Brokerage firm JP Morgan Upgrades its rating on Visa Inc(NYSE:V). The shares have been rated Overweight. Previously, the analysts had a Not Rated rating on the shares. The rating by JP Morgan was issued on Jun 6, 2016.
In a different note, On May 16, 2016, Barclays said it Maintains its rating on Visa Inc. In the research note, the firm Raises the price-target to $89.00 per share. The shares have been rated ‘Overweight’ by the firm. On Apr 22, 2016, Goldman Sachs said it Maintains its rating on Visa Inc. In the research note, the firm Raises the price-target to $86.00 per share. The shares have been rated ‘Buy’ by the firm. On Apr 22, 2016, Cowen & Company said it Maintains its rating on Visa Inc. In the research note, the firm Raises the price-target to $83.00 per share. The shares have been rated ‘Outperform’ by the firm. Compass Point said it Initiates Coverage on Visa Inc, according to a research note issued on Apr 15, 2016. The shares have been rated ‘Neutral’ by the firm.
Visa Inc (V) shares turned negative on Fridays trading session with the shares closing down -1.08 points or -1.33% at a volume of 78,59,907. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $80.75. The peak price level was also seen at $80.75 while the days lowest was $79.84. Finally the shares closed at $80.18. The 52-week high of the shares is $81.73 while the 52-week low is $60. According to the latest information available, the market cap of the company is $173,924 M.
Visa Inc(V) last announced its earnings results on Apr 21, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $3.63B. Analysts had an estimated revenue of $3.60B. Earnings per share were $0.68. Analysts had estimated an EPS of $0.67.
Several Insider Transactions has been reported to the SEC. On Mar 7, 2016, Ellen Richey (VICE CHAIR RISK & PUB POLICY) sold 18,736 shares at $73.87 per share price.Also, 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.