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DZ BANK AG Sticks to Their Buy Rating for Visa (V)

Tipranks - Tipranks - Tue Aug 4, 9:26AM CDT

DZ BANK AG analyst maintained a Buy rating on Visa today and set a price target of $420.00.

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In addition to DZ BANK AG, Visa also received a Buy from Cantor Fitzgerald’s Ramsey El Assal in a report issued on July 31. However, on July 29, Monness reiterated a Hold rating on Visa (NYSE: V).

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Based on Visa’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $11.63 billion and a net profit of $5.63 billion. In comparison, last year the company earned a revenue of $10.17 billion and had a net profit of $5.27 billion

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of V in relation to earlier this year. Last month, Tullier Kelly Mahon, the VICE CHAIR, CHF PPL & CORP AFF of V sold 57,272.00 shares for a total of $20,901,972.95.

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