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Stock Update (NYSE:V): Visa Launches Global Olympic Games Campaign: Athletes “Carpool” Their Way to Rio

[Business Wire] – Visa Inc. , the exclusive payment provider at the Olympic and Paralympic Games, launched its most ambitious integrated global Olympic Games campaign in the company’s history. Read more on this. Visa Inc. (V) , with a current value of $185.68B, started the session at $78.30. A quick look at the market, the company’s stock traded between $77.78 and $78.39 with the price of the stock fluctuating between $60.00 to $81.73 over the last 52 weeks. V shares are currently priced at 27.79x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 23.10x earnings multiple for the same period. And for passive income investors, the company pays shareholders $0.56 per share annually in dividends, yielding 0.73%. In a review of the consensus earnings estimate this quarter, 23 sell-side analysts are looking at $0.67 per share, which would be $0.07 worse than the year-ago quarter and a $0.02 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $2.77, which would be a $0.15 improvement when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.63 Billion. If realized, that would be a 3.13% increase over the year-ago quarter. Recently, Compass Point Initiated V at Neutral (Apr 15, 2016). Previously, BofA/Merrill downgraded V from Buy to Neutral. Investors should keep in mind is that the average price target is $88.81, which is 13.42% above where the stock opened this morning. See more in (NYSE:V) Similar Articles: Company Update: Visa Inc (NYSE:V) – Visa Inc. Joins the Alliance for Safe Online Pharmacies Market Update: Visa Inc (NYSE:V) – Visa Checkout Expands Presence Across Top Travel, Tourism and Fashion Sites Stock Update: Visa Inc (NYSE:V) – Just in Time for Tax Season, Canadians Can Now Pay Taxes Online With Visa Debit
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