Deutsche Bank Reiterates a 'Buy' on Visa (V); Volumes Turn Negative, But Impact Minimal
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Price: $364.15 -0.36%
Rating Summary:
45 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
45 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Deutsche Bank reiterates a 'Buy' on Visa (NYSE: V) price target raised to $135.00.
Analyst, Bryan Keane, said, "V's 2Q12 revs of $2.55bn (13.8% Y/Y) and EPS of $1.60 beat our estimate of $2.48bn (10.4% Y/Y) and $1.48, driven by improvement in cross-border, US credit, and ROW purchase volumes. The clear negative of the quarter was the decline in the U.S. debit volume which was not a surprise, but the magnitude of the drop was a little more than we expected. However, it is clear that the revenue and EPS implications of this debit loss are minimal, which is demonstrated by the raise in FY12 EPS guidance. Due to the EPS beat, we are increasing our FY12 and FY13 EPS estimates by $0.12 to $6.03 and $7.15 respectively."
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 $122.19 yesterday.
Analyst, Bryan Keane, said, "V's 2Q12 revs of $2.55bn (13.8% Y/Y) and EPS of $1.60 beat our estimate of $2.48bn (10.4% Y/Y) and $1.48, driven by improvement in cross-border, US credit, and ROW purchase volumes. The clear negative of the quarter was the decline in the U.S. debit volume which was not a surprise, but the magnitude of the drop was a little more than we expected. However, it is clear that the revenue and EPS implications of this debit loss are minimal, which is demonstrated by the raise in FY12 EPS guidance. Due to the EPS beat, we are increasing our FY12 and FY13 EPS estimates by $0.12 to $6.03 and $7.15 respectively."
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 $122.19 yesterday.
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