Company Update: Visa Inc (NYSE:V) – CFDFE, CFPA and Visa Partner to Promote Innovative Financial Inclusion Activities and Support Poverty Alleviation in China

[PR Newswire] – BEIJING, Jan. 18, 2016 /PRNewswire/ — Visa Inc. (NYSE:V) today announced it will partner with the China Foundation for Development of Financial Education (CFDFE) to build a “China Financial Inclusion and Education (Jinhui Project) International Demonstration Zone” in the Great Xing’an Mountain Poverty Alleviation Area. Also, in a strategic partnership, Visa and the China Foundation for Poverty Alleviation (CFPA) will conduct a mobile-phone based financial education pilot program in the Inner Mongolia Autonomous Region and explore a new mode of targeted poverty alleviation. Read more on this. Visa Inc. (V) , with a current market cap of $174.51B, started the session at $71.94. During today’s session, V traded between $70.66 to $72.95 with the price of the stock fluctuating between $60.00 to $81.01 over the last 52 weeks. Visa (V) shares are currently priced at 24.94x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 22.02x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $0.56 per share annually in dividends, yielding 0.76%. In a review of the consensus earnings estimate this quarter, 33 sell-side analysts are looking at $0.69 per share, which would be $0.06 better than the year-ago quarter and a $0.04 sequential decrease. The full-year EPS estimate is $2.88, which would be a $0.26 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.63 Billion. If reported, that would be a 7.40% increase over the year-ago quarter. In terms of ratings, Sterne Agee CRT Initiated V at Buy (Dec 17, 2015). Previously, Credit Agricole Initiated V at to Outperform. When considering if perhaps the stock is under or overvalued, the average price target is $86.61, which is 20.39% above where the stock opened this morning. See more in (NYSE:V) Similar Articles: Market Update (NYSE:V): Visa Inc. To Announce Fiscal First Quarter 2016 Financial Results on January 28, 2016 Market Update: Visa Inc (NYSE:V) – Australia court fines Visa arm $12.6 mln, cites anti-competitive conduct Market Update: Visa Inc (NYSE:V) – Visa Inc. Survey: Tooth Fairy Fluttering Down To Earth