The Analysts still like Visa

Visa & Mastercard

Visa Inc. (NYSE:V) just posted Q1 net income of $884 million, that's a 16% in profit, yet its stock price continues to fall due to fee uncertainty. However this hasn't stopped Goldman Sachs (GS) from raising its price target, and Deutsche Bank also is holding steady on their pt.

(theStockMasters.com) If the mighty Goldman Sachs is right, then if you bought Visa today within 12 months you could expect a 19% ROI, and Deutsche believes you could bank a 39% return.

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Visa Inc (V) shares have traded between $64.9 and $97.19 over the past 12 months. Visa currently has a P/E Ratio of 19.5, an EPS of 3.69 and its shares are only 9.01% from its 52-week low.

ANALYST TAKE
Goldman Sachs is out with its report today on Visa (V), raising its price target from $84 to $85 on higher estimates and Deutsche Bank kept its Visa "Buy" rating and retained its $99 price target.

CO. Current Price Target Price % Change
V $ 71.33 $ 85.00 19.2%
V $ 71.33 $ 99.00 38.8%

WILL THE PARTY END
NEW YORK (AP) — Pending regulations that would sharply cut the fees merchants must pay banks for processing debit card transactions have weighed on Visa Inc. shares for several months.

The rules, proposed by the Federal Reserve in December as required under last summer's financial regulatory overhaul, are opposed by large and small banks, which maintain the government did not consider all of the costs associated with payments made using debit cards.

nyse:vDuring a conference call to discuss Visa's fiscal first-quarter results, Chairman and CEO Joseph Saunders said the rules as proposed amount to government price fixing that benefits no one.

"The debit price control legislation is bad policy and requires thorough review and revision before potential implementation," he said. "To that end we're working with the entire industry to help the 112th Congress and the Federal Reserve better understand how the provisions create significant unintended consequences that will harm consumers, the economy, and financial institutions of all sizes, even if those institutions were supposedly exempt from the regulation."

Saunders said Congress should re-examine the part of the law that calls for debit fees to be regulated, and delay implementation to more carefully consider the impact. "As we have seen, the more this issue is debated, the more questions are raised about who will really benefit in the end." -- Continue>>

SOURCE: theStockMasters.com

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