Stock analysts at UBS AG upped their target price on shares of Visa (NYSE:V) from $199.00 to $202.00 in a report issued on Thursday, AnalystRatings.Net reports. The firm currently has a “neutral” rating on the stock. UBS AG’s target price suggests a potential upside of 4.55% from the stock’s previous close.
Shares of Visa (NYSE: V) traded down 0.72% during mid-day trading on Thursday, hitting $193.20. Visa has a one year low of $125.70 and a one year high of $196.00. The stock’s 50-day moving average is currently $185.. The company has a market cap of $125.6 billion and a P/E ratio of 54.60.
Visa (NYSE:V) last released its earnings data on Wednesday, July 24th. The company reported $1.88 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.80 by $0.08. The company had revenue of $3.00 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the previous year, the company posted $1.56 earnings per share. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. On average, analysts predict that Visa will post $7.59 earnings per share for the current fiscal year.
V has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Visa in a research note to investors on Thursday. They now have a $196.00 price target on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of Visa in a research note to investors on Thursday. They now have a $215.00 price target on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of Visa to $212.00 in a research note to investors on Thursday. They now have a “positive” rating on the stock.
Eleven research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the stock. Visa presently has a consensus rating of “Buy” and a consensus price target of $195.27.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 4th. Investors of record on Friday, August 16th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Wednesday, August 14th.
Visa Inc (NYSE: V) is a global payments technology company that connects consumers, businesses, banks and governments in more than 200 countries and territories to fast, secure and reliable electronic payments.