With 21.54% Distance From Low, Is Visa Inc (NYSE:V) Still Renewed For Growth?

In last trading session, Visa Inc (NYSE:V) saw 5.35 million shares changing hands with its beta currently measuring 0.96. Company’s recent per share price level of $290.62 trading at $0.23 or 0.08% at ring of the bell on the day assigns it a market valuation of $574.24B. That closing price of V’s stock is at a discount of -0.84% from its 52-week high price of $293.07 and is indicating a premium of 21.54% from its 52-week low price of $228.03. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.4 million shares which gives us an average trading volume of 7.67 million if we extend that period to 3-months.

For Visa Inc (V), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.61. Splitting up the data highlights that, out of 24 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 22 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 2.58 in the current quarter.

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Visa Inc (NYSE:V) trade information

Upright in the green during last session for gaining 0.08%, in the last five days V remained trading in the green while hitting it’s week-highest on Friday, 10/18/24 when the stock touched $290.62 price level, adding 0.14% to its value on the day. Visa Inc’s shares saw a change of 11.63% in year-to-date performance and have moved 4.60% in past 5-day. Visa Inc (NYSE:V) showed a performance of 1.89% in past 30-days. Number of shares sold short was 23.36 million shares which calculate 2.84 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 300 to the stock, which implies a rise of 3.13% to its current value. Analysts have been projecting 220 as a low price target for the stock while placing it at a high target of 330. It follows that stock’s current price would jump 24.3% in reaching the projected high whereas dropping to the targeted low would mean a gain of 24.3% for stock’s current value.

Visa Inc (V) estimates and forecasts

Statistics highlight that Visa Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company added 7.72% of value to its shares in past 6 months, showing an annual growth rate of 13.11% while that of industry is 16.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 20.50% from the last financial year’s standing.

26 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 9.49B for the same. And 20 analysts are in estimates of company making revenue of 9.5B in the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 13.80% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 13.11% while estimates for its earnings growth in next 5 years are of 13.00%.

V Dividends

Visa Inc is more likely to be releasing its next quarterly report on 2024-Oct-29 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 0.72%, the share has a forward dividend of 2.08 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 0.66%.

Visa Inc (NYSE:V)’s Major holders

Insiders are in possession of 0.60% of company’s total shares while institution are holding 92.91 percent of that, with stock having share float percentage of 93.46%. Investors also watch the number of corporate investors in a company very closely, which is 92.91% institutions for Visa Inc that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at V for having 143.08 million shares of worth $37.56 billion. And as of 2024-06-30, it was holding 7.2707 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 127.55 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.4815 of outstanding shares, having a total worth of $33.48 billion.