Visa Inc. (NYSE:V) signed decisive agreement to acquire token services and ticketing businesses
Visa Inc. (NYSE:V) announced it has signed a definitive agreement to acquire the token services and ticketing businesses, formerly Bell ID and Ecebs LTD, from Rambus (NASDAQ:RMBS), a premier silicon IP and chip provider dedicated to delivering data faster and safer. The combination of Visa’s network tokenization capabilities with the local and account tokenization technology of Rambus will facilitate safer, more secure payments across all forms of global commerce.
Visa Inc. (NYSE:V) shares fell -1.48% to finally closed at $171.28 in last active session.
V’s distance from 20 day simple moving average is 2.07% and distance from 50-Day simple moving average is 4.34%.
Analyst’s mean target price for V is $181.49 while analysts mean recommendation is 1.70. Stock value has moved between $121.48 – 174.78 in last one year. Stock has got OUTPERFORM rating from 18 of Thomson Reuters analysts, 3 given HOLD rating to the stock and 0 given UNDERPERFORM rating. Analyst’s mean target price for V is $181.49 while analysts mean recommendation is 1.70.
Visa Inc. (NYSE:V) yearly performance is 26.56% and net profit margin is 49.50%. Annual EPS Growth of past 5 years is 15.70%. The current share price indicates that stock is -2.02% away from its one year high and is moving 40.86% ahead of its 52-week low.
On 25 June 2018, Verizon Communications Inc. (NYSE:VZ) shares fell -0.46% and ultimately finalized to $58.00 in last traded day. Stock has got OUTPERFORM rating from 5 of Thomson Reuters analysts, 17 given HOLD rating to the stock and 0 given UNDERPERFORM rating. Analyst’s mean target price for VZ is $59.71 while analysts mean recommendation is 2.50.
At the movement Urstadt Biddle Properties Inc. (NYSE:UBP) is under coverage by number of analysts. Buy rating has been given by 0 analysts to the company stock whereas 0 given UNDERPERFORM rating to stock and 3 given HOLD rating. The consensus recommendation by Thomson Reuters analysts is 0.24 and their mean rating for the stock is 3 on scale of 1-5.
If we look at stock performance in last active day trading, we see that stock has moved edged up 0.35% to end the day at $17.05. The current share price indicate that stock is -7.84% away from its one year high and is moving 15.59% ahead of its 52-week low.