Somewhat Favorable Press Coverage Likely to Effect Visa (V) Shares Price

Somewhat Favorable Press Coverage Likely to Effect Visa (V) Shares Price

News articles about Visa (NYSE:V) have been trending somewhat positive this week, Alpha One Sentiment reports. The research firm, a service of Accern, identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Visa earned a coverage optimism score of 0.09 on Alpha One’s scale. Alpha One also assigned media stories about the credit-card processor an impact score of 75 out of 100, indicating that recent news coverage is likely to have an impact on the stock’s share price in the near future.

Here are some of the media stories that may have effected AlphaOne Sentiment Analysis’s analysis:

Shares of Visa (NYSE V) traded down 0.46% during mid-day trading on Thursday, reaching $94.79. The company’s stock had a trading volume of 2,580,376 shares. Visa has a 12 month low of $73.25 and a 12 month high of $95.53. The firm has a market cap of $218.63 billion, a price-to-earnings ratio of 47.30 and a beta of 1.00. The company’s 50-day moving average is $92.17 and its 200 day moving average is $85.93.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, April 20th. The credit-card processor reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07. The firm had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $4.29 billion. Visa had a net margin of 38.30% and a return on equity of 26.48%. The company’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 earnings per share. On average, equities analysts anticipate that Visa will post $3.37 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 6th. Stockholders of record on Friday, May 19th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Wednesday, May 17th. Visa’s dividend payout ratio (DPR) is 26.09%.

V has been the subject of several recent analyst reports. Vetr upgraded Visa from a “hold” rating to a “buy” rating and set a $85.82 target price for the company in a research note on Thursday, February 2nd. Stifel Nicolaus cut their target price on Visa from $105.00 to $93.00 and set a “buy” rating for the company in a research note on Friday, February 3rd. CIBC upped their target price on Visa from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 26th. Sanford C. Bernstein restated an “outperform” rating and set a $104.00 target price on shares of Visa in a research note on Saturday, March 11th. Finally, Cowen and Company restated an “outperform” rating and set a $105.00 target price (up from $100.00) on shares of Visa in a research note on Sunday, April 23rd. Three research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. Visa currently has a consensus rating of “Buy” and an average price target of $95.68.

In other news, Vice Chairman Ellen Richey sold 31,260 shares of the company’s stock in a transaction dated Tuesday, April 25th. The shares were sold at an average price of $91.94, for a total transaction of $2,874,044.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.14% of the company’s stock.

Visa Company Profile

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “V”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Related posts

Leave a Comment