3 Things You Need to Know if You Buy Visa Today
Since its initial public offering in March 2008, (NYSE: V) has trounced the S 500 by a wide margin. The leader in card payments has seen its share price soar 1,550% since that IPO, a much better return than the broader index's 231% gain over the same timeframe.
Considering this level of outperformance, it might be a pleasant surprise to learn that the stock trades at a trailing price-to-earnings ratio of 29.6. That current ratio is much cheaper than its five-year average.
So a high-performing stock appears to be available at a discounted price. That sounds like a buying opportunity. But before committing to buying shares, it's probably best to research this company a bit more and ensure Visa stock is the bargain it seems. Here are three things you need to know about Visa.
Source Fool.com
Visa Inc. A Stock
The stock is an absolute favorite of our community with 50 Buy predictions and no Sell predictions.
With a target price of 280 € there is a slightly positive potential of 14.66% for Visa Inc. A compared to the current price of 244.2 €.
