Barclays Reiterates an 'Overweight' on Visa (V); Positive Results Prove Ability for Sustained Growth
Tweet
Share
E-mailGet Alerts V Hot Sheet
Price: $361.30 -0.78%
Rating Summary:
45 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 20
Rating Summary:
45 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 20
Join SI Premium – FREE
Barclays reiterates an 'Overweight' on Visa (NYSE: V) price target raised $5 to $125.
Analyst, Darrin D. Peller, said, "Visa delivered strong F1Q12 results, demonstrating the strength and resilience of V's business model and its ability to grow in a challenging economy. Overall, volume growth continued to show momentum in credit, cross-border and signature debit, with a mild slowdown in the growth rate of transactions processed associated with slower growth in PIN debit transactions."
Barclays raises FY12 EPS estimates from $5.90 to $6.00 and FY13 from $6.79 to $7.10.
For an analyst ratings summary and ratings history on Visa click here. For more ratings news on Visa click here.
Shares of Visa closed at $108.35 yesterday.
Analyst, Darrin D. Peller, said, "Visa delivered strong F1Q12 results, demonstrating the strength and resilience of V's business model and its ability to grow in a challenging economy. Overall, volume growth continued to show momentum in credit, cross-border and signature debit, with a mild slowdown in the growth rate of transactions processed associated with slower growth in PIN debit transactions."
Barclays raises FY12 EPS estimates from $5.90 to $6.00 and FY13 from $6.79 to $7.10.
For an analyst ratings summary and ratings history on Visa click here. For more ratings news on Visa click here.
Shares of Visa closed at $108.35 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- William Blair Downgrades Enovix Corporation (ENVX) to Market Perform
- Seaport Global Securities Downgrades JetBlue Airways (JBLU) to Neutral
- AppLovin Corp (APP) PT Lowered to $440 at Benchmark to Reflect Maturing Gaming Business
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
BarclaysSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
