In a mixed financial sector, Visa Inc (NYSE: V) is shining, according to analysts from Normura Instinet and Barclays, which rate the
stock Buy and Overweight, respectively.
Visa posted strong
third-quarter earnings on Thursday, with $0.86 EPS and $4.6 billion in sales. Management also reaffirmed guidance for
approximately 20 percent sales growth in fiscal 2017.
Nomura Instinet’s Bill Carcache raised his price target from $105
to $120, and Barclays’ Darrin Peller upped his to $114.
“This quarter’s results once again showcase the strength of [Visa’s] business model,” said Carcache in a note.
Carcache also raised his EPS estimates for the next two years by four cents each, to $3.33 for 2017 and $3.92 for 2018.
Peller noted that EPS gains were driven by a broad mix of strengths, but notably pricing synergies in Europe and a
favorable tax rate.
The company did face pressure from tough forex volatility comps, but Peller believes they will start easing.
Visa shares continued to reach all-time highs mid-day Friday, breaking past $100.
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Latest Ratings for V
| Date |
Firm |
Action |
From |
To |
| Jun 2017 |
Mizuho |
Initiates Coverage On |
|
Buy |
| Feb 2017 |
Loop Capital |
Initiates Coverage On |
|
Buy |
| Dec 2016 |
Bank of America |
Upgrades |
Neutral |
Buy |
View More Analyst Ratings for
V
View the Latest Analyst Ratings
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