Visa (NYSE: V)‘s stock had its “neutral” rating restated by Zacks in a report issued on Tuesday. They currently have a $167.00 target price on the stock.
Shares of Visa traded up 0.50% during mid-day trading on Tuesday, hitting $160.29. Visa has a 52 week low of $111.94 and a 52 week high of $162.77. The stock’s 50-day moving average is currently $158.0. The company has a market cap of $106.0 billion and a P/E ratio of 44.37.
Visa last posted its quarterly earnings results on Wednesday, February 6th. The company reported $1.82 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.79 by $0.03. The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.82 billion. During the same quarter last year, the company posted $1.49 earnings per share. Visa’s revenue was up 11.7% compared to the same quarter last year. On average, analysts predict that Visa will post $7.34 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Visa in a research note to investors on Monday. Separately, analysts at Janney Montgomery Scott reiterated a “neutral” rating on shares of Visa in a research note to investors on Friday. They now have a $135.00 price target on the stock. Finally, analysts at Argus downgraded shares of Visa from a “buy” rating to a “hold” rating in a research note to investors on Friday. They noted that the move was a valuation call.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, March 5th. Stockholders of record on Friday, February 15th will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Wednesday, February 13th.
Visa Inc. (Visa) is a global payments technology company that connects consumers, businesses, banks and governments in more than 200 countries and territories to fast, secure and reliable electronic payments.
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