MasterCard Receives Buy Rating from TheStreet (MA)
MasterCard (NYSE:MA)‘s stock had its “buy” rating reaffirmed by equities researchers at TheStreet in a research report issued on Tuesday, Analyst Ratings 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, 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.”
In other MasterCard news, major shareholder Foundation Mastercard sold 404,760 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $82.31, for a total transaction of $33,315,795.60. Following the completion of the transaction, the insider now directly owns 120,428,490 shares of the company’s stock, valued at approximately $9,912,469,012. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sandler O’Neill initiated coverage on shares of MasterCard in a research note to investors on Monday. They set a “hold” rating on the stock. Separately, analysts at Keefe, Bruyette & Woods cut their price target on shares of MasterCard from $920.00 to $92.00 in a research note to investors on Monday. Finally, analysts at Stifel Nicolaus raised their price target on shares of MasterCard from $811.00 to $926.00 in a research note to investors on Tuesday, January 21st. They now have a “buy” rating on the stock. Thirteen research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $718.75.
MasterCard (NYSE:MA) opened at 76.59 on Tuesday. MasterCard has a 52 week low of $50.736 and a 52 week high of $84.748. The stock’s 50-day moving average is $81.25 and its 200-day moving average is $70.76. The company has a market cap of $9.220 billion and a price-to-earnings ratio of 3.01.
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 in the previous year, the company posted $6.17 earnings per share. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. On average, analysts predict that MasterCard will post $26.39 earnings per share 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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