Economy

Visa Inc. (NYSE:V) Downgraded by Vetr Inc

Deutsche Bank AG increased their target price on Visa from $124.00 to $150.00 and gave the stock a buy rating in a research report on Monday, July 10th. Vetr lowered Visa from a "buy" rating to a "hold" rating and set a $113.35 target price for the company.in a report on Wednesday, October 25th. Finally, Cantor Fitzgerald assumed coverage on shares of Visa in a research note on Thursday, September 28th. Barclays PLC lifted their price target on shares of Visa from $88.00 to $90.00 and gave the stock an "overweight" rating in a research note on Monday, September 12th.

Several other equities research analysts also recently issued reports on the company. Six equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. Oppenheimer has "Buy" rating and $125.0 target. Woodmont Counsel Limited Liability Com has 0.06% invested in Visa Inc (NYSE:V) for 2,244 shares. 1,230,242 shares of the company's stock traded hands, compared to its average volume of 6,530,000.

Visa Inc has a 52 week low of $75.17 and a 52 week high of $109.26 with a P/E ratio of 39.80 The company's market cap is now $0. The company's 50-day moving average is $105.64 and its 200-day moving average is $98.12. Shares have hit a new 52-week high after reaching $111.83 during recent trading action. More interesting news about Visa Inc (NYSE:V) were released by: Seekingalpha.com and their article: "Visa: Why I'm Still Long" published on October 26, 2017 as well as Bloomberg.com's news article titled: "Visa Approves Monaco Cryptocurrency Card for Singapore Residents" with publication date: November 01, 2017. The credit-card processor reported $0.78 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.73 by $0.05. The firm had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.63 billion. Visa's revenue for the quarter was up 13.9% on a year-over-year basis. equities research analysts forecast that Visa will post 4.05 EPS for the current fiscal year. Visa's revenue was up 19.3% compared to the same quarter past year. During the same quarter in the prior year, the business earned $0.78 earnings per share. The Nebraska-based Berkshire Hathaway has invested 0.61% in Visa Inc (NYSE:V). This represents a $0.66 annualized dividend and a yield of 0.82%. Visa's payout ratio is presently 24.54%.

In other Visa news, Director Mary B. Cranston sold 10,400 shares of the firm's stock in a transaction on Thursday, August 17th. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The rating was maintained by RBC Capital Markets with "Outperform" on Friday, January 29. The stock was sold at an average price of $82.92, for a total transaction of $1,534,020.00.

Earnings Per Share (EPS), the portion of a company's profit distributed to each outstanding common share, is a useful indicator of a company's profitability. It also reduced its holding in Level 3 Communications Inc (NYSE:LVLT) by 625,693 shares in the quarter, leaving it with 569,796 shares, and cut its stake in Pfizer Inc (NYSE:PFE).

ILLEGAL ACTIVITY NOTICE: "Visa Inc". Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor's stock worth $104,000 after buying an additional 25 shares during the last quarter. Krilogy Financial LLC raised its stake in Visa by 0.3% during the second quarter. Institutional investors own 81.77% of the company's stock. Weitz Invest has 3.23% invested in Visa Inc (NYSE:V). Motco now owns 1,176 shares of the credit-card processor's stock worth $110,000 after buying an additional 236 shares during the last quarter.

Mendon Capital Advisors Corp increased Ishares Tr (Put) (EEM) stake by 52,000 shares to 352,000 valued at $14.57M in 2017Q2. BlackRock Fund Advisors now owns 27,427,533 shares of the credit-card processor's stock worth $2,268,257,000 after buying an additional 967,565 shares during the period. Baker Ellis Asset Management LLC grew its position in shares of Visa by 0.3% during the 2nd quarter. Baker Ellis Asset Management LLC now owns 6,262 shares of the credit-card processor's stock worth $587,000 after purchasing an additional 20 shares during the last quarter. Investors will be watching to see if the name can maintain momentum heading into the new year.Since the start of the calendar year, Visa Inc. The Company and its subsidiaries, including Visa U.SA Inc (Visa U.SA), Visa International Service Association (Visa International), Visa Worldwide Pte. The Company is a retail electronic payment network based on payments volume, number of transactions and number of cards in circulation.



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