Visa (NYSE:V) had its target price hoisted by Wells Fargo & Co from $181.00 to $200.00 in a research note issued to investors on Wednesday, The Fly reports. Wells Fargo & Co currently has an outperform rating on the credit-card processor’s stock.
A number of other analysts have also recently weighed in on V. Morgan Stanley cut their price target on RPC from $12.00 to $9.50 and set an underperform rating on the stock in a research note on Thursday, April 25th. Jefferies Financial Group restated a buy rating and issued a GBX 2,253 ($29.44) price target on shares of Burford Capital in a research note on Monday, March 25th. UBS Group raised their price target on Tableau Software to $134.00 and gave the company a neutral rating in a research note on Thursday, May 2nd. Goldman Sachs Group set a €14.15 ($16.45) price target on Assicurazioni Generali and gave the company a sell rating in a research note on Thursday, May 2nd. Finally, Oppenheimer set a $119.00 price target on American Express and gave the company a buy rating in a research note on Wednesday, April 17th. Two investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Visa has an average rating of Buy and an average price target of $183.43.
NYSE:V opened at $180.33 on Wednesday. The stock has a market capitalization of $360.77 billion, a price-to-earnings ratio of 39.12, a PEG ratio of 2.05 and a beta of 0.96. The company has a fifty day moving average of $170.22. Visa has a 12-month low of $121.60 and a 12-month high of $181.35. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.62 and a current ratio of 1.62.
In other news, EVP William M. Sheedy sold 75,676 shares of Visa stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $165.24, for a total transaction of $12,504,702.24. Following the sale, the executive vice president now owns 300,114 shares in the company, valued at $49,590,837.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the stock. Lowe Wealth Advisors LLC increased its position in Visa by 114.7% in the 2nd quarter. Lowe Wealth Advisors LLC now owns 161 shares of the credit-card processor’s stock valued at $28,000 after acquiring an additional 86 shares during the period. Highwater Wealth Management LLC acquired a new position in Visa in the 4th quarter valued at about $33,000. Essex Investment Management Co. LLC acquired a new position in Visa in the 4th quarter valued at about $33,000. Hexavest Inc. acquired a new position in Visa in the 2nd quarter valued at about $40,000. Finally, Ironwood Financial llc increased its position in Visa by 67.5% in the 4th quarter. Ironwood Financial llc now owns 335 shares of the credit-card processor’s stock valued at $44,000 after acquiring an additional 135 shares during the period. Hedge funds and other institutional investors own 80.97% of the company’s stock.
Visa Company Profile
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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