Zacks Reiterates “Neutral” Rating for MasterCard (MA)
MasterCard (NYSE:MA)‘s stock had its “neutral” rating restated by Zacks in a report issued on Thursday, AR Network reports. They currently have a $722.00 price objective on the stock. Zacks‘ target price would suggest a potential upside of 5.00% from the stock’s previous close.
MasterCard (NYSE:MA) traded down 0.18% during mid-day trading on Thursday, hitting $686.37. 507,988 shares of the company’s stock traded hands. MasterCard has a 52-week low of $445.77 and a 52-week high of $688.52. The stock has a 50-day moving average of $635.8 and a 200-day moving average of $577.3. The company has a market cap of $82.793 billion and a P/E ratio of 28.42.
MasterCard (NYSE:MA) last released its earnings data 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 $26.16 earnings per share for the current fiscal year.
MA has been the subject of a number of other recent research reports. Analysts at TheStreet reiterated a “buy” rating on shares of MasterCard (NYSE:MA) in a research note to investors on Tuesday. Separately, analysts at Guggenheim raised their price target on shares of MasterCard (NYSE:MA) from $700.00 to $775.00 in a research note to investors on Friday, September 13th. They now have a “buy” rating on the stock. Finally, analysts at Janney Montgomery Scott raised their price target on shares of MasterCard (NYSE:MA) from $525.00 to $600.00 in a research note to investors on Thursday, September 12th. They now have a “neutral” rating on the stock.
Nine analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. MasterCard presently has a consensus rating of “Buy” and an average target price of $663.36.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 8th. Investors of record on Wednesday, October 9th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.35%.
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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