Visa Stock Hits New 52-Week High (V)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Visa (NYSE: V) hit a new 52-week high Thursday as it is currently trading at $172.98, above its previous 52-week high of $170.99 with 954,003 shares traded as of 9:41 a.m. ET. Average volume has been 2.9 million shares over the past 30 days.

Visa has a market cap of $89.18 billion and is part of the financial sector and financial services industry. Shares are up 9.5% year to date as of the close of trading on Wednesday.

Visa Inc., a payments technology company, engages in the operation of retail electronic payments network worldwide. It facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities. The company has a P/E ratio of 46.8, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Visa as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Visa Ratings Report.

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