- Payments processor Visa (V) has had quite a good period for its stock;
- V stock gained 21% in 2019;
- The stock might be overvalued at the moment, but the company still has place to grow.
Payments processor Visa (V) has had quite a good period for its stock. The shares of V stock have been constantly gaining in value for quite some time. V stock is up roughly 21% so far in 2019with many people thinking that the run will not stop yet. During the same period, the S&P 500 index gained 13.4%.
On the other hand, with a PE ratio of 33.1 and a dividend yield lower than 1%, Visa stock is an expensive buy. Even though some people call Visa stock overextended at the moment, the company has a lot of room to keep on growing and that make the shares a solid addition to long-term investors’ portfolios.