MasterCard Given New $758.00 Price Target at Jefferies Group (MA)
Research analysts at Jefferies Group increased their price target on shares of MasterCard (NYSE:MA) from $683.00 to $758.00 in a report released on Thursday, American Banking and Market News reports. Jefferies Group’s price objective would suggest a potential upside of 15.12% from the company’s current price.
A number of other firms have also recently commented on MA. Analysts at FBR Capital Markets reiterated an “outperform” rating on shares of MasterCard (NYSE:MA) in a research note to investors on Thursday. They now have a $690.00 price target on the stock, up previously from $640.00. Separately, analysts at TheStreet reiterated a “buy” rating on shares of MasterCard (NYSE:MA) in a research note to investors on Friday, September 6th. Finally, analysts at TheStreet reiterated a “buy” rating on shares of MasterCard (NYSE:MA) in a research note to investors on Monday, August 26th.
Nine investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $645.50.
Shares of MasterCard (NYSE:MA) opened at 658.46 on Thursday. MasterCard has a 52-week low of $445.77 and a 52-week high of $663.23. The stock’s 50-day moving average is $624.8 and its 200-day moving average is $571.6. The company has a market cap of $79.426 billion and a price-to-earnings ratio of 27.21.
MasterCard (NYSE:MA) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $6.96 EPS for the quarter, beating the Thomson Reuters consensus estimate of $6.29 by $0.67. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.00 billion. During the same quarter in the prior year, the company posted $5.65 earnings per share. The company’s quarterly revenue was up 15.2% on a year-over-year basis. On average, analysts predict that MasterCard will post $26.08 earnings per share for the current fiscal year.
MasterCard Incorporated (NYSE:MA) is a global payments and technology company that connects consumers, financial institutions, merchants, Governments and businesses worldwide, enabling them to use electronic forms of payment instead of cash and checks.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.