Visa Inc (V) was Resumed by JP Morgan to “Overweight” and the brokerage firm has set the Price Target at $88. JP Morgan advised their investors in a research report released on Jun 6, 2016.
Many Wall Street Analysts have commented on Visa Inc. Company shares were Reiterated by Sun Trust Rbsn Humphrey on Apr 20, 2016 to “Buy”, Firm has raised the Price Target to $ 100 from a previous price target of $85 .Compass Point Initiated Visa Inc on Apr 15, 2016 to “Neutral”, Price Target of the shares are set at $80.
On the company’s financial health, Visa Inc reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.66. The company had revenue of $3626.00 million for the quarter, compared to analysts expectations of $3600.06 million. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.
Visa Inc closed down -0.01 points or -0.01% at $79.94 with 76,28,027 shares getting traded on Friday. Post opening the session at $79.55, the shares hit an intraday low of $79.16 and an intraday high of $80.2 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Mar 7, 2016, Ellen Richey (VICE CHAIR RISK & PUB POLICY) sold 18,736 shares at $73.87 per share price. According to the SEC, on Dec 18, 2015, William M. Sheedy (EVP CORP STRAT, M&A, GR) sold 60,930 shares at $79.47 per share price. On Feb 4, 2015, Antonio Lucio (EVP & CHIEF BRAND OFFICER) sold 3,438 shares at $255.89 per share price, according to the Form-4 filing with the securities and exchange commission.
Visa Inc. is a payments technology company. The Company is engaged in operating a processing network VisaNet which facilitates authorization clearing and settlement of payment transactions across the world. The Company provides its services to consumers businesses financial institutions and governments in more than 200 countries and territories for electronic payments. The Company offers fraud protection for account holders and rapid payment for merchants. The Company provides a variety of payment solutions that support payment products that issuers can offer to their account holders such as pay now with debit pay ahead with prepaid or pay later with credit products. The Company offers a suite of digital eCommerce and mobile products and services.