Mastercard Incorporated (MA) Stock Rating Reaffirmed by Sanford C. Bernstein
Mastercard Incorporated (NYSE:MA)‘s stock had its “buy” rating reiterated by equities research analysts at Sanford C. Bernstein in a research note issued on Monday. They presently have a $166.00 target price on the credit services provider’s stock, up from their prior target price of $145.00. Sanford C. Bernstein’s price target would indicate a potential upside of 11.77% from the company’s current price. The analysts noted that the move was a valuation call.
Other equities analysts have also issued research reports about the company. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $150.00 price target (up previously from $143.00) on shares of Mastercard in a research note on Friday, September 8th. Oppenheimer Holdings Inc. increased their target price on Mastercard and gave the company an “outperform” rating in a research note on Tuesday, July 18th. BidaskClub raised Mastercard from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Zacks Investment Research raised 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. Finally, Cowen and Company reissued an “outperform” rating and issued a $137.00 target price (up previously from $129.00) on shares of Mastercard in a research note on Sunday, July 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $145.44.
Mastercard (MA) traded up 0.19% on Monday, reaching $148.80. The company had a trading volume of 4,240,744 shares. The company has a market capitalization of $158.46 billion, a price-to-earnings ratio of 36.92 and a beta of 1.18. The company’s 50 day moving average price is $143.31 and its 200-day moving average price is $128.88. Mastercard has a 12 month low of $99.51 and a 12 month high of $151.48.
Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter in the prior year, the firm posted $0.96 earnings per share. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, equities analysts predict that Mastercard will post $4.44 earnings per share for the current fiscal year.
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In other Mastercard news, insider Michael Fraccaro sold 5,800 shares of the firm’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $147.59, for a total value of $856,022.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 29,206 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $129.03, for a total value of $3,768,450.18. Following the completion of the transaction, the insider now owns 112,386,209 shares of the company’s stock, valued at $14,501,192,547.27. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 378,966 shares of company stock valued at $49,384,040. Corporate insiders own 0.30% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Glassman Wealth Services grew its stake in Mastercard by 0.3% in the first quarter. Glassman Wealth Services now owns 1,769 shares of the credit services provider’s stock valued at $199,000 after purchasing an additional 6 shares in the last quarter. Norway Savings Bank grew its stake in Mastercard by 1.1% in the second quarter. Norway Savings Bank now owns 960 shares of the credit services provider’s stock valued at $117,000 after purchasing an additional 10 shares in the last quarter. Proficio Capital Partners LLC grew its stake in Mastercard by 1.3% in the second quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock valued at $118,000 after purchasing an additional 12 shares in the last quarter. Concert Wealth Management Inc. grew its stake in Mastercard by 0.3% in the first quarter. Concert Wealth Management Inc. now owns 6,467 shares of the credit services provider’s stock valued at $664,000 after purchasing an additional 18 shares in the last quarter. Finally, Berkshire Asset Management LLC PA grew its stake in Mastercard by 0.3% in the second quarter. Berkshire Asset Management LLC PA now owns 6,448 shares of the credit services provider’s stock valued at $783,000 after purchasing an additional 18 shares in the last quarter. Hedge funds and other institutional investors own 76.09% of the company’s stock.
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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