Visa Inc. [NYSE: V] gained 0.26% on the last trading session, reaching $205.36 price per share at the time. The company report on December 14, 2022 that Visa Pledges to Invest $1 billion in Africa to Accelerate Digital Transformation.
Will You Miss Out On This Growth Stock Boom?
A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
And this is just one of our 5 Best Growth Stocks To Own For 2023.
During US-Africa Business Forum, Visa outlines pledge to invest $1 billion in Africa by 2027 to scale operations, deploy new innovative technologies and deepen collaboration with partners.
During the U.S-Africa Business Forum, Visa (NYSE: V) today announced a pledge to invest $1 billion in Africa over the next five years to advance resilient, innovative, and inclusive economies across the continent. Visa’s expanded investments demonstrate the company’s long-term commitment to Africa’s growth potential and will help enable greater access to digital payments as an entry point for expanding formal financial services for individuals and merchants.
Visa Inc. represents 2.08 billion in outstanding shares, while the company has a total market value of $388.70 billion with the latest information. V stock price has been found in the range of $203.55 to $206.53.
If compared to the average trading volume of 7.83M shares, V reached a trading volume of 5024067 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Visa Inc. [V]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for V shares is $249.27 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on V stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Redburn have made an estimate for Visa Inc. shares, keeping their opinion on the stock as Sell, with their previous recommendation back on November 29, 2022. While these analysts kept the previous recommendation, Deutsche Bank dropped their target price from $270 to $260. The new note on the price target was released on October 13, 2022, representing the official price target for Visa Inc. stock. Previously, the target price had yet another drop from $230 to $225, while Daiwa Securities kept a Neutral rating on V stock.
The Average True Range (ATR) for Visa Inc. is set at 4.51, with the Price to Sales ratio for V stock in the period of the last 12 months amounting to 13.26. The Price to Book ratio for the last quarter was 12.82, with the Price to Cash per share for the same quarter was set at 9.79. Price to Free Cash Flow for V in the course of the last twelve months was 26.49 with Quick ratio for the last quarter at 1.40.
Trading performance analysis for V stock
Visa Inc. [V] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.60. With this latest performance, V shares dropped by -2.58% in over the last four-week period, additionally plugging by 5.95% over the last 6 months – not to mention a drop of -1.62% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for V stock in for the last two-week period is set at 45.58, with the RSI for the last a single of trading hit 39.56, and the three-weeks RSI is set at 48.77 for Visa Inc. [V]. The present Moving Average for the last 50 days of trading for this stock 203.07, while it was recorded at 207.66 for the last single week of trading, and 204.57 for the last 200 days.
Visa Inc. [V]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Visa Inc. [V] shares currently have an operating margin of +67.38 and a Gross Margin at +77.50. Visa Inc.’s Net Margin is presently recorded at +49.91.
Return on Equity for this stock inclined to 39.99, with Return on Assets sitting at 17.38.
Visa Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.40.
Visa Inc. [V]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for V. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Visa Inc. go to 16.75%.
An analysis of insider ownership at Visa Inc. [V]
There are presently around $322,343 million, or 98.90% of V stock, in the hands of institutional investors. The top three institutional holders of V stocks are: VANGUARD GROUP INC with ownership of 145,236,910, which is approximately 0.632% of the company’s market cap and around 0.14% of the total institutional ownership; BLACKROCK INC., holding 123,015,563 shares of the stock with an approximate value of $25.26 billion in V stocks shares; and STATE STREET CORP, currently with $14.48 billion in V stock with ownership of nearly -0.356% of the company’s market capitalization.
Positions in Visa Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 1,473 institutional holders increased their position in Visa Inc. [NYSE:V] by around 70,640,840 shares. Additionally, 1,515 investors decreased positions by around 54,253,388 shares, while 352 investors held positions by with 1,444,751,910 shares. The mentioned changes placed institutional holdings at 1,569,646,138 shares, according to the latest SEC report filing. V stock had 111 new institutional investments in for a total of 8,146,427 shares, while 142 institutional investors sold positions of 5,854,503 shares during the same period.