Barclays analyst Ramsey El Assal maintained a Buy rating on Visa (V) on April 30 and set a price target of $275.00. The company’s shares closed last Friday at $233.56, close to its 52-week high of $237.50.
According to TipRanks.com, Assal is a 5-star analyst with an average return of 20.1% and a 70.3% success rate. Assal covers the Technology sector, focusing on stocks such as TELUS International (CDA), Automatic Data Processing, and Rackspace Technology.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Visa with a $266.84 average price target, which is a 13.4% upside from current levels. In a report issued on April 15, Jefferies also maintained a Buy rating on the stock with a $260.00 price target.
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Visa’s market cap is currently $499.2B and has a P/E ratio of 47.50. The company has a Price to Book ratio of -45.85.
Based on the recent corporate insider activity of 54 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, 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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