In a report released today, Donald Fandetti from Wells Fargo maintained a Buy rating on Visa (V – Research Report), with a price target of $325.00. The company’s shares closed yesterday at $276.72.
Fandetti covers the Financial sector, focusing on stocks such as American Express, Capital One Financial, and Discover Financial Services. According to TipRanks, Fandetti has an average return of 10.4% and a 64.94% success rate on recommended stocks.
In addition to Wells Fargo, Visa also received a Buy from Deutsche Bank’s Bryan Keane in a report issued on March 27. However, on the same day, Mizuho Securities maintained a Hold rating on Visa (NYSE: V).
The company has a one-year high of $290.96 and a one-year low of $214.87. Currently, Visa has an average volume of 5.72M.
Based on the recent corporate insider activity of 50 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of V in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Visa (V) Company Description:
Visa, Inc. engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit card, credit card, prepaid products, commercial payment solutions, and global ATM. The company was founded by Dee Hock in 1958 and is headquartered in San Francisco, CA.
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