In yesterday’s Wall Street session, Visa Inc (NYSE:V) shares traded at $249.56, up 0.40% from the previous session.
As of this writing, 38 analysts cover 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 $325.00 and a low of $220.00, we find $278.00. Given the previous closing price of $248.57, this indicates a potential upside of 11.84 percent. V stock price is now 4.68% away from the 50-day moving average and 7.20% away from the 200-day moving average. The market capitalization of the company currently stands at $508.20B.
There are 7 analysts who have given it a hold rating, whereas 25 have given it a buy rating. Brokers who have rated the stock have averaged $277.06 as their price target over the next twelve months.
With the price target of $295, UBS recently initiated with Buy rating for Visa Inc (NYSE: V).
In other news, MCINERNEY RYAN, Chief Executive Officer sold 8,150 shares of the company’s stock on Nov 02. The stock was sold for $1,956,000 at an average price of $240.00. Upon completion of the transaction, the Chief Executive Officer now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 01, EXECUTIVE CHAIRMAN KELLY ALFRED F JR sold 40,000 shares of the business’s stock. A total of $9,445,600 was realized by selling the stock at an average price of $236.14. This leaves the insider owning 139,854 shares of the company worth $34.9 million. Insiders disposed of 624,027 shares of company stock worth roughly $155.73 million over the past 1 year. A total of 21.34% of the company’s stock is owned by insiders.
Friday morning saw Visa Inc (NYSE: V) opened at $249.45. During the past 12 months, Visa Inc has had a low of $202.13 and a high of $250.06. As of last week, the company has a debt-to-equity ratio of 0.54, a current ratio of 1.45, and a quick ratio of 1.45. According to the stock market information, the enterprise value for the company is $512.77B, which is based on a 30.62 price-to-earnings ratio, a 2.13 price-to-earnings-growth ratio, and a beta of 0.94. The fifty day moving average price for V is $238.44 and a two-hundred day moving average price translates $232.91 for the stock.
The latest earnings results from Visa Inc (NYSE: V) was released for Sep, 2023. According to the Credit Services Company, earnings per share came in at $2.33, beating analysts’ expectations of $2.24 by 0.09. This compares to $1.66 EPS in the same period last year. The net profit margin was 52.03% and return on equity was 45.72% for V. The company reported revenue of $8.61 billion for the quarter, compared to $7.79 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.56 percent. For the current quarter, analysts expect V to generate $8.53B in revenue.
Visa Inc(V) Company Profile
Visa Inc. operates as a payments 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, click to pay; Visa Direct, a person-to-person digital payments apps; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solutions, 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. In addition, the company provides Cybersource, a payment management platform; risk and identity solutions, such as Visa Advanced Authorization, Visa Secure, Visa Risk and Decision Manager, Visa Consumer Authentication Service, and payment-decisioning solutions; and Visa Consulting and Analytics, a payment consulting advisory services. It provides its services under the Visa, Visa Electron, Interlink, VPAY, and PLUS brand name. The company serves consumers, merchants, financial institutions, and government entities. Visa Inc. was founded in 1958 and is based in San Francisco, California.