $319.00. They now have an “overweight” rating on the stock.
- 7/24/2024 – Visa had its price target lowered by analysts at Morgan Stanley from $326.00 to $322.00. They now have an “overweight” rating on the stock.
- 7/24/2024 – Visa had its “outperform” rating reaffirmed by analysts at Macquarie. They now have a $300.00 price target on the stock.
- 7/24/2024 – Visa had its price target lowered by analysts at Royal Bank of Canada from $315.00 to $311.00. They now have an “outperform” rating on the stock.
- 7/24/2024 – Visa had its price target lowered by analysts at Citigroup Inc. from $321.00 to $319.00. They now have a “buy” rating on the stock.
- 7/24/2024 – Visa had its price target lowered by analysts at TD Cowen from $320.00 to $318.00. They now have a “buy” rating on the stock.
- 7/24/2024 – Visa had its price target lowered by analysts at Jefferies Financial Group Inc. from $325.00 to $300.00. They now have a “buy” rating on the stock.
- 7/23/2024 – Visa was upgraded by analysts at William Blair to a “strong-buy” rating.
- 7/18/2024 – Visa had its price target lowered by analysts at JPMorgan Chase & Co. from $302.00 to $300.00. They now have an “overweight” rating on the stock.
- 7/10/2024 – Visa had its “neutral” rating reaffirmed by analysts at Bank of America Co.. They now have a $297.00 price target on the stock, down previously from $305.00.
- 6/25/2024 – Visa had its price target lowered by analysts at Evercore ISI from $335.00 to $330.00. They now have an “outperform” rating on the stock.
Visa Price Performance
NYSE V traded up $3.31 during trading hours on Thursday, hitting $259.83. The company had a trading volume of 8,208,155 shares, compared to its average volume of 7,071,858. The firm has a 50 day simple moving average of $268.04 and a 200 day simple moving average of $274.06. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37 and a current ratio of 1.37. The firm has a market capitalization of $473.49 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 1.82 and a beta of 0.95. Visa Inc. has a 52 week low of $227.78 and a 52 week high of $290.96.
Visa (NYSE:V – Get Free Report) last announced its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, meeting the consensus estimate of $2.42. Visa had a return on equity of 51.94% and a net margin of 54.72%. The firm had revenue of $8.90 billion during the quarter, compared to the consensus estimate of $8.92 billion. During the same quarter in the previous year, the company posted $2.16 earnings per share. The business’s revenue was up 9.6% on a year-over-year basis. Equities research analysts expect that Visa Inc. will post 9.91 earnings per share for the current year.
Visa Dividend Announcement
Insider Activity
In other Visa news, insider Paul D. Fabara sold 25,293 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total value of $7,009,954.95. Following the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.19% of the stock is owned by corporate insiders.
Institutional Trading of Visa
A number of large investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Visa during the fourth quarter valued at $3,895,015,000. National Bank of Canada FI grew its holdings in Visa by 787.1% during the 1st quarter. National Bank of Canada FI now owns 4,619,881 shares of the credit-card processor’s stock worth $1,296,820,000 after acquiring an additional 4,099,122 shares in the last quarter. Swedbank AB purchased a new position in Visa during the 1st quarter valued at about $511,321,000. GQG Partners LLC raised its holdings in shares of Visa by 40.1% in the 1st quarter. GQG Partners LLC now owns 5,990,634 shares of the credit-card processor’s stock valued at $1,671,866,000 after purchasing an additional 1,715,686 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its position in shares of Visa by 14,306.3% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,500,270 shares of the credit-card processor’s stock worth $390,595,000 after purchasing an additional 1,489,856 shares during the period. Institutional investors own 82.15% of the company’s stock.
Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.
Read More
- Five stocks we like better than Visa
- Do ETFs Pay Dividends? What You Need to Know
- Owens-Corning Stock: Good Value or Recession Red Flag?
- Using the MarketBeat Dividend Yield Calculator
- Datadog Exceeds Q2 Expectations, Solidifies Market Leadership
- What Are Dividend Contenders? Investing in Dividend Contenders
- Cybersecurity Stock Surges, Promising Double-Digit Gains
Receive News & Ratings for Visa Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa Inc and related companies with MarketBeat.com's FREE daily email newsletter.