Mastercard Receives Average Recommendation of “Buy” from Analysts (NYSE:MA)
Mastercard (NYSE:MA) has been given an average rating of “Buy” by the twenty-three brokerages that are covering the stock, AnalystRatings.NET reports. Six research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $366.38.
In other Mastercard news, major shareholder Foundation Mastercard sold 40,212 shares of Mastercard stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $75.03, for a total transaction of $3,017,106.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Mastercard (NYSE:MA) traded up 0.65% on Monday, hitting $75.465. The stock had a trading volume of 923,106 shares. Mastercard has a 52-week low of $60.359 and a 52-week high of $84.748. The stock’s 50-day moving average is $75.67 and its 200-day moving average is $75.8. The company has a market cap of $87.386 billion and a P/E ratio of 27.11. Mastercard also was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 11,754,546 shares, a decrease of 19.1% from the June 30th total of 14,524,091 shares. Based on an average daily volume of 4,354,497 shares, the days-to-cover ratio is currently 2.7 days. Approximately 1.2% of the company’s stock are short sold.
Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 31st. The company reported $0.80 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.77 by $0.03. The company had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.31 billion. During the same quarter last year, the company posted $6.96 earnings per share. Mastercard’s revenue was up 13.4% compared to the same quarter last year. On average, analysts predict that Mastercard will post $3.00 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on MA shares. 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. Separately, analysts at Goldman Sachs initiated coverage on shares of Mastercard in a research note on Tuesday, July 8th. They set a “buy” rating and a $86.00 price target on the stock.
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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