MasterCard Rating Reiterated by FBR Capital Markets (MA)
MasterCard (NYSE:MA)‘s stock had its “outperform” rating reaffirmed by investment analysts at FBR Capital Markets in a note issued to investors on Thursday, Analyst Ratings Network.com reports. They currently have a $690.00 target price on the stock, up from their previous target price of $640.00. FBR Capital Markets’ price target suggests a potential upside of 4.79% from the company’s current price.
A number of other analysts have also recently weighed in on MA. Analysts at TheStreet reiterated a “buy” rating on shares of MasterCard (NYSE:MA) in a research note to investors on Friday, September 6th.
Nine research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. MasterCard presently has an average rating of “Buy” and a consensus target price of $642.62.
MasterCard (NYSE:MA) opened at 658.46 on Thursday. MasterCard has a 1-year low of $445.77 and a 1-year 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 P/E 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. Analysts expect that MasterCard will post $26.08 EPS 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.
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