Mastercard (NYSE:MA) had its price objective increased by investment analysts at Deutsche Bank from $320.00 to $383.00 in a research note issued on Tuesday, The Fly reports. The firm presently has a “buy” rating on the credit services provider’s stock. Deutsche Bank’s target price suggests a potential upside of 12.04% from the company’s current price.

Other research analysts also recently issued research reports about the stock. Truist boosted their target price on shares of Mastercard from $375.00 to $415.00 in a research note on Friday, August 28th. Raymond James boosted their target price on shares of Mastercard from $301.00 to $351.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Wells Fargo & Company boosted their target price on shares of Mastercard from $325.00 to $335.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. JPMorgan Chase & Co. upped their price objective on shares of Mastercard from $315.00 to $369.00 and gave the company an “overweight” rating in a research note on Monday, August 17th. Finally, KeyCorp upped their price objective on shares of Mastercard from $300.00 to $340.00 and gave the company a “positive” rating in a research note on Monday, August 3rd. Six research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $346.25.

Mastercard stock opened at $341.85 on Tuesday. Mastercard has a 52 week low of $199.99 and a 52 week high of $367.25. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.92. The firm’s 50-day simple moving average is $333.50 and its 200 day simple moving average is $293.89. The firm has a market capitalization of $342.21 billion, a PE ratio of 47.28, a P/E/G ratio of 2.75 and a beta of 1.11.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 30th. The credit services provider reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.21. Mastercard had a net margin of 45.12% and a return on equity of 129.52%. The firm had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the previous year, the company posted $1.89 EPS. The firm’s revenue for the quarter was down 19.8% on a year-over-year basis. On average, research analysts expect that Mastercard will post 6.63 EPS for the current fiscal year.

In other news, Vice Chairman Ann Cairns sold 40,115 shares of the stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $302.58, for a total transaction of $12,137,996.70. Following the completion of the transaction, the insider now directly owns 107,377 shares in the company, valued at approximately $32,490,132.66. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Michael Fraccaro sold 3,458 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $350.00, for a total value of $1,210,300.00. Following the transaction, the insider now owns 5,147 shares of the company’s stock, valued at $1,801,450. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,052,367 shares of company stock valued at $320,098,053. 3.79% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Demars Financial Group LLC acquired a new stake in Mastercard during the 2nd quarter worth about $3,520,000. Schonfeld Strategic Advisors LLC raised its stake in shares of Mastercard by 89.8% during the 2nd quarter. Schonfeld Strategic Advisors LLC now owns 16,820 shares of the credit services provider’s stock worth $4,974,000 after purchasing an additional 7,957 shares in the last quarter. Elevated Capital Advisors LLC purchased a new stake in shares of Mastercard during the 2nd quarter worth about $1,253,000. FinTrust Capital Advisors LLC raised its stake in shares of Mastercard by 43.4% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 1,225 shares of the credit services provider’s stock valued at $362,000 after acquiring an additional 371 shares in the last quarter. Finally, Ninety One SA PTY Ltd raised its stake in shares of Mastercard by 10,250.7% in the 2nd quarter. Ninety One SA PTY Ltd now owns 34,882 shares of the credit services provider’s stock valued at $10,223,000 after acquiring an additional 34,545 shares in the last quarter. Institutional investors own 73.72% of the company’s stock.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Analyst Recommendations for Mastercard (NYSE:MA)

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