Mastercard Incorporated (MA) PT Raised to $148.00
Mastercard Incorporated (NYSE:MA) had its price target lifted by equities research analysts at Barclays PLC from $142.00 to $148.00 in a research note issued to investors on Friday. The firm currently has an “overweight” rating on the credit services provider’s stock. Barclays PLC’s price target would suggest a potential upside of 8.40% from the stock’s previous close.
Several other research firms have also recently issued reports on MA. KeyCorp reiterated a “buy” rating and issued a $150.00 target price on shares of Mastercard in a research note on Thursday. Oppenheimer Holdings Inc. reiterated a “buy” rating and issued a $145.00 target price on shares of Mastercard in a research note on Friday. Cowen and Company reiterated a “buy” rating and issued a $137.00 target price on shares of Mastercard in a research note on Friday. Credit Suisse Group increased their target price on shares of Mastercard from $128.00 to $145.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Nomura increased their target price on shares of Mastercard from $153.00 to $163.00 and gave the stock a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $134.14.
Shares of Mastercard (MA) traded up 0.69% on Friday, hitting $137.47. 2,393,612 shares of the stock traded hands. Mastercard has a 52 week low of $97.49 and a 52 week high of $138.64. The stock has a market cap of $146.39 billion, a price-to-earnings ratio of 34.11 and a beta of 1.18. The stock has a 50 day moving average price of $131.16 and a 200-day moving average price of $120.79.
Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.06. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The business had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same period in the prior year, the company posted $0.96 EPS. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, equities research analysts forecast that Mastercard will post $4.40 EPS for the current year.
In other Mastercard news, CFO Martina Hundmejean sold 91,107 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the completion of the sale, the chief financial officer now owns 170,570 shares of the company’s stock, valued at approximately $22,138,280.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Foundation Mastercard sold 87,618 shares of the stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $127.98, for a total transaction of $11,213,351.64. Following the sale, the insider now directly owns 112,649,063 shares of the company’s stock, valued at approximately $14,416,827,082.74. The disclosure for this sale can be found here. Insiders have sold a total of 850,468 shares of company stock valued at $109,574,694 in the last three months. 0.30% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in MA. American Beacon Advisors Inc. purchased a new stake in Mastercard during the 1st quarter valued at $100,000. Lipe & Dalton purchased a new stake in Mastercard during the 1st quarter valued at $101,000. Chicago Partners Investment Group LLC boosted its position in Mastercard by 1,365.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after buying an additional 874 shares during the period. Thompson Davis & CO. Inc. boosted its position in Mastercard by 170.1% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after buying an additional 546 shares during the period. Finally, Proficio Capital Partners LLC boosted its position in Mastercard by 108.2% during the 1st quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock valued at $108,000 after buying an additional 464 shares during the period. 76.10% of the stock is owned by institutional investors and hedge funds.
Mastercard Company Profile
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
Receive News & Stock Ratings for Mastercard Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard Incorporated and related stocks with our FREE daily email newsletter.