MasterCard Stock Rating Reaffirmed by TheStreet (MA)
MasterCard (NYSE:MA)‘s stock had its “buy” rating reiterated by research analysts at TheStreet in a report released on Friday, American Banking News reports.
The analysts wrote, “MasterCard Incorporated (MA) has been reiterated by TheStreet Ratings as a buy with a ratings score of A+. The company’s strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.”
A number of other firms have also recently commented on MA. Analysts at Susquehanna raised their price target on shares of MasterCard from $600.00 to $650.00 in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of MasterCard from $660.00 to $675.00 in a research note to investors on Tuesday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of MasterCard in a research note to investors on Thursday, September 19th. They now have a $722.00 price target on the stock. Ten equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $663.42.
MasterCard (NYSE:MA) traded up 0.76% during mid-day trading on Friday, hitting $710.00. The stock had a trading volume of 196,687 shares. MasterCard has a 52 week low of $447.38 and a 52 week high of $705.00. The stock has a 50-day moving average of $665.9 and a 200-day moving average of $599.5. The company has a market cap of $85.643 billion and a P/E ratio of 29.12.
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 $26.17 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 8th. Stockholders 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 0.34%. The ex-dividend date is Monday, October 7th.
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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