Visa (NYSE:V) has been an outperformer this year, gaining a whopping 35%. Buckingham Research Group recently gave a bullish outlook for Visa . Buckingham’s analyst Chris Brendler said in a report that Visa has strong chances of growth because the payment industry is moving towards card-based systems. The analyst has a price target of $129 for the stock.
Visa has surpassed Zacks consensus estimates for the last three quarters. The company has outperformed the S&P 500 (SPY) over the last decade. Visa is expanding rapidly in Asia, where card-based payments are taking off very quickly. With strong barriers to entry in the industry, Visa remains a strong player without much competition.
Based on the analysts' consensus: both the revenue and the net result would be on record levels. Over the current book year the total revenue will be 18,14 billion USD (consensus estimates). The expected revenue would be the highest in her history. This is quite more than 2016's revenue of 15,08 billion USD.
Historical revenues and results Visa plus estimates 2017
The analysts anticipate for 2017 a record net profit a 8,23 billion USD. For this year the consensus of the result per share is a profit of 3,42 USD. With this the price/earnings-ratio is 31,06.
Per share the analysts expect a dividend of 0,67 cent per share. The dividend yield is then 0,63 percent. The average dividend yield of the financial companies equals a poor 0,42 percent.
Latest estimates around 117 USD
The latest 3 recommendations for the financial company were provided by JP Morgan, Barclays
and Morgan Stanley
. Based on the current number of outstanding shares Visa
's market capitalization 207,17 billion USD. At 15.46 the stock trades 0,05 percent lower at 106,24 USD.
Historical stock prices Visa
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