The price of Visa Inc (NYSE:V) shares last traded on Wall Street rose 1.19% to $259.56.
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 $325.00 and a low of $220.00, we find $280.00. Given the previous closing price of $256.52, this indicates a potential upside of 9.15 percent. V stock price is now 6.75% away from the 50-day moving average and 10.45% away from the 200-day moving average. The market capitalization of the company currently stands at $521.26B.
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Among analysts, 7 rate the stock a hold while 26 rate it a buy. Brokers who have rated the stock have averaged $278.51 as their price target over the next twelve months.
In other news, Taneja Rajat, PRESIDENT, TECHNOLOGY sold 27,679 shares of the company’s stock on Dec 04. The stock was sold for $7,099,282 at an average price of $256.49. Upon completion of the transaction, the PRESIDENT, TECHNOLOGY now directly owns 232,112 shares in the company, valued at $60.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 01, Chief Executive Officer MCINERNEY RYAN sold 8,150 shares of the business’s stock. A total of $2,084,688 was realized by selling the stock at an average price of $255.79. This leaves the insider owning 29,152 shares of the company worth $7.57 million. Insiders disposed of 465,383 shares of company stock worth roughly $120.79 million over the past 1 year. A total of 21.51% of the company’s stock is owned by insiders.
A candlestick chart of Visa Inc (NYSE: V) showed a price of $257.30 on Tuesday morning. During the past 12 months, Visa Inc has had a low of $202.13 and a high of $257.63. 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 $533.78B, which is based on a 31.84 price-to-earnings ratio, a 2.29 price-to-earnings-growth ratio, and a beta of 0.96. The fifty day moving average price for V is $243.14 and a two-hundred day moving average price translates $235.01 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 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. The company also provides acceptance solutions, which include Cybersource that provides modular and value-added services for connecting merchants to payment processing; risk and identity solutions, such as Visa Advanced Authorization, Visa Secure, Visa Risk and Decision Manager, Visa Consumer Authentication Service, and payment-decisioning solutions for fraud prevention; and Visa Consulting and Analytics, a payment consulting advisory services. It provides its services under the Visa, Visa Electron, Interlink, V PAY, and PLUS brand names. The company serves merchants, financial institutions, and government entities. Visa Inc. was founded in 1958 and is headquartered in San Francisco, California.
