Mastercard (MA) Receives Buy Rating from Tigress Financial

Mastercard (NYSE:MA)‘s stock had its “buy” rating restated by Tigress Financial in a research note issued on Thursday.

Several other equities research analysts have also commented on MA. Piper Jaffray Companies lifted their price target on shares of Mastercard from $208.00 to $212.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Morgan Stanley lifted their price target on shares of Mastercard from $178.00 to $192.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Barclays lifted their price target on shares of Mastercard from $178.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Cantor Fitzgerald lifted their price target on shares of Mastercard to $198.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Finally, Guggenheim reiterated a “buy” rating and set a $201.00 price target on shares of Mastercard in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirty-one have issued a buy rating to the company’s stock. Mastercard presently has a consensus rating of “Buy” and a consensus price target of $176.64.

Mastercard (NYSE:MA) traded down $2.03 during trading on Thursday, hitting $166.70. 1,709,592 shares of the stock traded hands, compared to its average volume of 3,765,198. The stock has a market cap of $178,630.00, a PE ratio of 45.67, a P/E/G ratio of 1.57 and a beta of 1.26. Mastercard has a 1-year low of $106.50 and a 1-year high of $177.11. The company has a current ratio of 1.57, a quick ratio of 1.66 and a debt-to-equity ratio of 0.99.

Mastercard (NYSE:MA) last released its quarterly earnings data on Thursday, February 1st. The credit services provider reported $1.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.02. The business had revenue of $3.31 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The company’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.86 EPS. sell-side analysts expect that Mastercard will post 5.88 earnings per share for the current year.

Mastercard declared that its board has approved a share repurchase plan on Monday, December 4th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

In other Mastercard news, insider Edward Grunde Mclaughlin sold 17,167 shares of Mastercard stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $151.81, for a total value of $2,606,122.27. Following the transaction, the insider now directly owns 47,901 shares in the company, valued at $7,271,850.81. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.30% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Community Bank N.A. increased its stake in shares of Mastercard by 119.7% during the fourth quarter. Community Bank N.A. now owns 670 shares of the credit services provider’s stock worth $101,000 after acquiring an additional 365 shares during the period. Massey Quick Simon & CO. LLC acquired a new position in shares of Mastercard during the third quarter worth about $102,000. Wealthcare Advisory Partners LLC acquired a new position in shares of Mastercard during the third quarter worth about $106,000. Thompson Davis & CO. Inc. increased its stake in shares of Mastercard by 170.1% during the second quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock worth $105,000 after acquiring an additional 546 shares during the period. Finally, Cerebellum GP LLC acquired a new position in shares of Mastercard during the fourth quarter worth about $133,000. Institutional investors and hedge funds own 75.79% of the company’s stock.

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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.

Analyst Recommendations for Mastercard (NYSE:MA)

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