Mastercard Incorporated (MA) Given New $140.00 Price Target at Citigroup Inc.
Mastercard Incorporated (NYSE:MA) had its price objective upped by stock analysts at Citigroup Inc. from $123.00 to $140.00 in a research report issued to clients and investors on Monday. The brokerage presently has a “buy” rating on the credit services provider’s stock. Citigroup Inc.’s price objective suggests a potential upside of 14.79% from the stock’s previous close.
MA has been the topic of a number of other research reports. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $123.00 price objective on shares of Mastercard in a research report on Saturday, March 11th. BidaskClub lowered Mastercard from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Cowen and Company reaffirmed an “outperform” rating and set a $122.00 price objective on shares of Mastercard in a research report on Monday, March 6th. Zacks Investment Research lowered Mastercard from a “hold” rating to a “sell” rating in a research report on Thursday, April 20th. Finally, Vetr lowered Mastercard from a “hold” rating to a “sell” rating and set a $115.30 price objective on the stock. in a research report on Monday, May 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Mastercard presently has a consensus rating of “Buy” and an average target price of $121.92.
Shares of Mastercard (NYSE MA) traded up 0.84% on Monday, reaching $122.98. The company had a trading volume of 2,265,733 shares. The company’s 50 day moving average price is $120.09 and its 200-day moving average price is $111.74. Mastercard has a 1-year low of $86.65 and a 1-year high of $126.19. The stock has a market capitalization of $131.82 billion, a P/E ratio of 32.11 and a beta of 1.17.
Mastercard (NYSE:MA) last announced its earnings results on Tuesday, May 2nd. The credit services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.07. The company had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.65 billion. Mastercard had a return on equity of 72.95% and a net margin of 37.79%. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.86 earnings per share. Equities analysts predict that Mastercard will post $4.31 EPS for the current year.
In other news, CEO Ajay Banga sold 161,742 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $117.27, for a total value of $18,967,484.34. Following the completion of the sale, the chief executive officer now directly owns 333,495 shares of the company’s stock, valued at $39,108,958.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Timothy H. Murphy sold 24,128 shares of the company’s stock in a transaction dated Tuesday, April 4th. The shares were sold at an average price of $112.25, for a total transaction of $2,708,368.00. Following the completion of the sale, the general counsel now directly owns 53,407 shares of the company’s stock, valued at $5,994,935.75. The disclosure for this sale can be found here. Insiders sold 274,829 shares of company stock valued at $31,928,440 over the last ninety days. Corporate insiders own 3.14% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Burney Co. boosted its position in Mastercard by 2.6% in the fourth quarter. Burney Co. now owns 4,313 shares of the credit services provider’s stock valued at $445,000 after buying an additional 108 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in Mastercard by 0.7% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 1,422,325 shares of the credit services provider’s stock valued at $146,855,000 after buying an additional 9,321 shares in the last quarter. Highland Private Wealth Management purchased a new position in Mastercard during the fourth quarter valued at about $205,000. Twin Capital Management Inc. boosted its position in Mastercard by 19.4% in the fourth quarter. Twin Capital Management Inc. now owns 29,850 shares of the credit services provider’s stock valued at $3,082,000 after buying an additional 4,860 shares in the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in Mastercard during the fourth quarter valued at about $139,000. 77.36% of the stock is owned by institutional investors and hedge funds.
Mastercard Company Profile
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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