Visa (NYSE:V) Price Target Raised to $225.00

Visa (NYSE:V) had its price target upped by Deutsche Bank from $177.00 to $225.00 in a report issued on Thursday, The Fly reports. Deutsche Bank currently has a buy rating on the credit-card processor’s stock.

V has been the subject of a number of other research reports. Robert W. Baird set a $182.00 price objective on shares of Visa and gave the company an outperform rating in a report on Wednesday, May 8th. Cantor Fitzgerald reiterated a buy rating and issued a $71.00 price objective on shares of ExlService in a report on Sunday, April 28th. UBS Group raised their price objective on shares of Tableau Software to $134.00 and gave the company a neutral rating in a report on Thursday, May 2nd. Wedbush reiterated an outperform rating and issued a $65.00 price objective (up previously from $60.00) on shares of Walker & Dunlop in a report on Wednesday, July 3rd. Finally, Bank of America raised their price objective on shares of Visa from $177.00 to $192.00 and gave the company a buy rating in a report on Monday, June 17th. Two equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Visa presently has a consensus rating of Buy and a consensus price target of $183.43.

V opened at $180.33 on Thursday. The firm has a 50 day moving average of $170.22. Visa has a 1-year low of $121.60 and a 1-year high of $181.35. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.58. The firm has a market cap of $360.77 billion, a P/E ratio of 39.12, a P/E/G ratio of 2.05 and a beta of 0.96.

Visa (NYSE:V) last posted its quarterly earnings results on Wednesday, April 24th. The credit-card processor reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.07. Visa had a net margin of 51.34% and a return on equity of 40.56%. The company had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.46 billion. During the same period last year, the company posted $1.11 EPS. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, equities analysts predict that Visa will post 5.37 earnings per share for the current fiscal year.

In other Visa news, EVP William M. Sheedy sold 75,676 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $165.24, for a total transaction of $12,504,702.24. Following the completion of the transaction, the executive vice president now owns 300,114 shares in the company, valued at approximately $49,590,837.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.17% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. E&G Advisors LP increased its stake in shares of Visa by 11.8% in the 2nd quarter. E&G Advisors LP now owns 7,608 shares of the credit-card processor’s stock valued at $1,320,000 after acquiring an additional 800 shares in the last quarter. Altman Advisors Inc. increased its stake in shares of Visa by 3.1% in the 2nd quarter. Altman Advisors Inc. now owns 18,336 shares of the credit-card processor’s stock valued at $3,182,000 after acquiring an additional 559 shares in the last quarter. Country Club Trust Company n.a. increased its stake in shares of Visa by 8.4% in the 2nd quarter. Country Club Trust Company n.a. now owns 7,470 shares of the credit-card processor’s stock valued at $1,296,000 after acquiring an additional 582 shares in the last quarter. Clark Capital Management Group Inc. increased its stake in shares of Visa by 41.1% in the 2nd quarter. Clark Capital Management Group Inc. now owns 5,278 shares of the credit-card processor’s stock valued at $916,000 after acquiring an additional 1,537 shares in the last quarter. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO increased its stake in shares of Visa by 2.2% in the 2nd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 20,315 shares of the credit-card processor’s stock valued at $3,526,000 after acquiring an additional 438 shares in the last quarter. 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.

Featured Story: Is the Dow Jones Industrial Average (DJIA) still relevant?

The Fly

Analyst Recommendations for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.