Visa snaps six straight sessions of gains

Visa (NYSE:V) shares snapped six straight sessions of gains, as the stock closed 2.7% lower at $309.77 on Wednesday.

The payment processing firm has gained about 2% in the preceding six sessions. The stock lost more than 22% so far this year, compared to the near 27% rise in the broader S&P 500 Index.

V is up 3% over the past one month. The stock closed 0.8% higher on Tuesday at $318.30.

Looking at Seeking Alpha’s Quant Rating, V has a Hold rating with a score of 3.45 out of 5. The company received A+ in the prospect of profitability, while it got an F in growth factor.

However, both Seeking Alpha analysts and Wall Street are bullish on the stock. Turning to the Wall Street community, 30 analysts gave Visa a Buy and above. Eight analysts have given the stock a Hold recommendation, and no one recommended Sell or lower.

Seeking Alpha analysts also see the stock as a Buy.

Seeking Alpha analyst Yavuz Akbay said Visa brings incredibly stable profits both in the short term and the long term and is one of the most stable stocks in the S&P 500 index.

“V appears to be financially secure based on its strong financial measures, which include its remarkable Return on Equity, continuously high Operating Margin and constant EPS growth,” added Akbay.