Media stories about Visa (NYSE:V) have been trending positive recently, according to InfoTrie Sentiment. InfoTrie scores the sentiment of press coverage by reviewing more than 6,000 news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Visa earned a coverage optimism score of 3.00 on their scale. InfoTrie also assigned media coverage about the credit-card processor an news buzz score of 0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Visa’s score:
V has been the topic of several research analyst reports. BMO Capital Markets set a $32.00 price objective on Axalta Coating Systems and gave the company a “hold” rating in a report on Friday, April 26th. Deutsche Bank set a $81.00 price objective on Franco Nevada and gave the company a “hold” rating in a report on Thursday. Zacks Investment Research lowered Zai Lab from a “buy” rating to a “hold” rating in a report on Saturday, June 15th. Morgan Stanley raised their target price on Visa from $175.00 to $191.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Robert W. Baird set a $182.00 target price on Visa and gave the company an “outperform” rating in a research report on Wednesday, May 8th. Two research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $183.43.
Shares of Visa stock opened at $180.74 on Friday. Visa has a fifty-two week low of $121.60 and a fifty-two week high of $180.94. The stock has a market cap of $357.91 billion, a price-to-earnings ratio of 39.21, a PEG ratio of 2.03 and a beta of 0.96. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.58. The business’s fifty day simple moving average is $169.87.
Visa (NYSE:V) last announced its earnings results on Wednesday, April 24th. The credit-card processor reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.07. Visa had a return on equity of 40.56% and a net margin of 51.34%. The company had revenue of $5.49 billion during the quarter, compared to the consensus estimate of $5.46 billion. During the same period last year, the firm earned $1.11 earnings per share. The company’s revenue was up 8.3% on a year-over-year basis. On average, analysts forecast that Visa will post 5.37 EPS for the current fiscal year.
In other Visa news, EVP William M. Sheedy sold 75,676 shares of Visa stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $165.24, for a total transaction of $12,504,702.24. Following the transaction, the executive vice president now directly owns 300,114 shares in the company, valued at approximately $49,590,837.36. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.17% of the company’s stock.
Visa Company Profile
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
Further Reading: Beta
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