Visa (NYSE:V) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Visa (NYSE:V) had its price objective increased by JPMorgan Chase & Co. from $340.00 to $375.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the credit-card processor’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 9.09% from the stock’s current price.

Other analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. BMO Capital Markets increased their price objective on shares of Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Raymond James reiterated an “outperform” rating and set a $393.00 price objective (up from $374.00) on shares of Visa in a report on Friday. TD Cowen increased their price objective on shares of Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada increased their price objective on shares of Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and an average price target of $347.88.

Visa Price Performance

V stock traded up $0.71 during trading on Friday, reaching $343.76. 4,330,783 shares of the company were exchanged, compared to its average volume of 5,674,947. The company has a market cap of $640.39 billion, a P/E ratio of 35.34, a PEG ratio of 2.27 and a beta of 0.96. Visa has a 52-week low of $252.70 and a 52-week high of $351.25. The stock’s 50 day moving average price is $317.09 and its 200 day moving average price is $292.45. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 53.16% and a net margin of 54.96%. As a group, analysts predict that Visa will post 11.18 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Institutional Trading of Visa

Institutional investors have recently made changes to their positions in the business. Custom Index Systems LLC bought a new position in Visa in the 3rd quarter worth approximately $731,000. Copley Financial Group Inc. bought a new position in Visa during the third quarter worth about $616,000. Oak Ridge Investments LLC boosted its holdings in Visa by 5.9% during the fourth quarter. Oak Ridge Investments LLC now owns 75,456 shares of the credit-card processor’s stock worth $23,847,000 after buying an additional 4,198 shares during the last quarter. FORA Capital LLC bought a new position in Visa during the third quarter worth about $7,987,000. Finally, Chicago Capital LLC boosted its holdings in Visa by 5.2% during the third quarter. Chicago Capital LLC now owns 404,914 shares of the credit-card processor’s stock worth $111,331,000 after buying an additional 20,023 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Company Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.