Visa (V) : The consensus on Visa (V) based on 22 analyst recommendation on the company stock is 1.52, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 15 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Visa (V) : 19 Wall Street analysts covering Visa (V) believe that the average level the stock could reach for the short term is $90.16. The maximum price target given is $100 and the minimum target for short term is around $77, hence the standard deviation is calculated at $6.08.
For the current week, the company shares have a recommendation consensus of Buy. Visa (NYSE:V): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $80.00 and $79.84 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $80.28. The buying momentum continued till the end and the stock did not give up its gains. It closed at $80.12, notching a gain of 0.55% for the day. The total traded volume was 6,577,663 . The stock had closed at $79.68 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Richey Ellen, officer (VICE CHAIR RISK & PUB POLICY) of Visa Inc., had unloaded 18,736 shares at an average price of $73.87 in a transaction dated on March 3, 2016. The total value of the transaction was worth $1,384,028.
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.