Visa (NYSE:V) Price Target Raised to $292.00 at Mizuho

Visa (NYSE:V) had its price target lifted by equities researchers at Mizuho from $279.00 to $292.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the credit-card processor’s stock. Mizuho’s price objective points to a potential upside of 0.26% from the company’s current price.

A number of other research firms have also commented on V. Compass Point began coverage on shares of Visa in a report on Wednesday, September 4th. They issued a “buy” rating and a $319.00 target price for the company. Royal Bank of Canada lifted their price objective on shares of Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a research report on Wednesday. Citigroup increased their target price on Visa from $319.00 to $326.00 and gave the company a “buy” rating in a report on Wednesday. Piper Sandler lifted their price target on Visa from $319.00 to $322.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, William Blair raised Visa to a “strong-buy” rating in a research note on Tuesday, July 23rd. Four research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $320.70.

Visa Trading Up 0.5 %

Visa stock traded up $1.38 during trading on Friday, hitting $291.23. The company’s stock had a trading volume of 2,843,619 shares, compared to its average volume of 7,058,857. The stock’s fifty day moving average is $280.53 and its 200 day moving average is $273.50. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.37 and a current ratio of 1.28. Visa has a 1-year low of $239.20 and a 1-year high of $296.34. The stock has a market capitalization of $530.71 billion, a price-to-earnings ratio of 29.90, a P/E/G ratio of 2.00 and a beta of 0.96.

Visa (NYSE:V) last posted its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. The business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.33 earnings per share. As a group, equities research analysts predict that Visa will post 11.12 EPS for the current year.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the sale, the chief executive officer now directly owns 538 shares in the company, valued at approximately $148,687.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.19% of the company’s stock.

Institutional Trading of Visa

A number of institutional investors have recently made changes to their positions in V. POM Investment Strategies LLC increased its position in Visa by 970.0% during the second quarter. POM Investment Strategies LLC now owns 107 shares of the credit-card processor’s stock worth $28,000 after buying an additional 97 shares during the last quarter. Reston Wealth Management LLC acquired a new position in shares of Visa in the third quarter valued at $31,000. TruNorth Capital Management LLC boosted its holdings in shares of Visa by 211.9% during the 2nd quarter. TruNorth Capital Management LLC now owns 131 shares of the credit-card processor’s stock worth $34,000 after buying an additional 89 shares during the period. Bbjs Financial Advisors LLC bought a new stake in Visa in the 2nd quarter valued at $35,000. Finally, CarsonAllaria Wealth Management Ltd. bought a new position in shares of Visa during the second quarter worth approximately $35,000. Institutional investors own 82.15% of the company’s stock.

Visa 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.