Visa Given a $80.75 Price Target by Nomura Analysts (V)

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Investment analysts at Nomura set a $80.75 target price on shares of Visa (NYSE:V) stock in a note issued to investors on Monday. The firm currently has a a “buy” rating on the stock. Nomura’s price objective would indicate a potential upside of 22.98% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at Vetr downgraded shares of Visa from a “strong-buy” rating to a “sell” rating and set a $65.56 price target on the stock in a research note on Tuesday, March 24th. Analysts at Keefe, Bruyette & Woods lowered their price target on shares of Visa to $80.00 and set an “outperform” rating on the stock in a research note on Friday, March 20th. Analysts at S&P Equity Research set a $76.25 price target on shares of Visa and gave the company a “buy” rating in a research note on Monday, March 2nd. Finally, analysts at Zacks reiterated a “neutral” rating and set a $71.75 price target on shares of Visa in a research note on Friday, February 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-one have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $68.00.

Visa (NYSE:V) traded up 0.18% during mid-day trading on Monday, hitting $65.66. The stock had a trading volume of 11,237,071 shares. Visa has a 1-year low of $48.71 and a 1-year high of $69.66. The stock has a 50-day moving average of $67. and a 200-day moving average of $62.. The company has a market cap of $160.99 billion and a price-to-earnings ratio of 46.93.

Visa (NYSE:V) last released its earnings data on Thursday, January 29th. The company reported $2.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.49 by $0.04. The company had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter in the prior year, the company posted $2.20 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. Analysts expect that Visa will post $2.59 EPS for the current fiscal year.

Visa Inc (NYSE:V) is a global payments technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and electronic payments. The Company operates in Payment Services. The Company operates processing networks VisaNet, which facilitates authorization, clearing and settlement of payment transactions worldwide.

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