Stocks of Visa Inc (NYSE:V) traded higher last session on Wall Street, up 0.42% to $335.88.
V stock price is now 6.38% away from the 50-day moving average and 17.69% away from the 200-day moving average. The market capitalization of the company currently stands at $658.67B.
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With the price target enhanced from $322 to $368, Piper Sandler maintained Overweight rating for Visa Inc (NYSE: V). On January 14, 2025, Seaport Research Partners Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $359, while ‘Oppenheimer’ rates the stock as ‘Outperform’
In other news, MCINERNEY RYAN, Chief Executive Officer sold 8,620 shares of the company’s stock on Jan 02 ’25. The stock was sold for $2,739,264 at an average price of $317.78. Upon completion of the transaction, the Chief Executive Officer now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 02 ’25, Officer MCINERNEY RYAN bought 8,620 shares of the business’s stock. A total of $2,739,264 was incurred on buying the stock at an average price of $317.78. A total of 12.04% of the company’s stock is owned by insiders.
During the past 12 months, Visa Inc has had a low of $252.70 and a high of $337.83. As of last week, the company has a debt-to-equity ratio of 0.55, a current ratio of 1.28, and a quick ratio of 1.28. According to the stock market information, the enterprise value for the company is $631500636160, which is based on a 35.01 price-to-earnings ratio, a 2.85 price-to-earnings-growth ratio, and a beta of 0.96. The fifty day moving average price for V is $315.7266 and a two-hundred day moving average price translates $285.3992 for the stock.
The latest earnings results from Visa Inc (NYSE: V) was released for 2024-09-30. The net profit margin was 54.16% and return on equity was 49.97% for V. The company reported revenue of $9.62 billion for the quarter, compared to $8.61 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.71 percent.
