MasterCard’s “Buy” Rating Reaffirmed at TheStreet (MA)
MasterCard (NYSE:MA)‘s stock had its “buy” rating reaffirmed by TheStreet in a research note issued on Tuesday, StockRatingsNetwork 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, increase 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.”
Shares of MasterCard (NYSE:MA) traded down 0.03% on Tuesday, hitting $836.84. The stock had a trading volume of 693,726 shares. MasterCard has a 52-week low of $507.36 and a 52-week high of $839.38. The stock’s 50-day moving average is $787.1 and its 200-day moving average is $685.2. The company has a market cap of $100.7 billion and a price-to-earnings ratio of 33.11. MasterCard also was the target of unusually large options trading on Monday. Stock investors purchased 20,761 call options on the stock. This represents an increase of 258% compared to the typical volume of 5,797 call options.
MasterCard (NYSE:MA) last posted its quarterly earnings results on Thursday, October 31st. The company reported $7.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $6.92 by $0.35. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter last year, the company posted $6.17 earnings per share. MasterCard’s revenue was up 15.6% compared to the same quarter last year. On average, analysts predict that MasterCard will post $26.39 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, February 10th. Investors of record on Thursday, January 9th will be paid a dividend of 1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 0.53%. The ex-dividend date is Tuesday, January 7th.
MA has been the subject of a number of other recent research reports. Analysts at Evercore Partners raised their price target on shares of MasterCard from $790.00 to $954.00 in a research note to investors on Thursday, December 19th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of MasterCard in a research note to investors on Tuesday, December 10th. They now have a $797.00 price target on the stock. Finally, analysts at Nomura reiterated a “buy” rating on shares of MasterCard in a research note to investors on Monday, December 9th. They now have a $790.00 price target on the stock, down previously from $935.00. Twelve equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $729.17.
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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