Mastercard (NYSE:MA) Given New $650.00 Price Target at UBS Group

Mastercard (NYSE:MAGet Free Report) had its target price dropped by investment analysts at UBS Group from $700.00 to $650.00 in a report released on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the credit services provider’s stock. UBS Group’s price target suggests a potential upside of 29.95% from the company’s current price.

MA has been the subject of several other research reports. Evercore reaffirmed a “negative” rating on shares of Mastercard in a report on Tuesday, March 17th. JPMorgan Chase & Co. cut their price objective on shares of Mastercard from $685.00 to $655.00 and set an “overweight” rating for the company in a research report on Friday, January 30th. Tigress Financial upped their target price on Mastercard from $730.00 to $735.00 and gave the company a “strong-buy” rating in a research report on Friday, March 13th. The Goldman Sachs Group reissued a “buy” rating and set a $739.00 price target on shares of Mastercard in a report on Thursday, January 29th. Finally, Wells Fargo & Company boosted their target price on shares of Mastercard from $660.00 to $668.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. Six research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $664.40.

Read Our Latest Analysis on MA

Mastercard Stock Performance

Shares of NYSE MA traded up $6.21 during midday trading on Tuesday, hitting $500.21. 4,409,939 shares of the company’s stock were exchanged, compared to its average volume of 3,920,562. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.36. The firm has a market capitalization of $446.09 billion, a PE ratio of 30.28, a price-to-earnings-growth ratio of 1.56 and a beta of 0.83. Mastercard has a 12 month low of $465.59 and a 12 month high of $601.77. The company’s 50 day moving average price is $519.05 and its 200 day moving average price is $546.90.

Mastercard (NYSE:MAGet Free Report) last posted its quarterly earnings results on Thursday, January 29th. The credit services provider reported $4.76 earnings per share for the quarter, beating analysts’ consensus estimates of $4.24 by $0.52. Mastercard had a return on equity of 203.92% and a net margin of 45.65%.The business had revenue of $8.81 billion for the quarter, compared to analysts’ expectations of $8.80 billion. During the same quarter in the prior year, the business earned $3.82 EPS. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. As a group, analysts predict that Mastercard will post 15.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Old North State Trust LLC raised its stake in Mastercard by 48.9% in the 4th quarter. Old North State Trust LLC now owns 3,725 shares of the credit services provider’s stock valued at $2,127,000 after acquiring an additional 1,223 shares during the period. J. Derek Lewis & Associates Inc. bought a new position in Mastercard during the fourth quarter worth about $403,000. Purpose Unlimited Inc. purchased a new position in shares of Mastercard in the fourth quarter worth about $932,000. Stance Capital LLC increased its stake in shares of Mastercard by 6.8% in the fourth quarter. Stance Capital LLC now owns 2,472 shares of the credit services provider’s stock worth $1,411,000 after purchasing an additional 157 shares in the last quarter. Finally, Cornerstone Planning LLC bought a new stake in shares of Mastercard in the fourth quarter valued at approximately $3,255,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Key Headlines Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

About Mastercard

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Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.

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