Market Overview

Wall Street Analysts Update Estimates for Visa Following Q1 Earnings

Related V
Thursday Morning Earnings Reports
Earnings Scheduled For July 24, 2014
Tech Rewind: Tech Earnings, Job Cuts at Microsoft (Fox Business)

Shares of Visa (NYSE: V) are down 4.7 percent to $199.57 in Friday's trading following mixed first quarter results. Wall Street analysts have been busy updating their outlooks going forward.

Deutsche Bank analyst Bryan Keane remains “comfortable with Visa's ability to accelerate revenue growth starting 4Q14 and sustain mid-to-high teens EPS growth.” -- Buy rating, $268 price target.

Credit Suisse analyst Moshe Orenbuch believes the company earnings per share figure was a result “driven by lower cross border revenue.” The analyst increased the 2014 EPS estimate from $8.86 to $9.04. -- Outperform rating, $250 price target.

Bank of America analyst Kenneth Bruce was encouraged by accelerating volumes, which were driven by “a weather bounce and Easter, while cross border appears to have stabilized at a lower level.” The analyst expects “selling pressure on Visa on the results and outlook with no near-term catalyst to drive market interest.” -- Buy rating, $235 price target.

Morgan Stanley analyst Smittipon Srethapramote is anticipating near-term weakness “until visibility on revenue acceleration emerges.” The analyst lowered the full year 2014 revenues estimate to $12.73 billion versus the prior $12.82 billion estimate. -- Overweight rating, $250 price target.

Posted-In: Bank of America Bryan Keane Credit Suisse Deutsche Bank Kenneth BruceAnalyst Color Analyst Ratings Movers

 

Most Popular

Related Articles (V)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free

Benzinga Professional