MasterCard Receives Outperform Rating from Oppenheimer (MA)
MasterCard (NYSE:MA)‘s stock had its “outperform” rating reaffirmed by research analysts at Oppenheimer in a report released on Thursday, AnalystRatingsNetwork.com reports. They currently have a $675.00 price target on the stock, up from their previous price target of $640.00. Oppenheimer’s price objective would indicate a potential upside of 2.51% from the stock’s previous close.
The analysts wrote, “At its Investor Day, MA reiterated its primary growth strategies and affirmed its long-term outlook for 2013-2015. MA anticipates an 11-14% constant currency (CC) revenue CAGR through 2015, and a CC EPS CAGR of 20%+. To date, results are tracking toward expectations with FY13 results expected toward the low end of the three-year range. MA anticipates FY14/15 to accelerate as the macro environment gradually improves. MA provided encouraging intra-quarter trends through August and experienced modest, albeit broad-based, acceleration relative to July. MA sees modest improvement in domestic consumer credit while commercial credit, domestic debit and rest-of-world volumes remain solid. We tweak estimates higher to reflect intra-quarter trends, maintain Outperform rating and raise our PT to $675 (from $640).”
MasterCard (NYSE:MA) traded up 1.98% during mid-day trading on Thursday, hitting $671.50. The stock had a trading volume of 390,961 shares. MasterCard has a one year low of $445.77 and a one year high of $663.23. The stock has a 50-day moving average of $624.8 and a 200-day moving average of $571.6. The company has a market cap of $80.999 billion and a P/E ratio of 27.21.
MasterCard (NYSE:MA) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $6.96 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $5.65 earnings per share. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. Analysts expect that MasterCard will post $26.08 EPS for the current fiscal year.
A number of other firms have also recently commented on MA. Analysts at Jefferies Group reiterated a “buy” rating on shares of MasterCard (NYSE:MA) in a research note to investors on Thursday. They now have a $758.00 price target on the stock, up previously from $683.00. Separately, 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. Finally, analysts at TheStreet reiterated a “buy” rating on shares of MasterCard (NYSE:MA) in a research note to investors on Friday, September 6th.
Nine equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $648.19.
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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