#4 - Visa (NYSE:V)
Visa (NYSE: V) In an increasingly paperless, and cashless, society, Visa is showing its strength. This blue-chip financial company has seen its stock rise 37% in the past 12 months. Visa stands to capture a large segment of the market as consumers and financial institutions are moving away from cash and towards the convenient of debit cards. But this is not just a United States issue. In fact, the United States may not even be the tip of the spear. Instead, you can look at developing economies where debit cards are becoming the primary payment method. But the strength of Visa goes beyond the debit card arena. Visa’s stock continues to outperform other mobile payment systems such as PayPal. Investors who do not currently own Visa should keep an eye on their valuation. The stock currently has a Forward P/E ratio of 26.26 which puts the stock at a premium to the industry average.
About Visa
Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.
More- Current Price
- $347.84
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 25 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $354.73 (2.0% Upside)
