In yesterday’s Wall Street session, Visa Inc (NYSE:V) shares traded at $252.94, down -0.47% 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 $254.14, this indicates a potential upside of 9.39 percent. V stock price is now 5.73% away from the 50-day moving average and 8.34% away from the 200-day moving average. The market capitalization of the company currently stands at $515.08B.
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, Taneja Rajat, PRESIDENT, TECHNOLOGY sold 7,811 shares of the company’s stock on Nov 22. The stock was sold for $1,977,511 at an average price of $253.17. Upon completion of the transaction, the PRESIDENT, TECHNOLOGY now directly owns 232,112 shares in the company, valued at $58.71 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 17, PRESIDENT, TECHNOLOGY Taneja Rajat sold 9,200 shares of the business’s stock. A total of $2,300,051 was realized by selling the stock at an average price of $250.01. This leaves the insider owning 232,112 shares of the company worth $58.71 million. Insiders disposed of 609,031 shares of company stock worth roughly $154.05 million over the past 1 year. A total of 21.32% of the company’s stock is owned by insiders.
Tuesday morning saw Visa Inc (NYSE: V) opened at $253.85. During the past 12 months, Visa Inc has had a low of $202.13 and a high of $254.98. 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 $522.17B, which is based on a 31.03 price-to-earnings ratio, a 2.16 price-to-earnings-growth ratio, and a beta of 0.94. The fifty day moving average price for V is $239.23 and a two-hundred day moving average price translates $233.48 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.
