In Visa shares there is a correctional decline of 5.5% from the 52-week high of September 9. Since the beginning of June, the emitter’s quotes grew by 9%. The company announced the closure of the acquisition of Verifi, a technology leader in chargeback.
Within the previous week, the stock of Visa reduced by 3.00%. S&P500 went up by 0.66% within the same period.
Support and resistance
The current technical picture indicates a possible correction of the company’s shares after prolonged growth. A classic reversal formation (divergence of the price and MACD indicator) has formed in the trading instrument. At the moment, #V quotes are consolidating in the range of 174.00–180.00. The emitter has the potential to decline.
Indicators don’t give a clear signal: the price has consolidated below MA(50) and MA(200); MACD histogram has consolidated in the negative zone. Positions are to be opened from key levels.
Comparing company’s multiplier with its competitors in the industry, we can say that #V shares are undervalued.
Support levels: 174.00, 168.00, 165.00.
Resistance levels: 180.00, 187.00.
Trading tips
If the price consolidates below the support level of 174.00, #V may correct. Potential profits should be locked in by orders at 168.00, 162.00, and 157.00. Stop loss – 180.00.
If the price consolidates over 180.00, one should consider buying the company’s shares. The target movement level will be 190.00–195.00. Stop loss – 174.00.
Implementation period: 3 days.
Visa Inc. operates. as a payments technology company worldwide. The company facilitates commerce by transferring value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables them to authorize, clear and fix payment transactions; and provides fraud protection to account holders and ensures payment to purchasers. In addition, the company provides card products, as well as value-added services. It provides its services under the brands of Visa, Visa Electron, Interlink, PAY, V and PLUS. Visa Inc. was established. in 1970 and has its headquarters in San Francisco, California.
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Reiterated |
Barclays |
Overweight |
$181 → $195 |
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| May-02-19 |
Resumed |
Goldman |
Buy |
$188 |
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| Jan-29-19 |
Initiated |
Jefferies |
Buy |
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| Jul-24-18 |
Resumed |
Raymond James |
Outperform |
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| May-18-18 |
Initiated |
UBS |
Neutral |
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| Mar-28-18 |
Initiated |
Bernstein |
Outperform |
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Reiterated |
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| Jan-12-18 |
Reiterated |
Citigroup |
Buy |
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| Oct-13-17 |
Initiated |
Stephens |
Overweight |
$125 |
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| Oct-11-17 |
Upgrade |
Wells Fargo |
Market Perform → Outperform |
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|
| Oct-02-17 |
Initiated |
Buckingham Research |
Buy |
$129 |
|
| Sep-29-17 |
Initiated |
Cantor Fitzgerald |
Overweight |
$120 |
|
| Jul-21-17 |
Reiterated |
Instinet |
Buy |
$105 → $120 |
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| Jul-18-17 |
Reiterated |
Jefferies |
Buy |
$104 → $112 |
|
| Apr-21-17 |
Reiterated |
RBC Capital Mkts |
Outperform |
$97 → $98 |
|
| Feb-15-17 |
Initiated |
Loop Capital |
Buy |
$98 |
|
| Feb-03-17 |
Reiterated |
Stifel |
Buy |
$93 → $105 |
|
| Jan-20-17 |
Upgrade |
Wedbush |
Neutral → Outperform |
$77 → $96 |
|
| Dec-15-16 |
Upgrade |
BofA/Merrill |
Neutral → Buy |
|
|
| Dec-05-16 |
Upgrade |
Guggenheim |
Neutral → Buy |
|
|
| Index |
DJIA S&P500 |
P/E |
35.26 |
EPS (ttm) |
5.00 |
Insider Own |
0.10% |
Shs Outstand |
2.18B |
Perf Week |
-3.00% |
| Market Cap |
384.19B |
Forward P/E |
28.11 |
EPS next Y |
6.27 |
Insider Trans |
-8.25% |
Shs Float |
1.72B |
Perf Month |
-0.09% |
| Income |
11.48B |
PEG |
2.22 |
EPS next Q |
1.43 |
Inst Own |
96.40% |
Short Float |
1.58% |
Perf Quarter |
3.86% |
| Sales |
22.27B |
P/S |
17.25 |
EPS this Y |
58.30% |
Inst Trans |
-0.35% |
Short Ratio |
4.04 |
Perf Half Y |
13.65% |
| Book/sh |
13.53 |
P/B |
13.02 |
EPS next Y |
15.95% |
ROA |
16.30% |
Target Price |
201.33 |
Perf Year |
19.29% |
| Cash/sh |
5.12 |
P/C |
34.37 |
EPS next 5Y |
15.87% |
ROE |
39.70% |
52W Range |
121.60 – 187.05 |
Perf YTD |
33.48% |
| Dividend |
1.00 |
P/FCF |
42.22 |
EPS past 5Y |
18.50% |
ROI |
23.20% |
52W High |
-6.08% |
Beta |
0.96 |
| Dividend % |
0.57% |
Quick Ratio |
1.70 |
Sales past 5Y |
11.80% |
Gross Margin |
– |
52W Low |
44.47% |
ATR |
3.64 |
| Employees |
17000 |
Current Ratio |
1.70 |
Sales Q/Q |
11.50% |
Oper. Margin |
65.90% |
RSI (14) |
44.28 |
Volatility |
1.89% 1.67% |
| Optionable |
Yes |
Debt/Eq |
0.00 |
EPS Q/Q |
36.40% |
Profit Margin |
51.50% |
Rel Volume |
0.75 |
Prev Close |
176.11 |
| Shortable |
Yes |
LT Debt/Eq |
0.57 |
Earnings |
Oct 22 AMC |
Payout |
18.40% |
Avg Volume |
6.76M |
Price |
175.68 |
| Recom |
1.80 |
SMA20 |
-2.06% |
SMA50 |
-1.84% |
SMA200 |
10.76% |
Volume |
2,916,613 |
Change |
-0.25% |
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