A number of firms have modified their ratings and price targets on shares of Mastercard (NYSE: MA) recently:

  • 10/2/2017 – Mastercard is now covered by analysts at Buckingham Research. They set a “buy” rating and a $163.00 price target on the stock.
  • 9/28/2017 – Mastercard is now covered by analysts at Cantor Fitzgerald. They set an “overweight” rating and a $165.00 price target on the stock. They wrote, “Mastercard is a card network that facilitates transactions among card (credit, debit, prepaid or commercial) users, issuers, merchants and acquirers. Card networks act as intermediaries, utilizing network capabilities and infrastructure to facilitate the authorization, clearance, and settlement of payment transactions. Mastercard facilitates payments within a four-party model card payment scheme, wherein the issuer and acquirer are different entities.””
  • 9/25/2017 – Mastercard was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “MasterCard’s stock has outperformed the industry year to date.  The company is well positioned for growth given its solid market position, ongoing expansion and digital initiatives, and significant opportunities from the secular shift toward electronic payments. Revenue growth has remianed strong and will continue to grow on the back of its strong market position and attractive core business that continues to be driven by new deals, renewed agreements and expansion of service offerings. The acquisition of VocaLink and NuData Security, complement the company’s efforts to participate in new payment flows and enhance its safety and security offerings. The stock has seen the Zacks Consensus Estimate for current-year earnings being revised 2.6% upward over the last 60 days.”
  • 9/22/2017 – Mastercard had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $156.00 price target on the stock.
  • 9/22/2017 – Mastercard had its price target raised by analysts at Royal Bank Of Canada to $156.00. They now have an “outperform” rating on the stock.
  • 9/21/2017 – Mastercard was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $160.00 price target on the stock. According to Zacks, “MasterCard’s stock has outperformed the industry year to date.  The company is well positioned for growth given its solid market position, ongoing expansion and digital initiatives, and significant opportunities from the secular shift toward electronic payments. Revenue growth has remianed strong and will continue to grow on the back of its strong market position and attractive core business that continues to be driven by new deals, renewed agreements and expansion of service offerings. The acquisition of VocaLink and NuData Security, complement the company’s efforts to participate in new payment flows and enhance its safety and security offerings. The stock has seen the Zacks Consensus Estimate for current-year earnings being revised 2.6% upward over the last 60 days.”
  • 9/19/2017 – Mastercard had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $160.00 price target on the stock, up previously from $138.00.
  • 9/11/2017 – Mastercard was upgraded by analysts at Guggenheim from a “neutral” rating to a “buy” rating. They now have a $153.00 price target on the stock, up previously from $135.00.
  • 9/9/2017 – Mastercard had its “buy” rating reaffirmed by analysts at Instinet. They now have a $163.00 price target on the stock, up previously from $153.00.
  • 9/8/2017 – Mastercard had its “positive” rating reaffirmed by analysts at Susquehanna Bancshares Inc. They now have a $158.00 price target on the stock, up previously from $149.00.
  • 9/8/2017 – Mastercard had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $137.00 price target on the stock.
  • 9/8/2017 – Mastercard had its price target raised by analysts at Credit Suisse Group from $128.00 to $145.00. They now have an “outperform” rating on the stock.
  • 9/8/2017 – Mastercard had its price target raised by analysts at Nomura from $153.00 to $163.00. They now have a “buy” rating on the stock.
  • 9/8/2017 – Mastercard had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $145.00 price target on the stock.
  • 9/8/2017 – Mastercard had its price target raised by analysts at Barclays PLC from $142.00 to $148.00. They now have an “overweight” rating on the stock.
  • 9/8/2017 – Mastercard had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $150.00 price target on the stock, up previously from $143.00.
  • 9/7/2017 – Mastercard had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $150.00 price target on the stock.
  • 9/6/2017 – Mastercard had its “buy” rating reaffirmed by analysts at Wedbush. They now have a $140.00 price target on the stock, up previously from $129.00.
  • 8/22/2017 – Mastercard was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/21/2017 – Mastercard was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Mastercard’s stock has outperformed the industry over the past one year.  The company is well positioned for growth given its solid market position, ongoing expansion and digital initiatives, and significant opportunities from the secular shift toward electronic payments. The acquisition of VocaLink and NuData Security, complement the company’s efforts to participate in new payment flows and enhance its safety and security offerings. During the most recently reported quarter, its earnings surpassed the Zacks Consensus Estimate, mainly driven by strong transaction, higher cross border volumes and gains from the Vocalink acquisition.  The stock has seen the Zacks Consensus Estimate for current-year earnings being revised 1.5% upward over the last 30 days. It, however, continues to face escalating costs, a volatile forex environment and legal issues. Also, higher incentives and rewards will put pressure on the bottom line.”

Mastercard Incorporated (MA) traded up 0.85% on Tuesday, hitting $143.02. The stock had a trading volume of 2,514,344 shares. Mastercard Incorporated has a 12-month low of $99.51 and a 12-month high of $143.59. The company’s 50 day moving average price is $136.74 and its 200-day moving average price is $124.53. The company has a market cap of $152.30 billion, a price-to-earnings ratio of 35.49 and a beta of 1.18.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 38.30% and a return on equity of 74.92%. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.96 EPS. Equities research analysts anticipate that Mastercard Incorporated will post $4.44 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 9th. Shareholders of record on Friday, October 6th will be issued a $0.22 dividend. The ex-dividend date is Thursday, October 5th. This represents a $0.88 dividend on an annualized basis and a yield of 0.62%. Mastercard’s dividend payout ratio is currently 21.78%.

In other Mastercard news, major shareholder Foundation Mastercard sold 87,618 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $126.60, for a total value of $11,092,438.80. Following the sale, the insider now directly owns 112,736,681 shares in the company, valued at $14,272,463,814.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Craig Vosburg sold 14,200 shares of the firm’s stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $141.86, for a total value of $2,014,412.00. Following the completion of the sale, the insider now owns 40,646 shares in the company, valued at $5,766,041.56. The disclosure for this sale can be found here. Insiders sold 864,668 shares of company stock worth $111,589,106 in the last three months. 0.30% of the stock is currently owned by corporate insiders.

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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