The price of Visa Inc. (NYSE:V) shares last traded on Wall Street rose 0.41% to $233.60.
Based on available information, 39 analysts follow Visa Inc. (NYSE:V). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $300.00 and a low of $220.00, we find $270.00. Given the previous closing price of $232.65, this indicates a potential upside of 16.05 percent. V stock price is now 3.01% away from the 50-day moving average and 9.84% away from the 200-day moving average. The market capitalization of the company currently stands at $477.92B.
25-cent Stock Takes $11T Commodities Sector Digital
One brilliantly-run technology firm has successfully partnered with some of the largest players in the industry to bring a first-of-its-kind digital solution to the global commodities supply chain sector. Best of all, this upstart technology firm is currently trading undiscovered — below 25-cents per share — so very, very few investors know about it yet! For investors… it's an early-stage opportunity in a company that's bringing the US$11T global commodities sector straight into the 21st century.
All the details are in the FREE online report you can get here.
Sponsored
Among analysts, 5 rate the stock a hold while 27 rate it a buy. Brokers who have rated the stock have averaged $268.87 as their price target over the next twelve months.
With the price target maintained at $210, KeyBanc Capital Markets recently Upgraded its rating from Sector Weight to Overweight for Visa Inc. (NYSE: V)., while ‘Deutsche Bank’ rates the stock as ‘Buy’.
In other news, MAHON TULLIER KELLY, VICE CHAIR, CHF PPL & CORP AFF sold 54,146 shares of the company’s stock on May 01. The stock was sold for $12,591,706 at an average price of $232.55. Upon completion of the transaction, the VICE CHAIR, CHF PPL & CORP AFF now directly owns 26,674 shares in the company, valued at $6.23 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 01, VICE CHAIR, CFO PRABHU VASANT M sold 13,343 shares of the business’s stock. A total of $3,125,785 was realized by selling the stock at an average price of $234.26. This leaves the insider owning 73,638 shares of the company worth $17.2 million. Insiders disposed of 745,492 shares of company stock worth roughly $174.15 million over the past 1 year. A total of 0.12% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in V stock. A new stake in Visa Inc. shares was purchased by OFI INVEST ASSET MANAGEMENT during the first quarter worth $14,032,348,000. LONGVIEW PARTNERS (GUERNSEY) LTD invested $593,852,000 in shares of V during the first quarter. In the first quarter, CANADA PENSION PLAN INVESTMENT BOARD acquired a new stake in Visa Inc. valued at approximately $82,853,000. QUINTET PRIVATE BANK (EUROPE) S.A. acquired a new stake in V for approximately $68,152,000. SKYE GLOBAL MANAGEMENT LP purchased a new stake in V valued at around $42,048,000 in the second quarter. In total, there are 4,504 active investors with 98.90% ownership of the company’s stock.
A candlestick chart of Visa Inc. (NYSE: V) showed a price of $232.40 on Thursday morning. During the past 12 months, Visa Inc. has had a low of $174.60 and a high of $235.57. As of last week, the company has a debt-to-equity ratio of 0.56, a current ratio of 1.50, and a quick ratio of 1.50. According to the stock market information, the enterprise value for the company is $484.02B, which is based on a 31.20 price-to-earnings ratio, a 2.13 price-to-earnings-growth ratio, and a beta of 0.97. The fifty day moving average price for V is $227.00 and a two-hundred day moving average price translates $212.81 for the stock.
The latest earnings results from Visa Inc. (NYSE: V) was released for Mar, 2023. According to the Credit Services Company, earnings per share came in at $2.09, beating analysts’ expectations of $1.99 by 0.1. This compares to $1.52 EPS in the same period last year. The net profit margin was 50.00% and return on equity was 45.00% for V. The company reported revenue of $7.99 billion for the quarter, compared to $7.19 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.07 percent. For the current quarter, analysts expect V to generate $8.07B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/01/2023. Investors who held shares on 05/12/2023 were paid a $0.45 dividend. On an annualized basis, this represents a $1.80 dividend and a 0.77% percent yield. There was an ex-dividend date of 05/11/2023 for this dividend. In terms of dividend payout ratio, V is presently at 22.00%.
Visa Inc.(V) Company Profile
Visa Inc. operates as a payments technology company worldwide. 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, click to pay; Visa Direct, a real-time payments network; Visa B2B Connect, a multilateral B2B cross-border payments network; Visa Treasury as a Service, a cross-border consumer payments business; 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. Further, the; company provides Cybersource, a payment management platform; and risk and identity solutions, such as Visa Advanced Authorization, Visa Secure, Visa Advanced Identity Score, and Visa Consumer Authentication Service; and Visa Consulting and Analytics, a payments consulting advisory services. It provides its services under the Visa, Visa Electron, Interlink, VPAY, and PLUS brands. The company serves consumers, merchants, financial institutions, and government entities. Visa Inc. was founded in 1958 and is headquartered in San Francisco, California.
