Visa Inc (NYSE:V) shares traded 0.22% higher at $351.49 on Wall Street last session.
V stock price is now 8.81% away from the 50-day moving average and 21.57% away from the 200-day moving average. The market capitalization of the company currently stands at $686.66B.
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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, ANDRESKI PETER M, GBL CORP CONTROLLER, CAO sold 2,332 shares of the company’s stock on Feb 07 ’25. The stock was sold for $815,314 at an average price of $349.62. Upon completion of the transaction, the GBL CORP CONTROLLER, CAO now directly owns 4,488 shares in the company, valued at $1.58 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 07 ’25, VICE CHAIR, CHF PPL & CORP AFF MAHON TULLIER KELLY sold 33,741 shares of the business’s stock. A total of $11,801,529 was realized by selling the stock at an average price of $349.77. This leaves the insider owning 36,566 shares of the company worth $12.85 million. A total of 12.34% 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 $352.12. As of last week, the company has a debt-to-equity ratio of 0.54, a current ratio of 1.12, and a quick ratio of 1.12. According to the stock market information, the enterprise value for the company is $647509377024, which is based on a 35.90 price-to-earnings ratio, a 2.86 price-to-earnings-growth ratio, and a beta of 0.96. The fifty day moving average price for V is $322.2984 and a two-hundred day moving average price translates $288.7433 for the stock.
The latest earnings results from Visa Inc (NYSE: V) was released for 2024-09-30. The net profit margin was 53.54% and return on equity was 50.51% 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.
