Jefferies Group Reiterates Buy on Visa (V)
A number of other analysts have also recently weighed in on V. Analysts at Citigroup (NYSE: C) raised their EPS on shares of Visa in a research note to investors on Friday, May 4th. They now have a “neutral” rating and a $123.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Visa in a research note to investors on Thursday, May 3rd. They now have a $128.00 price target on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Visa to $131.00 in a research note to investors on Thursday, May 3rd.
Visa traded up 0.32% on Thursday, hitting $118.55. Visa has a 52-week low of $73.11 and a 52-week high of $125.35. The company has a market cap of $79.809 billion and a price-to-earnings ratio of 18.91.
Visa last posted its quarterly earnings results on Wednesday, May 2nd. The company reported $1.60 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.50 by $0.10. The company’s quarterly revenue was up 14.8% on a year-over-year basis. Analysts expect that Visa will post $1.51 EPS next quarter.
Visa Inc. (Visa) is a global payments technology company that connects consumers, businesses, banks and governments in more than 200 countries and territories, enabling them to use digital currency instead of cash and checks.