Fri, Dec 19, 2014, 3:17 AM EST - U.S. Markets open in 6 hrs 13 mins


% | $
Quotes you view appear here for quick access.

HCI Group, Inc. Message Board

quicktoknow 1 post  |  Last Activity: Nov 11, 2014 11:47 AM Member since: Sep 7, 2002
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • quicktoknow by quicktoknow Nov 11, 2014 11:47 AM Flag

    Goldman Sachs raised its price targets on Visa (NYSE:V) and MasterCard (NYSE:MA), saying the credit card networks retain pricing power and might get a long-term lift from taking part in China's payment system.

    Analyst James Schneider raised his price target on Visa to 275 from 250. He raised his price target on MasterCard to 96 from 92.

    Shares in Visa and MasterCard edged down in early trading on the stock market today. Visa's stock has climbed nearly 12% in 2014, while MasterCard's stock is about even.

    "Visa and MasterCard both delivered better-than-expected (September) quarter results driven by a modest uptick in volumes relative to prior quarters, despite uncertain macro conditions," Schneider wrote in a report. "Visa's better-than-expected 2015 guidance of low double-digit revenue growth and mid-teens EPS growth provides some level of further comfort (for) our forward estimates."

    China on Oct. 30 said it would open up its fast-growing electronic payments market, including bank card transactions, to foreign companies.

    The World Trade Organization in 2012 said China had discriminated against U.S. firms.

    "We would highlight that no details regarding policy actions have been released at this time — and thus the magnitude and timing of this opportunity is still difficult to ascertain at this stage," Schneider said. "However, China represents a very significant payment market."

45.00+1.09(+2.48%)Dec 18 4:02 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.