Visa Rating Lowered to Buy at Goldman Sachs (V)

By admin | 6 years ago

Visa (NYSE: V) was downgraded by analysts at Goldman Sachs (NYSE: GS) to a “buy” rating in a research report issued to clients and investors on Thursday.

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.

About the author