Visa Inc (V) concluded trading on Wednesday at a closing price of $276.76, with 4.75 million shares of worth about $1.31 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 15.58% during that period and on Wednesday the price saw a gain of about 0.59%. Currently the company’s common shares owned by public are about 1.59B shares, out of which, 1.58B shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 38 times over the past 12 months. They bought 275,334 shares in 19 of the transactions. In 19 selling transactions, insiders dumped 354,143 shares.
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Stock saw a price change of 0.34% in past 5 days and over the past one month there was a price change of 2.05%. Year-to-date (YTD), V shares are showing a performance of 6.30% which increased to 23.80% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $208.76 but also hit the highest price of $281.12 during that period. The average intraday trading volume for Visa Inc shares is 5.49 million. The stock is currently trading 0.48% above its 20-day simple moving average (SMA20), while that difference is up 3.70% for SMA50 and it goes to 12.96% higher than SMA200.
Visa Inc (NYSE: V) currently have 1.59B outstanding shares and institutions hold larger chunk of about 77.63% of that.
The stock has a current market capitalization of $556.00B and its 3Y-monthly beta is at 0.96. PE ratio of stock for trailing 12 months is 32.36, while it has posted earnings per share of $8.55 in the same period. Its PEG reads 2.44 and has Quick Ratio of 1.45 while making debt-to-equity ratio of 0.52. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for V, volatility over the week remained 1.21% while standing at 1.35% over the month.
Analysts are in expectations that Visa Inc (V) stock would likely to be making an EPS of $2.44 in the current quarter, while forecast for next quarter EPS is $2.46 and it is $11.16 for next year. For the current quarter EPS, analysts have given the company a lowest target $2.22 which is $2.49 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $2.09 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 13.16% while it is estimated to increase by 12.51% in next year. EPS is likely to shrink at an annualized rate of 13.29% for next 5-years, compared to annual growth of 13.80% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Mizuho on January 18, 2024 offering a Neutral rating for the stock and assigned a target price range of between $243 and $265 to it. Coverage by Citigroup stated Visa Inc (V) stock as a Buy in their note to investors on January 18, 2024, suggesting a price target of $306 for the stock. On December 20, 2023, Monness Crespi & Hardt Initiated their recommendations, while on December 05, 2023, BMO Capital Markets Resumed their ratings for the stock with a price target of $280. Stock get a Buy rating from UBS on October 20, 2023.
