Mastercard Incorporated (MA) Given New $0.00 Price Target at Nomura
Mastercard Incorporated (NYSE:MA) had its price target boosted by stock analysts at Nomura in a report released on Friday. The brokerage currently has a “buy” rating on the credit services provider’s stock.
MA has been the subject of a number of other research reports. Wedbush reaffirmed a “buy” rating and set a $140.00 price target (up previously from $129.00) on shares of Mastercard in a research report on Wednesday. BidaskClub downgraded Mastercard from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. Deutsche Bank AG reaffirmed a “buy” rating and set a $150.00 price target (up previously from $124.00) on shares of Mastercard in a research report on Monday, July 10th. Credit Suisse Group reaffirmed a “buy” rating and set a $125.00 price target on shares of Mastercard in a research report on Friday, July 7th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $147.00 price target (up previously from $140.00) on shares of Mastercard in a research report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. Mastercard has an average rating of “Buy” and an average price target of $129.60.
Shares of Mastercard (MA) traded up 0.63% during trading on Friday, reaching $137.39. 1,455,729 shares of the company traded hands. The stock has a market cap of $146.31 billion, a P/E ratio of 34.09 and a beta of 1.18. Mastercard has a 12 month low of $97.49 and a 12 month high of $138.64. The stock’s 50 day moving average price is $131.16 and its 200-day moving average price is $120.79.
Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.06. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the prior year, the firm posted $0.96 EPS. The business’s revenue was up 13.3% on a year-over-year basis. On average, equities research analysts expect that Mastercard will post $4.40 EPS for the current fiscal year.
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In other news, major shareholder Foundation Mastercard sold 29,206 shares of the stock in a transaction on Wednesday, July 26th. The stock was sold at an average price of $130.33, for a total transaction of $3,806,417.98. Following the sale, the insider now directly owns 112,473,827 shares of the company’s stock, valued at approximately $14,658,713,872.91. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Martina Hundmejean sold 91,107 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total value of $11,824,777.53. Following the sale, the chief financial officer now directly owns 170,570 shares in the company, valued at $22,138,280.30. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 850,468 shares of company stock worth $109,574,694. Insiders own 0.30% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in MA. American Beacon Advisors Inc. acquired a new stake in shares of Mastercard during the 1st quarter worth $100,000. Lipe & Dalton acquired a new stake in shares of Mastercard during the 1st quarter worth $101,000. Chicago Partners Investment Group LLC grew its holdings in shares of Mastercard by 1,365.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock worth $105,000 after purchasing an additional 874 shares in the last quarter. Thompson Davis & CO. Inc. grew its holdings in shares of Mastercard by 170.1% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock worth $105,000 after purchasing an additional 546 shares in the last quarter. Finally, Proficio Capital Partners LLC grew its holdings in shares of Mastercard by 108.2% during the 1st quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock worth $108,000 after purchasing an additional 464 shares in the last quarter. 76.10% of the stock is currently owned by institutional investors.
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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