Highlights

  • Macquarie cuts Visa’s target price to USD 410.00 from USD 425.00.
  • Several firms revise outlooks, maintaining overall “Moderate Buy” consensus.
  • Visa reports quarterly earnings per share of USD 2.98, slightly above estimates.

Macquarie reduced its target price for Visa Inc. (NYSE:V) from USD 425.00 to USD 410.00, according to a research note released on Wednesday and reported by Benzinga. The firm continues to maintain an “outperform” rating on the credit-card processor’s shares. The revision follows an evaluation of recent financial results and market conditions.

Analyst Coverage Updates

Multiple research firms have issued new ratings and price adjustments in recent weeks.

  • Citigroup upgraded Visa to a “strong-buy” rating in a report dated October 23.
  • Deutsche Bank Aktiengesellschaft began coverage on July 17, assigning a “buy” rating with a USD 410.00 target.
  • Morgan Stanley set a USD 398.00 target and rated the stock “overweight” on Wednesday.
  • Wells Fargo & Company raised Visa to a “strong-buy” rating on October 22.
  • UBS Group reaffirmed its “buy” stance with a USD 425.00 target on Wednesday.

Based on MarketBeat.com data, Visa currently holds a consensus rating of “Moderate Buy.” The breakdown includes four Strong Buy, nineteen Buy, and five Hold ratings. The average price target across analysts stands at USD 393.63.

Earnings Snapshot

Visa released its quarterly results on October 28. The company reported USD 2.98 in earnings per share, slightly above the USD 2.97 consensus estimate. Revenue reached USD 10.72 billion, exceeding projections of USD 10.60 billion.

The company’s net margin stood at 52.16%, while return on equity reached 58.93%. Revenue rose 11.5% year-over-year, compared with USD 2.71 earnings per share in the same quarter last year. Analysts expect Visa to post USD 11.3 earnings per share for the full fiscal year.

Company Overview

Visa Inc. operates as a global payment technology company. It runs VisaNet, a processing network that handles authorization, clearing, and settlement of payment transactions across regions.