Visa Rating Lowered to Buy at Goldman Sachs (V)
A number of other analysts have also recently weighed in on V. Analysts at Jefferies Group (NYSE: JEF) reiterated a “buy” rating on shares of Visa in a research note to investors on Thursday, May 10th. Separately, 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. Finally, 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.
Shares of Visa traded down 0.73% during mid-day trading on Thursday, hitting $114.17. Visa has a 52 week low of $73.11 and a 52 week high of $125.35. The company has a market cap of $76.860 billion and a P/E ratio of 18.41.
Visa last announced its earnings results on Wednesday, May 2nd. The company reported $1.60 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.50 by $0.10. Visa’s revenue was up 14.8% compared to the same quarter last year. On average, analysts predict that Visa will post $1.51 earnings per share 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.