巴克莱将Visa(纽约证券交易所代码:V)的目标价提高至270.00美元

巴克莱将Visa(纽约证券交易所代码:V)的目标价提高至270.00美元
2023年02月02日 14:32 富途牛牛综合

Visa (NYSE:V – Get Rating) had its price objective raised by Barclays from $266.00 to $270.00 in a research note published on Sunday, The Fly reports. Barclays currently has an overweight rating on the credit-card processor's stock.

A number of other research firms also recently weighed in on V. Keefe, Bruyette & Woods reduced their target price on shares of Visa from $275.00 to $246.00 in a report on Monday, October 10th. Robert W. Baird upped their target price on shares of Visa from $250.00 to $270.00 and gave the stock an outperform rating in a research note on Thursday, January 19th. UBS Group dropped their target price on shares of Visa from $290.00 to $287.00 and set a buy rating on the stock in a research note on Thursday, December 15th. Wolfe Research upped their price target on shares of Visa from $240.00 to $255.00 in a research report on Thursday, January 5th. Finally, Truist Financial increased their target price on shares of Visa from $235.00 to $260.00 in a research report on Friday, January 20th. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of $259.11.

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Visa Price Performance

V stock opened at $230.90 on Friday. The firm has a 50 day moving average price of $214.76 and a 200-day moving average price of $205.42. Visa has a 52-week low of $174.60 and a 52-week high of $250.58. The firm has a market capitalization of $434.90 billion, a price-to-earnings ratio of 32.30, a PEG ratio of 1.80 and a beta of 0.95. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.45 and a current ratio of 1.44.

Visa (NYSE:V – Get Rating) last announced its quarterly earnings results on Thursday, January 26th. The credit-card processor reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.17. Visa had a net margin of 50.28% and a return on equity of 49.95%. The company had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.70 billion. During the same quarter last year, the firm earned $1.81 earnings per share. The firm's quarterly revenue was up 11.9% compared to the same quarter last year. Equities research analysts forecast that Visa will post 8.41 EPS for the current fiscal year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Friday, February 10th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.78%. This is an increase from Visa's previous quarterly dividend of $0.40. The ex-dividend date is Thursday, February 9th. Visa's dividend payout ratio (DPR) is presently 25.17%.

Visa declared that its board has authorized a stock buyback program on Tuesday, October 25th that allows the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization allows the credit-card processor to repurchase up to 3.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Insider Transactions at Visa

In other news, President Ryan Mcinerney sold 58,197 shares of the firm's stock in a transaction dated Monday, January 9th. The shares were sold at an average price of $62.47, for a total value of $3,635,566.59. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Visa news, President Ryan Mcinerney sold 58,197 shares of Visa stock in a transaction dated Monday, January 9th. The shares were sold at an average price of $62.47, for a total transaction of $3,635,566.59. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Rajat Taneja sold 25,627 shares of Visa stock in a transaction dated Friday, December 2nd. The stock was sold at an average price of $216.67, for a total transaction of $5,552,602.09. Following the transaction, the insider now directly owns 232,112 shares in the company, valued at $50,291,707.04. The disclosure for this sale can be found here. Insiders own 0.21% of the company's stock.

Institutional Investors Weigh In On Visa

A number of institutional investors have recently made changes to their positions in V. Bishop Rock Capital L.P. increased its position in shares of Visa by 20,610.1% during the second quarter. Bishop Rock Capital L.P. now owns 5,031,721 shares of the credit-card processor's stock valued at $25,556,000 after acquiring an additional 5,007,425 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in shares of Visa by 290.9% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,428,383 shares of the credit-card processor's stock valued at $786,702,000 after purchasing an additional 3,295,642 shares in the last quarter. Cottage Street Advisors LLC grew its holdings in shares of Visa by 15,603.1% in the fourth quarter. Cottage Street Advisors LLC now owns 3,156,323 shares of the credit-card processor's stock valued at $998,000 after purchasing an additional 3,136,223 shares in the last quarter. Alliancebernstein L.P. grew its holdings in shares of Visa by 7.0% in the third quarter. Alliancebernstein L.P. now owns 27,141,800 shares of the credit-card processor's stock valued at $4,821,741,000 after purchasing an additional 1,785,695 shares in the last quarter. Finally, Voya Investment Management LLC grew its holdings in shares of Visa by 222.7% in the second quarter. Voya Investment Management LLC now owns 2,499,636 shares of the credit-card processor's stock valued at $492,154,000 after purchasing an additional 1,724,984 shares in the last quarter. 81.87% of the stock is currently owned by institutional investors and hedge funds.

Visa Company Profile

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Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among a global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit cards, credit cards, prepaid products, commercial payment solutions, and global automated teller machines (ATMs).

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