Market Update: Visa Inc (NYSE:V) – Visa Checkout Expands Presence Across Top Travel, Tourism and Fashion Sites

[Business Wire] – Today at industry retail show Shoptalk, Visa announced that a new and diverse set of merchants across the web including Alaska Airlines, Chick-fil-A, Cole Haan, Emirates and Wyndam Hotel Group have signed on to offer Visa Checkout for fast and easy online and mobile payments. Read more on this. Visa Inc. (V) , valued at $183.97B, opened at $77.57. During the trading session, V traded between $77.03 to $77.92 and has traded between $60.00 and $81.73 over the past year. V shares are currently priced at 28.09x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 22.82x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $0.56 per share annually in dividends, yielding 0.73%. According to a consensus of 25 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. In looking at the bigger picture, the full-year EPS estimate of $2.77 would be a $0.15 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.65 Billion. If reported, that would be a 3.69% increase over the year-ago quarter. More recently, Compass Point Initiated V at Neutral (Apr 15, 2016). Previously, BofA/Merrill downgraded V from Buy to Neutral. When considering if perhaps the stock is under or overvalued, the average price target is $88.77, which is 14.44% 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 (NYSE:V): Visa Signs on as Strategic Partner of the 2016 U.S.-China Tourism Year Company Update: Visa Inc (NYSE:V) – Planet Payment and Visa to Deliver Processing Solutions Across the Globe