Visa Inc. (V) Upgraded to “Outperform” by Wells Fargo & Company

Wells Fargo & Company upgraded shares of Visa Inc. (NYSE:V) from a market perform rating to an outperform rating in a research report sent to investors on Tuesday. The firm currently has $120.00 price target on the credit-card processor’s stock, up from their prior price target of $107.01.

V has been the topic of a number of other reports. BidaskClub downgraded shares of Visa from a strong-buy rating to a buy rating in a research note on Tuesday, June 13th. Sandler O’Neill restated a hold rating on shares of Visa in a research note on Wednesday, June 21st. Cowen and Company restated an outperform rating and issued a $105.00 target price on shares of Visa in a research note on Friday, June 23rd. Jefferies Group LLC restated a buy rating and issued a $104.00 target price on shares of Visa in a research note on Sunday, June 25th. Finally, Mizuho began coverage on shares of Visa in a research note on Tuesday, June 27th. They issued a buy rating and a $115.00 target price on the stock. Two analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Buy and an average price target of $109.40.

Shares of Visa (NYSE:V) opened at 108.01 on Tuesday. Visa has a 12-month low of $75.17 and a 12-month high of $108.05. The stock’s 50 day moving average is $104.76 and its 200-day moving average is $97.29. The stock has a market capitalization of $246.96 billion, a price-to-earnings ratio of 40.17 and a beta of 0.93.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.36 billion. Visa had a net margin of 36.53% and a return on equity of 30.95%. The firm’s revenue was up 25.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.69 EPS. On average, analysts expect that Visa will post $3.43 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Visa Inc. (V) Upgraded to “Outperform” by Wells Fargo & Company” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another website, it was illegally copied and republished in violation of international copyright & trademark laws. The original version of this piece can be accessed at https://ledgergazette.com/2017/10/11/visa-inc-v-upgraded-to-outperform-by-wells-fargo-company.html.

In other news, EVP Tullier Kelly Mahon sold 29,772 shares of the stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $100.91, for a total value of $3,004,292.52. Following the sale, the executive vice president now owns 17,360 shares in the company, valued at $1,751,797.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary B. Cranston sold 10,400 shares of the stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $103.32, for a total transaction of $1,074,528.00. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Amarillo National Bank increased its stake in shares of Visa by 45.1% in the third quarter. Amarillo National Bank now owns 8,398 shares of the credit-card processor’s stock worth $883,000 after acquiring an additional 2,611 shares during the period. Beacon Financial Group increased its stake in shares of Visa by 2.8% in the third quarter. Beacon Financial Group now owns 24,877 shares of the credit-card processor’s stock worth $2,618,000 after acquiring an additional 674 shares during the period. Neville Rodie & Shaw Inc. increased its stake in shares of Visa by 4.4% in the third quarter. Neville Rodie & Shaw Inc. now owns 116,642 shares of the credit-card processor’s stock worth $12,275,000 after acquiring an additional 4,941 shares during the period. Eqis Capital Management Inc. increased its stake in shares of Visa by 4.2% in the third quarter. Eqis Capital Management Inc. now owns 20,131 shares of the credit-card processor’s stock worth $2,119,000 after acquiring an additional 815 shares during the period. Finally, Curbstone Financial Management Corp increased its stake in shares of Visa by 88.3% in the third quarter. Curbstone Financial Management Corp now owns 6,100 shares of the credit-card processor’s stock worth $642,000 after acquiring an additional 2,860 shares during the

V has been the topic of a number of other reports. BidaskClub downgraded shares of Visa from a strong-buy rating to a buy rating in a research note on Tuesday, June 13th. Sandler O’Neill restated a hold rating on shares of Visa in a research note on Wednesday, June 21st. Cowen and Company restated an outperform rating and issued a $105.00 target price on shares of Visa in a research note on Friday, June 23rd. Jefferies Group LLC restated a buy rating and issued a $104.00 target price on shares of Visa in a research note on Sunday, June 25th. Finally, Mizuho began coverage on shares of Visa in a research note on Tuesday, June 27th. They issued a buy rating and a $115.00 target price on the stock. Two analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of Buy and an average price target of $109.40.

Shares of Visa (NYSE:V) opened at 108.01 on Tuesday. Visa has a 12-month low of $75.17 and a 12-month high of $108.05. The stock’s 50 day moving average is $104.76 and its 200-day moving average is $97.29. The stock has a market capitalization of $246.96 billion, a price-to-earnings ratio of 40.17 and a beta of 0.93.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.36 billion. Visa had a net margin of 36.53% and a return on equity of 30.95%. The firm’s revenue was up 25.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.69 EPS. On average, analysts expect that Visa will post $3.43 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Visa Inc. (V) Upgraded to “Outperform” by Wells Fargo & Company” was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another website, it was illegally copied and republished in violation of international copyright & trademark laws. The original version of this piece can be accessed at https://ledgergazette.com/2017/10/11/visa-inc-v-upgraded-to-outperform-by-wells-fargo-company.html.

In other news, EVP Tullier Kelly Mahon sold 29,772 shares of the stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $100.91, for a total value of $3,004,292.52. Following the sale, the executive vice president now owns 17,360 shares in the company, valued at $1,751,797.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary B. Cranston sold 10,400 shares of the stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $103.32, for a total transaction of $1,074,528.00. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Amarillo National Bank increased its stake in shares of Visa by 45.1% in the third quarter. Amarillo National Bank now owns 8,398 shares of the credit-card processor’s stock worth $883,000 after acquiring an additional 2,611 shares during the period. Beacon Financial Group increased its stake in shares of Visa by 2.8% in the third quarter. Beacon Financial Group now owns 24,877 shares of the credit-card processor’s stock worth $2,618,000 after acquiring an additional 674 shares during the period. Neville Rodie & Shaw Inc. increased its stake in shares of Visa by 4.4% in the third quarter. Neville Rodie & Shaw Inc. now owns 116,642 shares of the credit-card processor’s stock worth $12,275,000 after acquiring an additional 4,941 shares during the period. Eqis Capital Management Inc. increased its stake in shares of Visa by 4.2% in the third quarter. Eqis Capital Management Inc. now owns 20,131 shares of the credit-card processor’s stock worth $2,119,000 after acquiring an additional 815 shares during the period. Finally, Curbstone Financial Management Corp increased its stake in shares of Visa by 88.3% in the third quarter. Curbstone Financial Management Corp now owns 6,100 shares of the credit-card processor’s stock worth $642,000 after acquiring an additional 2,860 shares during the period. Hedge funds and other institutional investors own 81.68% of the company’s stock.

About Visa

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

Analyst Recommendations for Visa (NYSE:V)

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