Visa (NYSE: V)‘s stock had its “buy” rating restated by equities researchers at Jefferies Group (NYSE: JEF) in a report issued on Thursday.
Visa traded up 0.53% on Thursday, hitting $118.04. Visa has a 1-year low of $73.11 and a 1-year high of $125.35. The company has a market cap of $79.465 billion and a price-to-earnings ratio of 18.79.
Visa last released its earnings data on Wednesday, May 2nd. The company reported $1.60 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.50 by $0.10. Visa’s revenue was up 14.8% compared to the same quarter last year. Analysts expect that Visa will post $1.51 EPS next quarter.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup (NYSE: C) raised their EPS on shares of Visa in a research note to investors on Friday, May 4th. They now have a “neutral” rating and a $123.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Visa in a research note to investors on Thursday, May 3rd. They now have a $128.00 price target on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Visa to $131.00 in a research note to investors on Thursday, May 3rd.
Visa Inc. (Visa) is a global payments technology company that connects consumers, businesses, banks and governments in more than 200 countries and territories, enabling them to use digital currency instead of cash and checks.
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