Mastercard Incorporated (MA) Earns “Buy” Rating from Cowen and Company
Mastercard Incorporated (NYSE:MA)‘s stock had its “buy” rating restated by equities researchers at Cowen and Company in a report issued on Thursday. They currently have a $137.00 target price on the credit services provider’s stock. Cowen and Company’s price objective would suggest a potential downside of 6.71% from the stock’s previous close.
A number of other analysts have also recently weighed in on the stock. Royal Bank Of Canada restated a “top pick” rating and issued a $130.00 price objective on shares of Mastercard in a research note on Friday, June 16th. Citigroup Inc. boosted their price objective on shares of Mastercard from $123.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, June 19th. Mizuho initiated coverage on shares of Mastercard in a research note on Tuesday, June 27th. They issued a “neutral” rating and a $125.00 price objective for the company. Zacks Investment Research upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $136.00 price objective for the company in a research note on Wednesday, July 5th. Finally, BidaskClub cut shares of Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $143.67.
Mastercard (NYSE MA) opened at 146.85 on Thursday. The stock has a market cap of $156.38 billion, a P/E ratio of 36.44 and a beta of 1.18. Mastercard has a 1-year low of $99.51 and a 1-year high of $147.12. The firm’s 50-day moving average is $139.22 and its 200-day moving average is $126.07.
Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 EPS for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.06. Mastercard had a net margin of 38.30% and a return on equity of 74.92%. The firm had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the previous year, the firm posted $0.96 earnings per share. The firm’s revenue was up 13.3% on a year-over-year basis. On average, analysts forecast that Mastercard will post $4.44 EPS for the current year.
In other Mastercard news, insider Craig Vosburg sold 14,200 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $141.86, for a total transaction of $2,014,412.00. Following the transaction, the insider now directly owns 40,646 shares in the company, valued at approximately $5,766,041.56. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard Haythornthwaite sold 5,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $142.51, for a total transaction of $712,550.00. Following the transaction, the director now owns 45,278 shares in the company, valued at $6,452,567.78. The disclosure for this sale can be found here. In the last three months, insiders have sold 869,668 shares of company stock worth $112,301,656. Insiders own 0.30% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Thompson Davis & CO. Inc. lifted its position in Mastercard by 170.1% during the 2nd 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 period. American Beacon Advisors Inc. acquired a new position in Mastercard during the 1st quarter valued at about $100,000. Proficio Capital Partners LLC lifted its position in Mastercard by 108.2% during the 1st 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 period. Lipe & Dalton acquired a new position in Mastercard during the 1st quarter valued at about $101,000. Finally, Chicago Partners Investment Group LLC lifted its position in 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 valued at $105,000 after purchasing an additional 874 shares during the period. Institutional investors own 76.05% of the company’s stock.
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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