Mizuho Forecasts Strong Price Appreciation for Visa (NYSE:V) Stock

by · The Cerbat Gem

Visa (NYSE:V – Free Report) had its price target increased by Mizuho from $279.00 to $292.00 in a report issued on Friday, Benzinga reports. The firm currently has a neutral rating on the credit-card processor’s stock.

A number of other equities analysts have also commented on V. William Blair raised shares of Visa to a “strong-buy” rating in a research report on Tuesday, July 23rd. Morgan Stanley raised their target price on shares of Visa from $322.00 to $326.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Compass Point assumed coverage on shares of Visa in a research report on Wednesday, September 4th. They set a “buy” rating and a $319.00 target price for the company. Susquehanna raised their price target on Visa from $326.00 to $339.00 and gave the company a “positive” rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada boosted their price objective on Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $320.70.

Check Out Our Latest Research Report on V

Visa Stock Up 0.3 %

V stock opened at $290.74 on Friday. The firm has a market cap of $529.82 billion, a PE ratio of 29.88, a PEG ratio of 1.94 and a beta of 0.95. Visa has a 1 year low of $239.20 and a 1 year high of $296.34. The company has a fifty day simple moving average of $281.00 and a 200 day simple moving average of $273.66. The company has a current ratio of 1.28, a quick ratio of 1.37 and a debt-to-equity ratio of 0.55.

Visa (NYSE:V – Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The company had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter in the previous year, the firm earned $2.33 earnings per share. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. Sell-side analysts anticipate that Visa will post 11.17 EPS for the current fiscal year.

Visa Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.81%. This is a boost from Visa’s previous quarterly dividend of $0.52. The ex-dividend date is Tuesday, November 12th. Visa’s dividend payout ratio is 21.38%.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total value of $2,382,309.40. Following the transaction, the chief executive officer now directly owns 538 shares in the company, valued at $148,687.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.19% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of V. WFA Asset Management Corp grew its holdings in Visa by 4.6% during the 1st quarter. WFA Asset Management Corp now owns 2,263 shares of the credit-card processor’s stock worth $632,000 after acquiring an additional 100 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its holdings in shares of Visa by 7.4% in the first quarter. Ashton Thomas Private Wealth LLC now owns 31,932 shares of the credit-card processor’s stock valued at $8,912,000 after purchasing an additional 2,199 shares in the last quarter. Edge Financial Advisors LLC acquired a new stake in shares of Visa in the first quarter valued at approximately $585,000. China Universal Asset Management Co. Ltd. raised its position in Visa by 46.9% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 50,328 shares of the credit-card processor’s stock worth $14,046,000 after purchasing an additional 16,078 shares during the last quarter. Finally, Diversify Advisory Services LLC acquired a new position in Visa during the 1st quarter worth $9,574,000. Institutional investors own 82.15% of the company’s stock.

About Visa

(Get Free Report)

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.

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