Why Has UBS Given Visa (NYSE:V) a $90.0 Price Target
In a comprehensive report revealed to investors and clients on Wednesday, 16 December, research professionals at UBS initiated coverage for Visa (NYSE:V) shares. The firm has decided to set a Buy rating along with a $90.0, adding 14.47% to the target.
From a total of 30 analysts covering Visa Inc. (NYSE:V) stock, 28 rate it a ”Buy”, 0 a “Sell”, and 7 a ”Hold”. This means that 80% of the ratings are positive. The highest target price is $95 while the lowest target price is $75. The mean of all analyst targets is $86.07 with a 5.11% above today’s ($79.84) stock price. Visa Inc. was the topic of 19 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Keefe Bruyette & Woods maintained shares on December 8 with “Outperform” rating. Vetr upgraded shares to “Hold” rating and $75.69 target share price in a report from a September 1. Wells Fargo initiated V stock in a recent report from October 22 with “Outperform” rating. JP Morgan maintained the rating on August 14. JP Morgan has a “Overweight” rating and a $85 price target on shares. Finally, Guggenheim initiated the stock with “Buy” rating in a report issued on an October 8.
Approximately 8.08M shares of stock traded hands. Visa Inc (NYSE:V) has risen 14.52% since May 13, 2015 and is uptrending. It has outperformed by 17.15% the S&P500.
The overall sentiment of institutions has increased to 1.44 in Q2 2015. Its up 0.25, from 1.19 in 2015Q2. The ratio increased, as 51 institutions have sold all the shares of Visa Inc that they owned while 446 funds have taken shares off the table. 125 funds have purchased shares for the first time while 589 added to their positions. These institutions now hold 1.66 billion shares or 5.77% less than the 1.76 billion shares they owned in 2015Q2.
The Fund Trb Advisors Lp currently is holding shares equating to 78.71% of its total portfolio in Visa Inc representing a total of 300,000 shares. Another fund,Hengistbury Investment Partners Llp, is holding a total of 1.91 million shares equating to 61.03% of their holdings. Additionally, Two Creeks Capital Management Lp has a 3.14 million share stake in Visa Inc which represents 22.17% of their total portfolio. The Fund, Cortland Associates Inc Mo, based out of Missouri, has also built up a stake in the stock, which represents a total of 14.59% of their total portfolio. Finally Windacre Partnership Llc, a fund which is based in the state of Texas reported a total holdings of 331,000 shares.
Visa Inc. is a payments technology company. The company has a market cap of $192.38 billion. The Firm is engaged in operating a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions across the world. It has 30.99 P/E ratio. The Firm provides its services to consumers, businesses, financial institutions and governments in more than 200 countries and territories for electronic payments.
According to Zacks Investment Research, “VISA operates the world’s largest retail electronic payments network and is one of the most recognized global financial services brands. Visa facilitates global commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses and government entities.”