In yesterday’s Wall Street session, Visa Inc (NYSE:V) shares traded at $289.28, up 0.67% from the previous session.
V stock price is now 4.64% away from the 50-day moving average and 15.53% away from the 200-day moving average. The market capitalization of the company currently stands at $581.15B.
With the price target enhanced from $243 to $265, Mizuho maintained Neutral rating for Visa Inc (NYSE: V). On January 18, 2024, Citigroup reiterated its ‘Buy’ rating on the stock by increasing its target price from $296 to quote $306, while ‘Monness Crespi & Hardt’ rates the stock as ‘Neutral’
In other news, MCINERNEY RYAN, Chief Executive Officer sold 8,150 shares of the company’s stock on Mar 01 ’24. The stock was sold for $2,308,080 at an average price of $283.20. Upon completion of the transaction, the Chief Executive Officer now directly owns 538 shares in the company, valued at $0.16 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 07 ’24, GBL CORP CONTROLLER, CAO ANDRESKI PETER M sold 2,615 shares of the business’s stock. A total of $729,282 was realized by selling the stock at an average price of $278.88. This leaves the insider owning 4,898 shares of the company worth $1.42 million. A total of 21.50% of the company’s stock is owned by insiders.
During the past 12 months, Visa Inc has had a low of $216.14 and a high of $289.04. As of last week, the company has a debt-to-equity ratio of 0.52, 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 $596.31B, which is based on a 33.82 price-to-earnings ratio, a 2.55 price-to-earnings-growth ratio, and a beta of 0.96. The fifty day moving average price for V is $276.99 and a two-hundred day moving average price translates $250.70 for the stock.
The latest earnings results from Visa Inc (NYSE: V) was released for Dec, 2023. According to the Credit Services Company, earnings per share came in at $2.41, beating analysts’ expectations of $2.34 by 0.07. This compares to $1.77 EPS in the same period last year. The net profit margin was 53.07% and return on equity was 46.18% for V. The company reported revenue of $8.63 billion for the quarter, compared to $7.94 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.8 percent. For the current quarter, analysts expect V to generate $8.63B in revenue.
