Mastercard Receives Average Recommendation of “Buy” from Analysts (NYSE:MA)
Mastercard (NYSE:MA) has earned an average recommendation of “Buy” from the twenty-three analysts that are covering the company, AnalystRatingsNetwork reports. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $366.38.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Mastercard in a research note on Friday, August 1st. They now have a $78.00 price target on the stock. 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.
In other Mastercard news, major shareholder Foundation Mastercard sold 40,212 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $75.11, for a total transaction of $3,020,323.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Mastercard (NYSE:MA) opened at 74.06 on Monday. Mastercard has a 52 week low of $60.359 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 $75.62. The company has a market cap of $85.759 billion and a P/E ratio of 27.25. Mastercard also saw a significant decrease in short interest in 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. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,354,497 shares, the short-interest ratio is presently 2.7 days.
Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 31st. The company reported $0.80 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $6.96 earnings per share. The company’s quarterly revenue was up 13.4% on a year-over-year basis. On average, analysts predict that Mastercard will post $3.00 earnings per share for the current fiscal year.
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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