Visa Inc [V] stock prices are up 0.44% to $275.68 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The V shares have gain 0.61% over the last week, with a monthly amount drifted -2.90%, and not seem to be holding up well over a long-time horizon.
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On 8, April 2024, Visa Commences Exchange Offer for Class B-1 Common Stock. In a post published today on Yahoo Finance, Visa (NYSE:V) today commenced its previously announced initial Exchange Offer for any and all outstanding shares of its Class B-1 common stock for a combination of Visa’s Class B-2 common stock, Visa’s Class C common stock and, where applicable, cash in lieu of fractional shares.
From an analyst’s perspective:
Visa Inc [NYSE: V] stock has seen the most recent analyst activity on April 11, 2024, when TD Cowen initiated its Buy rating and assigned the stock a price target of $320. Previously, Redburn Atlantic downgraded its rating to Neutral on March 27, 2024, and kept the price target unchanged to $307. On January 18, 2024, Mizuho reiterated its Neutral rating and revised its price target to $265 on the stock. Citigroup reiterated its Buy rating and increased its price target to $306 on January 18, 2024. Monness Crespi & Hardt initiated its recommendation with a Neutral. In a note dated October 20, 2023, UBS initiated an Buy rating and provided a target price of $295 on this stock.
The stock price of Visa Inc [V] has been fluctuating between $216.14 and $290.96 over the past year. Currently, Wall Street analysts expect the stock to reach $268.33 within the next 12 months. Visa Inc [NYSE: V] shares were valued at $275.68 at the most recent close of the market. An investor can expect a potential drop of -2.67% based on the average V price forecast.
Analyzing the V fundamentals
The Visa Inc [NYSE:V] reported sales of 33.35B for trailing twelve months, representing a surge of 8.80%. Gross Profit Margin for this corporation currently stands at 0.8% with Operating Profit Margin at 0.66%, Pretax Profit Margin comes in at 0.66%, and Net Profit Margin reading is 0.54%. To continue investigating profitability, this company’s Return on Assets is posted at 0.2, Equity is 0.46 and Total Capital is 0.32. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.52.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 273.08 points at the first support level, and at 270.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 277.38, and for the 2nd resistance point, it is at 279.08.
Visa Inc [V] reported earnings per share of $2.22 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.15/share, meaning a difference of $0.07 and a surprise factor of 3.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.13 per share as compared to estimates of $2.05 per share, a difference of $0.08 representing a surprise of 3.90%.
Ratios To Look Out For
It’s worth pointing out that Visa Inc [NYSE:V]’s Current Ratio is 1.45. On the other hand, the Quick Ratio is 1.45, and the Cash Ratio is 0.6. Considering the valuation of this stock, the price to sales ratio is 16.61, the price to book ratio is 14.51 and price to earnings (TTM) ratio is 32.23.
Transactions by insiders
Recent insider trading involved MCINERNEY RYAN, Chief Executive Officer, that happened on Apr 01 ’24 when 8200.0 shares were sold. Chief Executive Officer, MCINERNEY RYAN completed a deal on Mar 01 ’24 to sell 8150.0 shares. Meanwhile, GBL CORP CONTROLLER, CAO ANDRESKI PETER M sold 2615.0 shares on Feb 07 ’24.
