Visa (NYSE:V) Rating Maintained
The broker have set price target of $145.0 on Visa (NYSE:V) shares. This is 16.15 % from the close price. In a report issued on Monday morning, Citigroup reconfirmed their “Buy” rating on shares of V.
According to data compiled by Thomson Reuters, Visa (NYSE:V)’s stock is covered by 32 equity analysts across the Street, with 0 analysts giving it a Sell rating, 29 a Buy rating, while 8 consider it a Hold. The 12-month consensus target price for the stock is $88.53, which reflects an downside potential of 20.87% over the current price.
Hengistbury Investment Partners Llp had the most significant stake with ownership of 1.91 million shares as of Q2 2015 for 26.92% of the portfolio. Trb Advisors Lp is another notably bullish active investment manager who is having 40,000 shares of Visa or 22.1% of their portfolio. In addition, Two Creeks Capital Management Lp have 15.31% of their portfolio invested in the company for 3.02 million shares. The Denmark-based fund Cam Group Holding A S revealed it had acquired so far a stake worth about 12.82% of the active investment manager’s stock portfolio in Visa. The Texas-based fund Windacre Partnership Llc is also positive about the stock, possessing 8.80 million shares or 12.82% of their portfolio.
Visa (NYSE:V) 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 participants.
Visa (NYSE:V) traded down -0.23% on 29 January, hitting $111.88. A total of 4.20 million shares of the company’s stock traded hands. This is down from average of 6.08 million shares. Visa has a 52 week low of $75.17 and a 52 week high of $112.9. The company has a market cap of $255.25 billion and a P/E ratio of 41.59.
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The post Visa (NYSE:V) Stock Rating Reaffirmed at Citigroup; The $145.0 Target Indicates 16.15 % Potential appeared first on Octafinance.