Mastercard Coverage Initiated by Analysts at Goldman Sachs (MA)
Goldman Sachs started coverage on shares of Mastercard (NYSE:MA) in a research note issued on Tuesday. The firm set a “buy” rating and a $86.00 price target on the stock. Goldman Sachs’ price target points to a potential upside of 12.89% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Mastercard in a research note on Friday, June 20th. 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. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $376.50.
Mastercard (NYSE:MA) traded down 1.16% during mid-day trading on Tuesday, hitting $75.30. 871,983 shares of the company’s stock traded hands. Mastercard has a 52 week low of $56.702 and a 52 week high of $84.748. The stock’s 50-day moving average is $75.49 and its 200-day moving average is $76.49. The company has a market cap of $87.980 billion and a price-to-earnings ratio of 28.54.
Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.73 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $6.23 earnings per share. Mastercard’s revenue was up 14.2% compared to the same quarter last year. On average, analysts predict that Mastercard will post $3.01 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 8th. Stockholders 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 0.58%. 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.
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