Visa Inc. (NYSE:V) is now being followed by Jefferies, as they initiated the stock at Buy on January 29. Analysts at Raymond James, started covering the stock on July 24 with a Outperform rating. Analysts at UBS, made their first call about the stock on May 18, recommending it is Neutral. Bernstein, released new analyst coverage on March 28, calling the stock is Outperform.
Visa Inc. (V) hit an intraday high Monday at $141.517. The shares finished at $141.5, after trading as low as $139.18 earlier in the session. It rose 0.96% in recent trade and currently has a stock-market value of $309.71B. Trading activity significantly improved as the volume at ready counter increased to 11,846,082 shares versus 9,452,660 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 9,492,830 shares. The stock is now 27.45% above against its bear-market low of $111.02 on February 09, 2018. It has retreated -7.11% since it’s 52-week high of $151.56 reached in October. Now the market price is up 12.55% on the year and up 7.25% YTD.
V’s 50 day simple moving average (SMA 50) price is $135.68 and its 200-day simple moving average (SMA 200) price is $137.38. The company’s stock currently has a total float of 1.74B shares. Its weekly volatility is hovering around 2.19% and felt 1.79% volatility in price over a month. On the upside, the share price will test short term resistance at around $142.29. On a downside, the stock is likely to find some support, which begins at $139.95. The failure to get near-term support could push it to $138.39.
Separately, it has been reported that multiple insider activity took place at Visa Inc. (V). EVP CORP STRAT, M&A, GR Sheedy William M. sold 13,864 shares for $257,554 in transaction occurred on 2018/12/03. After making this transaction, the EVP CORP STRAT, M&A, GR owns a direct stake of 2,009,864 shares, worth $36,443,891, as per the last closing price. On 2018/12/03 Hoffmeister James H, SVP, GBL CORP CONTRL & CAO at V, dumped 2,252 shares at an average price of $144.56 per share. The selling total is valued at $.
EVP CORP STRAT, M&A, GR, Sheedy William M. had divested 3,643 shares for $243,034 through a trade on 2018/11/20. Following this activity, the insider holds 484,774 shares worth $34,389,311 as of recent close. Wall Street’s most bullish Visa Inc. (NYSE:V) analysts are predicting the share price to blow past $196 per share during the next 12 months. The current median share price forecast by them is $161.5, suggesting that the stock could increase 14.13% in that time frame. The average price target of $162.39 calls for a nearly 14.76% increase in the stock price.
When looking at valuations, Visa Inc. (V) has a pricey P/E of 35.89x as compared to industry average of 25.67x. Moreover, it trades for 22.82 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 11.01x price/book and 15.03x price/sales. Compared to others, Visa Inc. is in a different league with regards to profitability, having net margins of 48.2%. To put some perspective around this, the industry’s average net margin is 25%. V’s ROE is 35.2%, which is also considerably better than the industry’s ROE of 21.15%. It’s also very liquid in the near term, with a current ratio of 1.6. The stock has a debt/capital of 0.58.
Shares of Visa Inc. (V) have gained 1.9% since the company’s last earnings report. Over the past 12 fiscal quarters, Visa Inc. (NYSE:V) has topped consensus earnings estimates in 12 quarters (100%), missed earnings in 0 quarters (0%), whereas at 0 occasion EPS met analyst expectations. V last reported earnings on January 30, 2019 when it released Sep-18 results that exceeded expectations. The company raked in $1.21 per share, 14.15% change on the same period last year. That was better than consensus for $1.2. Revenue for the recent quarter stood at $5.43 billion, up 12% on last year and below the $5.44 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $5.85 billion to $6.2 billion, which should be compared with $6.25 billion generated last year. EPS is seen in a range of $1.41 to $1.52, against the $1.31 reported a year ago.