Mastercard Given Average Recommendation of “Buy” by Brokerages (NYSE:MA)
Mastercard (NYSE:MA) has received a consensus recommendation of “Buy” from the twenty-four ratings firms that are currently covering the company, American Banking News.com reports. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $406.21.
A number of research firms have recently commented on MA. Analysts at Zacks reiterated a “neutral” rating on shares of Mastercard in a research note on Friday. They now have a $78.00 price target on the stock. Finally, analysts at Nomura reiterated a “buy” rating on shares of Mastercard in a research note on Friday, May 2nd. They now have a $93.50 price target on the stock, up previously from $91.00.
In other Mastercard news, Insider Gary J. Flood sold 9,298 shares of the company’s stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $76.75, for a total transaction of $713,621.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Mastercard (NYSE:MA) traded down 0.04% during mid-day trading on Monday, hitting $73.78. 1,470,521 shares of the company’s stock traded hands. Mastercard has a 52-week low of $55.748 and a 52-week high of $84.748. The stock’s 50-day moving average is $75.37 and its 200-day moving average is $76.75. The company has a market cap of $86.204 billion and a P/E ratio of 27.65.
Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.01. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the previous year, the company posted $6.23 earnings per share. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. Analysts expect that Mastercard will post $3.01 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 8th. Investors of record on Wednesday, July 9th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Monday, July 7th.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.