Mastercard Upgraded by Robert W. Baird to Outperform (MA)
Mastercard (NYSE:MA) was upgraded by equities research analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm currently has a $83.00 price objective on the stock, down from their previous price objective of $245.00. Robert W. Baird’s price objective would indicate a potential upside of 16.61% from the company’s current price.
Mastercard (NYSE:MA) traded up 3.64% during mid-day trading on Monday, hitting $71.18. 10,893,950 shares of the company’s stock traded hands. Mastercard has a 52 week low of $51.856 and a 52 week high of $84.748. The stock has a 50-day moving average of $75.6 and a 200-day moving average of $75.75. The company has a market cap of $84.458 billion and a price-to-earnings ratio of 26.83.
Mastercard (NYSE:MA) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.57 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.59 by $0.02. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter last year, the company posted $4.86 earnings per share. Mastercard’s revenue was up 12.2% compared to the same quarter last year. Analysts expect that Mastercard will post $3.05 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Guggenheim cut their price target on shares of Mastercard from $93.00 to $5.00 in a research note on Monday, March 24th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Mastercard in a research note on Friday, March 21st. They now have a $82.00 price target on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Mastercard in a research note on Wednesday, February 19th. Ten analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $531.65.
MasterCard Incorporated is a technology company in the global payments industry. The Company 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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