Barclays PLC Increases Mastercard Incorporated (MA) Price Target to $158.00
Mastercard Incorporated (NYSE:MA) had its price target increased by research analysts at Barclays PLC from $148.00 to $158.00 in a research report issued on Wednesday. The brokerage currently has an “overweight” rating on the credit services provider’s stock. Barclays PLC’s price target indicates a potential upside of 8.27% from the company’s current price.
Several other equities analysts have also recently weighed in on MA. Citigroup Inc. raised their price objective on Mastercard from $157.00 to $167.00 and gave the company a “buy” rating in a research note on Wednesday. KeyCorp restated a “buy” rating and set a $165.00 price objective on shares of Mastercard in a research note on Wednesday. Cowen and Company restated a “buy” rating and set a $137.00 price objective on shares of Mastercard in a research note on Thursday, October 12th. Mizuho restated a “hold” rating and set a $140.00 price objective on shares of Mastercard in a research note on Thursday, October 12th. Finally, Robert W. Baird raised their price objective on Mastercard from $150.00 to $170.00 and gave the company an “outperform” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $148.54.
Shares of Mastercard (NYSE MA) traded up 0.40% during trading on Wednesday, reaching $146.51. 1,387,331 shares of the company were exchanged. Mastercard has a one year low of $99.51 and a one year high of $148.45. The company has a market capitalization of $156.02 billion, a PE ratio of 36.35 and a beta of 1.18. The firm’s 50 day moving average price is $140.23 and its 200 day moving average price is $126.67.
Mastercard (NYSE:MA) last issued its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.06. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The company had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same period last year, the business earned $0.96 EPS. Mastercard’s quarterly revenue was up 13.3% compared to the same quarter last year. Equities research analysts forecast that Mastercard will post $4.44 earnings per share for the current fiscal year.
In other news, CFO Martina Hundmejean sold 91,107 shares of Mastercard stock in a transaction dated Wednesday, August 2nd. The stock was 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 in the company, valued at approximately $22,138,280.30. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Foundation Mastercard sold 29,206 shares of Mastercard stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $127.97, for a total value of $3,737,491.82. Following the sale, the insider now owns 112,386,209 shares of the company’s stock, valued at approximately $14,382,063,165.73. The disclosure for this sale can be found here. In the last 90 days, insiders sold 729,438 shares of company stock valued at $94,599,309. 0.30% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of MA. American Beacon Advisors Inc. bought a new stake in shares of Mastercard during the 1st quarter valued at about $100,000. Lipe & Dalton bought a new stake in shares of Mastercard during the 1st quarter valued at about $101,000. Chicago Partners Investment Group LLC boosted its position in shares of 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 acquiring an additional 874 shares during the last quarter. Thompson Davis & CO. Inc. boosted its position in shares of 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 acquiring an additional 546 shares during the last quarter. Finally, Proficio Capital Partners LLC boosted its position in shares of 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 acquiring an additional 464 shares during the last quarter. Hedge funds and other institutional investors own 76.01% of the company’s stock.
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.
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