Mastercard Incorporated (MA) Rating Reiterated by Mizuho
Mastercard Incorporated (NYSE:MA)‘s stock had its “hold” rating reaffirmed by equities researchers at Mizuho in a research report issued on Thursday. They currently have a $140.00 price objective on the credit services provider’s stock. Mizuho’s price target would suggest a potential downside of 4.59% from the stock’s current price.
Several other research analysts also recently weighed in on MA. Royal Bank Of Canada restated a “top pick” rating and set a $130.00 target price on shares of Mastercard in a research note on Friday, June 16th. Citigroup Inc. boosted their target price on Mastercard from $123.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, June 19th. Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $136.00 target price on the stock in a research note on Wednesday, July 5th. BidaskClub downgraded Mastercard from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Credit Suisse Group restated a “buy” rating and set a $125.00 target price on shares of Mastercard in a research note on Friday, July 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have issued a buy rating to the stock. Mastercard presently has an average rating of “Buy” and an average target price of $144.18.
Shares of Mastercard (NYSE MA) traded down 0.07% on Thursday, hitting $146.74. The stock had a trading volume of 3,221,511 shares. Mastercard has a 12 month low of $99.51 and a 12 month high of $148.16. The company’s 50 day moving average price is $139.22 and its 200-day moving average price is $126.07. The company has a market cap of $156.26 billion, a P/E ratio of 36.41 and a beta of 1.18.
Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $2.98 billion. During the same period in the previous year, the business earned $0.96 EPS. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, analysts expect that Mastercard will post $4.44 earnings per share for the current year.
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In other Mastercard news, major shareholder Foundation Mastercard sold 87,618 shares of the business’s stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $127.98, for a total transaction of $11,213,351.64. Following the completion of the sale, the insider now directly owns 112,649,063 shares in the company, valued at approximately $14,416,827,082.74. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Richard Haythornthwaite sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $142.51, for a total value of $712,550.00. Following the sale, the director now owns 45,278 shares of the company’s stock, valued at $6,452,567.78. The disclosure for this sale can be found here. Insiders sold a total of 869,668 shares of company stock valued at $112,301,656 in the last ninety days. 0.30% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of the business. Intl Fcstone Inc. purchased a new stake in Mastercard during the 2nd quarter worth approximately $1,873,000. USA Financial Portformulas Corp increased its stake in Mastercard by 945.0% during the 2nd quarter. USA Financial Portformulas Corp now owns 26,615 shares of the credit services provider’s stock worth $3,232,000 after buying an additional 24,068 shares in the last quarter. Farmers National Bank increased its stake in Mastercard by 7.2% during the 2nd quarter. Farmers National Bank now owns 13,287 shares of the credit services provider’s stock worth $1,614,000 after buying an additional 889 shares in the last quarter. Kimelman & Baird LLC increased its stake in Mastercard by 0.7% during the 2nd quarter. Kimelman & Baird LLC now owns 109,983 shares of the credit services provider’s stock worth $13,357,000 after buying an additional 765 shares in the last quarter. Finally, Sentry Investment Management LLC increased its stake in Mastercard by 1.0% during the 2nd quarter. Sentry Investment Management LLC now owns 75,771 shares of the credit services provider’s stock worth $9,202,000 after buying an additional 736 shares in the last quarter. 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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