Company Update: Visa Inc (NYSE:V) – Planet Payment and Visa to Deliver Processing Solutions Across the Globe

[GlobeNewswire] – LONG BEACH, N.Y., March 02, 2016– Planet Payment, Inc., a leading provider of international and multi-currency payment processing and transaction services, today announced an agreement with Visa, Inc., … Read more on this. Visa Inc. (V) , currently valued at $177.52B, began trading this morning at $74.50. Shares have traded today between $73.77 and $74.60 per share and has traded between $60.00 and $81.01 over the past 12 months. Priced at 25.98x this year’s forecasted earnings, V shares are relatively expensive compared to the industry’s 17.07x forward p/e ratio. And for income investors, the company pays shareholders $0.56 per share annually in dividends, yielding 0.77%. Consensus earnings for the current quarter by the 32 sell-side analysts covering the stock is an estimate of $0.67 per share, which would be $0.04 better than the year-ago quarter and a $0.03 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $2.80 is a $0.18 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.60 Billion. If realized, that would be a 5.57% increase over the year-ago quarter. Recently, BofA/Merrill downgraded V from Buy to Neutral (Feb 11, 2016). Previously, Sterne Agee CRT Initiated V at to Buy. When considering if the stock is under or overvalued, the average price target is $85.27, which is 14.46% above where the stock opened this morning. See more in (NYSE:V) Similar Articles: Stock Update: Visa Inc (NYSE:V) – Credit Services Equities Technical Coverage — Visa, Synchrony Financial, PayPal Holdings, and LendingClub Company Update: Visa Inc (NYSE:V) – CFDFE, CFPA and Visa Partner to Promote Innovative Financial Inclusion Activities and Support Poverty Alleviation in China Market Update: Visa Inc (NYSE:V) – Australia court fines Visa arm $12.6 mln, cites anti-competitive conduct