Will This EPS Change Help Visa (V) Stock Today?

NEW YORK (TheStreet) -- Visa  (V) has had its quarterly and yearly earnings estimates increased, Jefferies said Monday. The firm also reiterated a "buy" rating and $268 price target. 

In a report, analysts said the "overall regulatory environment is manageable" and that Visa represents an "undervalued growth story with sustainable secular tailwinds (paper-to-plastic), big international push, US credit share gains, and under-appreciated earnings power." 

Quarterly earnings estimates were increased to $2.52 a share from $2.18 a share. For the fiscal year, analysts increased earnings estimates to $8.96 a share from $8.83 a share. 

Must Read: Warren Buffett's 10 Favorite Growth Stocks

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Separately, TheStreet Ratings team rates VISA INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

"We rate VISA INC (V) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. 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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."

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