UBS Group Issues Positive Forecast for Visa (NYSE:V) Stock Price

Visa (NYSE:V) had its price objective boosted by investment analysts at UBS Group from $350.00 to $400.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the credit-card processor’s stock. UBS Group’s price objective indicates a potential upside of 16.05% from the stock’s current price.

Several other equities analysts have also weighed in on V. Macquarie upped their price objective on shares of Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. BMO Capital Markets boosted their target price on shares of Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Susquehanna boosted their target price on shares of Visa from $375.00 to $395.00 and gave the stock a “positive” rating in a research report on Friday. JPMorgan Chase & Co. boosted their target price on shares of Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $350.77.

Visa Stock Up 0.5 %

Shares of NYSE V traded up $1.63 during trading on Friday, hitting $344.68. 4,818,463 shares of the company traded hands, compared to its average volume of 5,695,550. The business’s fifty day moving average is $317.09 and its 200 day moving average is $292.45. Visa has a fifty-two week low of $252.70 and a fifty-two week high of $351.25. The firm has a market capitalization of $642.10 billion, a price-to-earnings ratio of 35.42, a P/E/G ratio of 2.27 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.96% and a return on equity of 53.16%. Equities research analysts predict that Visa will post 11.18 earnings per share for the current fiscal year.

Insider Activity at Visa

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now directly owns 17,894 shares in the company, valued at $5,510,815.18. This represents a 10.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Institutional Trading of Visa

Several institutional investors and hedge funds have recently bought and sold shares of V. Peterson Financial Group Inc. bought a new position in shares of Visa in the 3rd quarter worth $26,000. Decker Retirement Planning Inc. bought a new position in shares of Visa during the 4th quarter valued at $26,000. Reston Wealth Management LLC bought a new position in shares of Visa during the 3rd quarter valued at $31,000. POM Investment Strategies LLC grew its holdings in shares of Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after purchasing an additional 32 shares during the last quarter. Finally, Modus Advisors LLC bought a new position in shares of Visa during the 4th quarter valued at $32,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

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.