Zacks Reiterates Neutral on Visa (V)
V has been the subject of a number of other recent research reports. Analysts at Goldman Sachs (NYSE: GS) downgraded shares of Visa to a “buy” rating in a research note to investors on Thursday, May 17th. Separately, analysts at Jefferies Group (NYSE: JEF) reiterated a “buy” rating on shares of Visa in a research note to investors on Thursday, May 10th. Finally, 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.
Visa opened at 119.77 on Thursday. Visa has a 1-year low of $73.11 and a 1-year high of $125.35. The company has a market cap of $80.630 billion and a price-to-earnings ratio of 19.17.
Visa last released its earnings data on Wednesday, May 2nd. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.10. The company’s revenue for the quarter 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.