Visa Inc. (V) at $77.24: How much higher it can go

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Visa Inc. (V) down -2.36 per cent in the past week, is under coverage of 35 analysts who collectively recommend a hold rating on stock. 28 of the analysts have a buy or better rating; the 7 sells versus 0 holds. The 31 equity analysts who rate the stock have an average target price at $88.58, with individual targets ranging between $76 and $100. The shares closed last trade at $77.24, implying that analysts see shares rising about 14.68 per cent in 12 months’ time.

Insider Activity: Insiders look mixed about the prospects of the company that they seem to trade shares both ways while they are -0.2 down so far this year. A VICE CHAIR RISK & PUB POLICY at Visa Inc. (V) sold shares in the company in a transaction completed on Wednesday February 10, 2016. Richey Ellen offloaded 39,348 shares in the company at an average price of $70 and ended up generating $2,754,360 in proceeds. Richey Ellen retains 49,996 shares in the company after this transaction. A  in the company, , on Saturday December 30, 1899 spent $0 from the purchase of 0 shares at $70 each. Insiders are expected to know better about the health and prospects of their company, which is why insiders’ move deserves attention.

Earnings to Watch: Investors considering V stock at the going market price of $77.24/share should know the stock will next release quarterly results for the June 2016 quarter. For the reporting quarter, analysts expect the company to deliver $0.67 in earnings per share (EPS). That would represent a -9.46% year-over-year decrease Revenue for the same period is expected to arrive at $3.66B.

Earnings Roundup: In the last fiscal quarter alone, Visa Inc. generated around $3.63B in revenue and net income of $0.68/share. That compares with the consensus estimate $3.6B and $0.67/share, respectively. For the three months through December 2015, revenue for the company hit $3.57B, with earnings at $0.69/share.

Analyst Coverage: BofA/Merrill has been a brokerage house following shares of Visa Inc. (V), so its rating change is noteworthy. The stock was downgraded to Neutral from Buy, wrote analysts at BofA/Merrill, in a note issued to clients on Thursday February 11, 2016. There was another key note issued by FBR Capital on Friday January 30, 2015. The firm lowered its rating on V from Outperform to Mkt Perform.

Price Momentum: Despite the -0.57% decrease in value, the stock’s new closing price represents a -5.49% fall in value from company’s one year high of $81.73. The stock is currently holding above its 50 day moving average of $76.8 and above its 200 day moving average of $75.83. Over the last three months and over the last six months, the shares of Visa Inc. (V), have changed 3.9% and -1.7, respectively.

 

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