Mastercard Incorporated (NYSE:MA) had its target price lifted by stock analysts at SunTrust Banks, Inc. to $180.00 in a report released on Wednesday, The Fly reports. The firm presently has a “buy” rating on the credit services provider’s stock. SunTrust Banks, Inc.’s price target would indicate a potential upside of 20.99% from the company’s previous close.

Other analysts have also issued research reports about the company. Zacks Investment Research raised Mastercard from a “hold” rating to a “buy” rating and set a $136.00 target price for the company in a report on Wednesday, July 5th. Jefferies Group LLC reissued a “buy” rating and issued a $147.00 target price (up previously from $140.00) on shares of Mastercard in a report on Tuesday, July 18th. BidaskClub raised Mastercard from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Deutsche Bank AG reissued a “buy” rating and issued a $150.00 target price (up previously from $124.00) on shares of Mastercard in a report on Monday, July 10th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $125.00 target price on shares of Mastercard in a report on Friday, July 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $156.18.

Mastercard (NYSE MA) opened at 150.235 on Wednesday. Mastercard has a 52-week low of $99.51 and a 52-week high of $152.00. The stock has a market cap of $159.98 billion, a PE ratio of 37.279 and a beta of 1.18. The firm has a 50-day moving average price of $143.83 and a 200 day moving average price of $129.54.

Mastercard (NYSE:MA) last posted its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.11. The business had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.28 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The company’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.08 EPS. On average, analysts forecast that Mastercard will post $4.44 earnings per share for the current fiscal year.

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In other news, major shareholder Foundation Mastercard sold 58,412 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $129.87, for a total value of $7,585,966.44. Following the transaction, the insider now directly owns 112,298,591 shares in the company, valued at $14,584,218,013.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard Haythornthwaite sold 5,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $142.51, for a total value of $712,550.00. Following the completion of 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. Insiders sold 171,035 shares of company stock worth $22,502,109 over the last 90 days. Company insiders own 0.30% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Mastercard by 2.3% in the second quarter. Vanguard Group Inc. now owns 65,297,307 shares of the credit services provider’s stock valued at $7,930,357,000 after acquiring an additional 1,490,267 shares in the last quarter. State Street Corp lifted its position in shares of Mastercard by 0.4% in the first quarter. State Street Corp now owns 37,454,824 shares of the credit services provider’s stock valued at $4,212,546,000 after acquiring an additional 140,515 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Mastercard by 784.3% in the second quarter. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider’s stock valued at $2,048,899,000 after acquiring an additional 14,962,583 shares in the last quarter. Capital Research Global Investors lifted its position in shares of Mastercard by 15.8% in the second quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock valued at $1,540,665,000 after acquiring an additional 1,729,179 shares in the last quarter. Finally, Capital World Investors lifted its position in shares of Mastercard by 2.3% in the second quarter. Capital World Investors now owns 12,675,652 shares of the credit services provider’s stock valued at $1,539,458,000 after acquiring an additional 289,488 shares in the last quarter. Institutional investors and hedge funds own 76.09% 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.

The Fly

Analyst Recommendations for Mastercard (NYSE:MA)

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