Several analysts have recently updated their ratings and price targets for MasterCard (NYSE: MA):

  • 9/14/2016 – MasterCard was given a new $110.00 price target on by analysts at Pacific Crest. They now have a “buy” rating on the stock.
  • 9/8/2016 – MasterCard had its price target raised by analysts at Barclays PLC from $107.00 to $110.00. They now have an “overweight” rating on the stock.
  • 9/8/2016 – MasterCard had its price target raised by analysts at Nomura from $109.00 to $113.00. They now have a “buy” rating on the stock.
  • 9/8/2016 – MasterCard had its “buy” rating reaffirmed by analysts at Jefferies Group. They now have a $112.00 price target on the stock.
  • 9/8/2016 – MasterCard had its “hold” rating reaffirmed by analysts at Argus.
  • 9/8/2016 – MasterCard was given a new $103.00 price target on by analysts at Bank of America Corp.. They now have a “hold” rating on the stock.
  • 9/6/2016 – MasterCard had its price target raised by analysts at Robert W. Baird from $115.00 to $120.00. They now have an “outperform” rating on the stock.
  • 8/25/2016 – MasterCard had its “buy” rating reaffirmed by analysts at Jefferies Group.
  • 8/12/2016 – MasterCard had its “buy” rating reaffirmed by analysts at Jefferies Group.
  • 8/8/2016 – MasterCard was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “MasterCard’s earnings of $0.96 per share surpassed the Zacks Consensus Estimate of $0.90 per share and were up 13% year over year. The upside was primarily driven by a rise in the number of processed transactions along with an increase in cross-border volumes. MasterCard’s product-diversification and geographic-expansion initiatives augur long-term growth. The company’s multiple acquisitions over the past couple of years are also boosting inorganic growth. The recently announced buyout of VocaLink will further strengthen its electronic payment capabilities. Increased cross-border volumes, improved pricing, growth of processed transactions and vast global business continue to drive growth. However, the company is challenged with soft investment results, integration of acquisitions, a challenging forex environment, higher rebates and incentives as well as litigations.”
  • 7/29/2016 – MasterCard had its price target raised by analysts at Barclays PLC from $103.00 to $107.00. They now have an “overweight” rating on the stock.
  • 7/29/2016 – MasterCard had its price target raised by analysts at Citigroup Inc. from $106.00 to $108.00. They now have a “buy” rating on the stock.
  • 7/29/2016 – MasterCard had its price target raised by analysts at JPMorgan Chase & Co. from $108.00 to $110.00. They now have an “overweight” rating on the stock.
  • 7/29/2016 – MasterCard had its “outperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $128.00 price target on the stock, up previously from $120.00.
  • 7/25/2016 – MasterCard had its “outperform” rating reaffirmed by analysts at Robert W. Baird. They now have a $115.00 price target on the stock.

MasterCard Inc. (NYSE:MA) traded up 0.77% during midday trading on Wednesday, hitting $101.26. 3,113,484 shares of the company traded hands. MasterCard Inc. has a 12-month low of $78.52 and a 12-month high of $101.76. The stock’s 50-day moving average price is $97.23 and its 200 day moving average price is $94.68. The company has a market capitalization of $111.16 billion, a price-to-earnings ratio of 29.70 and a beta of 1.15.

MasterCard (NYSE:MA) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.90 by $0.06. The business had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.59 billion. MasterCard had a net margin of 37.39% and a return on equity of 66.32%. The firm’s revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 EPS. On average, equities analysts forecast that MasterCard Inc. will post $3.63 EPS for the current year.

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In other news, major shareholder Foundation Mastercard sold 84,000 shares of the business’s stock in a transaction dated Thursday, July 21st. The shares were sold at an average price of $92.64, for a total transaction of $7,781,760.00. Following the transaction, the insider now directly owns 115,064,971 shares in the company, valued at approximately $10,659,618,913.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Reeg sold 6,000 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $94.79, for a total transaction of $568,740.00. Following the transaction, the insider now owns 53,501 shares in the company, valued at $5,071,359.79. The disclosure for this sale can be found here. Company insiders own 3.14% of the company’s stock.

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world. The Company operates through payment solutions segment. The Company allows user to make payments by a range of payment solutions and services using various brands, which include MasterCard, Maestro and Cirrus.

5 Day Chart for NYSE:MA

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