Barclays analyst Ramsey El Assal maintained a Buy rating on Visa (V – Research Report) today and set a price target of $319.00. The company’s shares closed last Friday at $274.52.
El Assal covers the Technology sector, focusing on stocks such as Fiserv, Fidelity National Info, and WEX. According to TipRanks, El Assal has an average return of 1.6% and a 53.12% success rate on recommended stocks.
In addition to Barclays, Visa also received a Buy from DZ BANK AG’s Timo Dums in a report issued on April 25. However, on April 24, Monness maintained a Hold rating on Visa (NYSE: V).
Based on Visa’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $8.78 billion and a net profit of $4.66 billion. In comparison, last year the company earned a revenue of $7.99 billion and had a net profit of $4.26 billion
Based on the recent corporate insider activity of 51 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.
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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.
