Stock Update: Visa Inc (NYSE:V) – Visa-Commissioned Study Estimates Migration to Electronic Payments Added Nearly $300B to GDP Across 70 Countries

[PR Newswire] – SAN FRANCISCO, March 9, 2016 /PRNewswire/ — Visa Inc. today released the results of a new 2016 study conducted by Moody’s Analytics that analyzed the impact of electronic payments on economic growth across 70 countries between 2011 and 2015. In addition, Moody’s economists estimate that the equivalent to 2.6 million new jobs were created on average, annually, over the five-year period as a result of increased use of electronic payments. “Electronic payments are a major contributor to consumption, increased production, economic growth and employment creation,” noted Mark Zandi, Chief Economist, Moody’s Analytics. Read more on this. Visa Inc. (V) , with a current market cap of $167.91B, opened at $71.00. Looking at the equity, the company’s one day range is $69.90 to $71.08 and has traded between $60.00 and $81.01 over the past year. V shares are currently priced at 25.69x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.91x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $0.56 per share annually in dividends, yielding 0.76%. In a review of the consensus earnings estimate this quarter, 32 sell-side analysts are looking at $0.67 per share, which would be $0.04 better than the year-ago quarter and a $0.03 sequential decrease. Investors should also note that the full-year EPS estimate of $2.80 is a $0.18 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.60 Billion. If realized, that would be a 5.57% increase over the year-ago quarter. Recently, BofA/Merrill downgraded V from Buy to Neutral (Feb 11, 2016). Previously, Sterne Agee CRT Initiated V at to Buy. The average price target for V shares by the analysts covering the stock is $85.53, which is 20.46% above where the stock opened this morning. See more in (NYSE:V) Similar Articles: Stock Update: Visa Inc (NYSE:V) – Just in Time for Tax Season, Canadians Can Now Pay Taxes Online With Visa Debit Company Update: Visa Inc (NYSE:V) – Planet Payment and Visa to Deliver Processing Solutions Across the Globe Company Update (NYSE:V): Egyptian Government and Visa Sign Agreement to Help Bring Electronic Payments to Government Subsidies