JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Visa (NYSE:V) Stock

Visa (NYSE:V) had its target price raised by stock analysts at JPMorgan Chase & Co. from $340.00 to $375.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the credit-card processor’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 9.09% from the stock’s previous close.

V has been the topic of a number of other research reports. Mizuho boosted their target price on shares of Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a report on Friday, November 1st. TD Cowen increased their price objective on Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Bank of America raised their target price on Visa from $331.00 to $363.00 and gave the stock a “neutral” rating in a research note on Friday. Citigroup upped their price target on Visa from $326.00 to $354.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Finally, Susquehanna raised their price objective on shares of Visa from $375.00 to $395.00 and gave the company a “positive” rating in a research report on Friday. Four research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $347.88.

Visa Stock Up 0.2 %

Shares of NYSE V traded up $0.71 during trading on Friday, hitting $343.76. 4,330,783 shares of the company traded hands, compared to its average volume of 5,674,947. 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 company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market capitalization of $640.39 billion, a price-to-earnings ratio of 35.34, a P/E/G ratio of 2.27 and a beta of 0.96.

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

Insider Activity at Visa

In related news, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the transaction, the insider now owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value 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 Investors Weigh In On Visa

Institutional investors have recently made changes to their positions in the company. Peterson Financial Group Inc. bought a new position in Visa in the 3rd quarter valued at $26,000. Decker Retirement Planning Inc. purchased a new stake in shares of Visa during the fourth quarter valued at $26,000. Reston Wealth Management LLC bought a new position in shares of Visa in the third quarter worth about $31,000. POM Investment Strategies LLC increased its stake in Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after buying an additional 32 shares during the period. Finally, Modus Advisors LLC bought a new stake in Visa during the 4th quarter valued at about $32,000. Institutional investors own 82.15% of the company’s stock.

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.