Mastercard Incorporated (MA) PT Raised to $148.00
Mastercard Incorporated (NYSE:MA) had its target price upped by equities researchers at Barclays PLC from $142.00 to $148.00 in a report issued on Friday. The brokerage presently has an “overweight” rating on the credit services provider’s stock. Barclays PLC’s price objective points to a potential upside of 7.86% from the company’s current price.
A number of other research analysts have also recently commented on MA. Vetr cut Mastercard from a “hold” rating to a “sell” rating and set a $115.30 price objective on the stock. in a report on Monday, May 22nd. Deutsche Bank AG reiterated a “buy” rating and issued a $124.00 price objective on shares of Mastercard in a report on Thursday, May 25th. Morgan Stanley upped their price objective on Mastercard from $124.00 to $131.00 and gave the company an “overweight” rating in a report on Tuesday, May 30th. Wedbush reiterated an “outperform” rating and issued a $129.00 price objective (up from $126.00) on shares of Mastercard in a report on Tuesday, June 6th. Finally, BidaskClub cut Mastercard from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $134.14.
Mastercard (NYSE:MA) traded up 0.51% during trading on Friday, hitting $137.22. The stock had a trading volume of 4,452,073 shares. The company has a market cap of $146.13 billion, a price-to-earnings ratio of 34.05 and a beta of 1.18. Mastercard has a 52-week low of $97.49 and a 52-week high of $138.64. The firm’s 50-day moving average price is $131.16 and its 200-day moving average price is $120.79.
Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 analyst estimates of $2.98 billion. During the same quarter in the previous year, the business earned $0.96 EPS. Mastercard’s revenue for the quarter was up 13.3% compared to the same quarter last year. Analysts predict that Mastercard will post $4.40 EPS for the current fiscal year.
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In other Mastercard news, major shareholder Foundation Mastercard sold 87,623 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $129.34, for a total transaction of $11,333,158.82. Following the completion of the transaction, the insider now directly owns 112,240,179 shares of the company’s stock, valued at approximately $14,517,144,751.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Martina Hundmejean sold 91,107 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the transaction, the chief financial officer now directly owns 170,570 shares of the company’s stock, valued at $22,138,280.30. The disclosure for this sale can be found here. Insiders sold a total of 850,468 shares of company stock valued at $109,574,694 in the last three months. Insiders own 0.30% of the company’s stock.
Several large investors have recently modified their holdings of the company. Thompson Davis & CO. Inc. lifted its stake in Mastercard by 170.1% during the second quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 546 shares during the last quarter. American Beacon Advisors Inc. acquired a new stake in Mastercard during the first quarter valued at approximately $100,000. Proficio Capital Partners LLC lifted its stake in Mastercard by 108.2% during the first quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock valued at $108,000 after purchasing an additional 464 shares during the last quarter. Lipe & Dalton acquired a new stake in Mastercard during the first quarter valued at approximately $101,000. Finally, Chicago Partners Investment Group LLC lifted its stake in Mastercard by 1,365.6% during the second quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 874 shares during the last quarter. 76.10% of the stock is 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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