Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Visa (NYSE:V) Stock

Visa (NYSE:V) had its target price increased by analysts at Keefe, Bruyette & Woods from $360.00 to $400.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the credit-card processor’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 16.94% from the stock’s current price.

V has been the topic of a number of other research reports. Bank of America raised their price target on shares of Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a report on Friday. Susquehanna raised their price target on shares of Visa from $375.00 to $395.00 and gave the company a “positive” rating in a report on Friday. Citigroup raised their price target on shares of Visa from $326.00 to $354.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Macquarie raised their price target on shares of Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Barclays raised their price target on shares of Visa from $319.00 to $347.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and a consensus price target of $352.27.

Visa Stock Down 0.3 %

V stock opened at $342.05 on Friday. Visa has a 12-month low of $252.70 and a 12-month high of $351.25. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The company has a market cap of $637.19 billion, a price-to-earnings ratio of 35.15, a PEG ratio of 2.27 and a beta of 0.96. The company has a 50 day moving average of $317.74 and a two-hundred day moving average of $292.96.

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

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

Hedge Funds Weigh In On Visa

Several institutional investors have recently added to or reduced their stakes in V. Czech National Bank raised its stake in shares of Visa by 13.4% in the third quarter. Czech National Bank now owns 340,238 shares of the credit-card processor’s stock worth $93,548,000 after acquiring an additional 40,268 shares during the last quarter. Unique Wealth LLC raised its stake in shares of Visa by 16.7% in the third quarter. Unique Wealth LLC now owns 8,170 shares of the credit-card processor’s stock worth $2,246,000 after acquiring an additional 1,171 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Visa by 4,412.3% in the third quarter. SG Americas Securities LLC now owns 4,072,467 shares of the credit-card processor’s stock worth $1,119,725,000 after acquiring an additional 4,166,905 shares during the last quarter. Farmers Trust Co. grew its position in shares of Visa by 0.6% during the 3rd quarter. Farmers Trust Co. now owns 25,773 shares of the credit-card processor’s stock worth $7,086,000 after buying an additional 154 shares during the period. Finally, Delta Financial Group Inc. grew its position in shares of Visa by 1.3% during the 3rd quarter. Delta Financial Group Inc. now owns 7,673 shares of the credit-card processor’s stock worth $2,110,000 after buying an additional 99 shares during the period. 82.15% of the stock is owned by institutional investors.

About Visa

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.