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Stock Update (NYSE:V): Start-ups Invited to Dive Into the Visa Developer Sandbox as Part of Second Annual Everywhere Initiative

[Business Wire] – Visa Inc. today invited start-ups to compete in the company’s second annual The Everywhere Initiative. In partnership with start-up ecosystem company, KITE, Visa is posing three real-life business challenges to the start-up community to create innovative solutions that solve Visa business problems and drive the future of commerce. Read more on this. Visa Inc. (V) , with a current value of $188.57B, started the session at $78.35. Looking at the equity, the company’s one day range is $78.33 to $79.11 and has traded between $60.00 and $81.73 over the past 12 months. Priced at 28.43x this year’s forecasted earnings, V shares are relatively expensive compared to the industry’s 14.67x forward p/e ratio. And for income investors, the company pays shareholders $0.56 per share annually in dividends, yielding 0.71%. According to a consensus of 27 analysts, the earnings estimate of $0.67 per share would be $0.07 worse than the year-ago quarter and a $0.03 sequential decrease. The full-year EPS estimate is $2.77, which would be a $0.15 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.68 Billion. If reported, that would be a 4.55% increase over the year-ago quarter. In terms of ratings, Compass Point Initiated V at Neutral (Apr 15, 2016). Previously, BofA/Merrill downgraded V from Buy to Neutral. When considering if the stock is under or overvalued, the average price target is $88.58, which is 13.06% above where the stock opened this morning. See more in (NYSE:V) Similar Articles: Market Update: Visa Inc (NYSE:V) – Visa drops earn-out portion of Visa Europe deal, cuts forecast Stock Update: Visa Inc (NYSE:V) – Just in Time for Tax Season, Canadians Can Now Pay Taxes Online With Visa Debit Stock Update: Visa Inc (NYSE:V) – Credit Services Equities Technical Coverage — Visa, Synchrony Financial, PayPal Holdings, and LendingClub
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