Several other analysts have also recently commented on the stock. Analysts at UBS AG (NYSE: UBS) raised their price target on shares of Visa from $124.00 to $127.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Separately, analysts at Deutsche Bank (NYSE: DB) raised their price target on shares of Visa to $125.00 in a research note to investors on Thursday. Finally, analysts at Deutsche Bank (NYSE: DB) reiterated a “buy” rating on shares of Visa in a research note to investors on Thursday.
Shares of Visa traded up 1.34% during mid-day trading on Thursday, hitting $117.975. Visa has a one year low of $73.11 and a one year high of $125.35. The company has a market cap of $96.032 billion and a P/E ratio of 22.53.
The company last announced its quarterly results on Wednesday, May 2nd. It reported $1.60 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $1.50 EPS by $0.10. The company’s quarterly revenue was up 14.8% on a year-over-year basis. On average, analysts predict that Visa will post $1.53 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.