Mastercard’s (MA) “Buy” Rating Reiterated at Cowen and Company
Mastercard Incorporated (NYSE:MA)‘s stock had its “buy” rating restated by stock analysts at Cowen and Company in a research note issued to investors on Friday. They currently have a $137.00 target price on the credit services provider’s stock. Cowen and Company’s target price would indicate a potential downside of 0.16% from the stock’s previous close.
MA has been the subject of a number of other reports. Wedbush reiterated a “buy” rating and set a $140.00 price objective (up from $129.00) on shares of Mastercard in a report on Wednesday. BidaskClub downgraded Mastercard from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. Deutsche Bank AG reiterated a “buy” rating and set a $150.00 price objective (up from $124.00) on shares of Mastercard in a report on Monday, July 10th. Credit Suisse Group reissued 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 reissued a “buy” rating and set a $147.00 price target (up from $140.00) on shares of Mastercard in a research report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $136.78.
Shares of Mastercard (NYSE MA) traded up 0.51% during midday trading on Friday, reaching $137.22. The company’s stock had a trading volume of 4,452,115 shares. Mastercard has a 12 month low of $97.49 and a 12 month high of $138.64. The company has a market cap of $146.13 billion, a price-to-earnings ratio of 34.05 and a beta of 1.18. The stock has a 50-day moving average of $131.41 and a 200 day moving average of $120.91.
Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.06. The business had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. Mastercard’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period last year, the company earned $0.96 earnings per share. On average, analysts predict that Mastercard will post $4.40 earnings per share for the current fiscal year.
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In related news, CFO Martina Hundmejean sold 91,107 shares of Mastercard stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total transaction of $11,824,777.53. Following the completion of the sale, the chief financial officer now directly owns 170,570 shares of the company’s stock, valued at approximately $22,138,280.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, major shareholder Foundation Mastercard sold 87,618 shares of Mastercard stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $127.98, for a total value of $11,213,351.64. Following the sale, the insider now directly owns 112,649,063 shares of the company’s stock, valued at $14,416,827,082.74. The disclosure for this sale can be found here. Over the last three months, insiders have sold 850,468 shares of company stock valued at $109,574,694. 0.30% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. Ferguson Wellman Capital Management Inc. increased its stake in Mastercard by 1.3% during the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 16,438 shares of the credit services provider’s stock worth $1,849,000 after acquiring an additional 210 shares during the period. Boyd Watterson Asset Management LLC OH increased its stake in Mastercard by 21.1% during the 1st quarter. Boyd Watterson Asset Management LLC OH now owns 8,027 shares of the credit services provider’s stock worth $903,000 after acquiring an additional 1,398 shares during the period. Mn Services Vermogensbeheer B.V. increased its stake in Mastercard by 2.3% during the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 25,688 shares of the credit services provider’s stock worth $2,701,000 after acquiring an additional 581 shares during the period. Baxter Bros Inc. increased its stake in Mastercard by 12.2% during the 1st quarter. Baxter Bros Inc. now owns 13,290 shares of the credit services provider’s stock worth $1,495,000 after acquiring an additional 1,445 shares during the period. Finally, Waldron LP bought a new position in Mastercard during the 1st quarter worth $823,000. 76.10% of the stock is owned by institutional investors and hedge funds.
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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