In yesterday’s Wall Street session, Visa Inc (NYSE:V) shares traded at $268.04, up 0.59% from the previous session.
V stock price is now 0.58% away from the 50-day moving average and -0.20% away from the 200-day moving average. The market capitalization of the company currently stands at $529.62B.
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With the price target reduced from $305 to $297, BofA Securities Downgraded its rating from Buy to Neutral for Visa Inc (NYSE: V). On April 11, 2024, TD Cowen recently initiated its ‘Buy’ rating on the stock quoting a target price of $320, while ‘Redburn Atlantic’ rates the stock as ‘Neutral’
In other news, MAHON TULLIER KELLY, VICE CHAIR, CHF PPL & CORP AFF sold 37,806 shares of the company’s stock on Aug 16 ’24. The stock was sold for $10,118,235 at an average price of $267.64. Upon completion of the transaction, the VICE CHAIR, CHF PPL & CORP AFF now directly owns 31,675 shares in the company, valued at $8.49 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 16 ’24, Officer MAHON TULLIER KELLY bought 37,806 shares of the business’s stock. A total of $10,118,233 was incurred on buying the stock at an average price of $267.64. A total of 15.79% of the company’s stock is owned by insiders.
During the past 12 months, Visa Inc has had a low of $227.78 and a high of $290.96. As of last week, the company has a debt-to-equity ratio of 0.52, a current ratio of 1.37, and a quick ratio of 1.37. According to the stock market information, the enterprise value for the company is $615947436032, which is based on a 29.12 price-to-earnings ratio, a 2.31 price-to-earnings-growth ratio, and a beta of 0.96. The fifty day moving average price for V is $266.2714 and a two-hundred day moving average price translates $268.71185 for the stock.
The latest earnings results from Visa Inc (NYSE: V) was released for 2024-06-30. The net profit margin was 53.89% and return on equity was 47.82% for V. The company reported revenue of $8.9 billion for the quarter, compared to $8.12 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.57 percent.
