Mastercard Incorporated (MA) Earns Overweight Rating from Analysts at Stephens
Research analysts at Stephens initiated coverage on shares of Mastercard Incorporated (NYSE:MA) in a note issued to investors on Friday, The Fly reports. The brokerage set an “overweight” rating on the credit services provider’s stock.
A number of other equities analysts have also recently issued reports on MA. Cowen and Company restated a “buy” rating and set a $137.00 target price on shares of Mastercard in a report on Thursday. Mizuho restated a “hold” rating and set a $140.00 target price on shares of Mastercard in a report on Thursday. Cantor Fitzgerald began coverage on Mastercard in a report on Thursday, September 28th. They set an “overweight” rating and a $165.00 target price on the stock. Buckingham Research began coverage on Mastercard in a report on Monday, October 2nd. They set a “buy” rating and a $163.00 target price on the stock. Finally, BidaskClub cut Mastercard from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $144.18.
Shares of Mastercard (NYSE:MA) opened at 146.74 on Friday. The company has a market capitalization of $156.26 billion, a PE ratio of 36.41 and a beta of 1.18. The firm has a 50-day moving average of $139.61 and a 200 day moving average of $126.21. Mastercard has a 12 month low of $99.51 and a 12 month high of $148.16.
Mastercard (NYSE:MA) last issued its earnings results 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. 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 analysts’ expectations of $2.98 billion. During the same quarter last year, the business earned $0.96 earnings per share. The company’s revenue was up 13.3% compared to the same quarter last year. On average, equities research analysts expect that Mastercard will post $4.44 earnings per share for the current fiscal year.
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In other Mastercard news, 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 transaction of $712,550.00. Following the transaction, the director now owns 45,278 shares of the company’s stock, valued at approximately $6,452,567.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Craig Vosburg sold 14,200 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $141.86, for a total value 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 disclosure for this sale can be found here. Insiders have sold a total of 869,668 shares of company stock worth $112,301,656 in the last ninety days. Insiders own 0.30% of the company’s stock.
Large investors have recently bought and sold shares of the business. Proficio Capital Partners bought a new position in shares of Mastercard during the 4th quarter worth approximately $27,000. American Beacon Advisors Inc. bought a new position in shares of Mastercard during the 1st quarter worth approximately $100,000. Integrated Investment Consultants LLC boosted its stake in shares of Mastercard by 260.0% during the 1st quarter. Integrated Investment Consultants LLC now owns 900 shares of the credit services provider’s stock worth $101,000 after acquiring an additional 650 shares during the period. Lipe & Dalton bought a new position in shares of Mastercard during the 1st quarter worth approximately $101,000. Finally, Chicago Partners Investment Group LLC boosted its stake in shares of 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 worth $105,000 after acquiring an additional 874 shares during the period. 76.05% of the stock is currently owned by hedge funds and other institutional investors.
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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