Visa Inc (NYSE:V) received downgrade rating to a neutral from buy by Sterne Agee on Friday. The firm price target stayed at $175. Analysts at the company declared that shares have reached fair value and should execute likewise to the Standard & Poor’s 500 Index (SPX) going forward.
Sterne Agee’s Greg Smith articulated in a note that they still view the stock as the single best long-term way to play the secular growth in electronic payments.
Moving readers toward the broader market, let’s consider percentage change in stocks prices of other stocks in the similar sector who contribute major role in the market that includes RR Donnelley & Sons Co (NASDAQ:RRD) rose +0.33%, Priceline.com Inc (NASDAQ:PCLN) edged up +1.24%, Digital Generation Inc (NASDAQ:DGIT) which also increased +4.33% and Global Payments Inc (NYSE:GPN) closed down -1.75%.
Visa Inc (NYSE:V) stock’s trade at beginning with a price of $165.91 and throughout the trading session climbed at a high of $166.83 other than when day-trade ended the stock finally decreased -1.12% to $165.75.
The stock is going forward its 52 week low with 48.99% and lagging behind from its 52 week high price with -3.06%. VISA INC last month stock price volatility remained 1.62%.
VISA INC stock institutional ownership remained 84.44% while insider ownership included 0.11%. In its share capital VISA INC has 803.41 million outstanding shares among them 670.91 million shares have been floated in market exchange.
Company’s beta coefficient included 0.69. Beta factors measures the amount of market risk associated with market trade.
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