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Oppenheimer Raises Estimates for Visa (V)

By
December 13th, 2012

Oppenheimer Raises Estimates for Visa (V)

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Oppenheimer reported on Thursday that they have increased estimates for payments technology company, Visa Inc(V).

Analysts from the firm have increased the company’s price target to $170 and have given V a rating of “Outperform.” This price target suggests a 13% increase from the stock’s current price of $147.99.

Visa shares were mostly flat during Thursday morning trading. The stock is up 46% YTD.

The Bottom Line
Shares of Visa (V) have a .89% dividend yield, based on last night’s closing stock price of $147.88. The stock has technical support in the $137-$140 price area. The stock is trading near all-time highs.

Visa Inc(V) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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Disclaimer: Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. The author is not registered as an investment adviser. The author may or may not hold positions in the securities mentioned in this article or video. The author relies upon the "publisher's exclusion" from the definition of "investment adviser" as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.