Mastercard (NYSE:MA) Coverage Initiated by Analysts at Truist Financial

Analysts at Truist Financial started coverage on shares of Mastercard (NYSE:MA) in a research note issued on Monday, Marketbeat reports. The firm set a “buy” rating and a $640.00 price target on the credit services provider’s stock. Truist Financial’s price objective would indicate a potential upside of 9.91% from the stock’s previous close.

A number of other research firms have also recently commented on MA. Macquarie dropped their price target on shares of Mastercard from $645.00 to $610.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd. KeyCorp lifted their price target on shares of Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a research note on Friday, May 2nd. Barclays lifted their price target on shares of Mastercard from $595.00 to $650.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. The Goldman Sachs Group reissued a “buy” rating and issued a $633.00 price objective on shares of Mastercard in a research report on Wednesday, April 2nd. Finally, Wells Fargo & Company boosted their price objective on shares of Mastercard from $585.00 to $625.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Six investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $610.00.

Mastercard Price Performance

MA stock opened at $582.27 on Monday. Mastercard has a 12 month low of $428.86 and a 12 month high of $588.45. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The company has a 50-day moving average price of $545.06 and a 200 day moving average price of $540.50. The stock has a market cap of $530.86 billion, a PE ratio of 41.92, a P/E/G ratio of 2.37 and a beta of 1.06.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, topping analysts’ consensus estimates of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The firm had revenue of $7.25 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same period in the previous year, the company earned $3.31 EPS. The firm’s revenue for the quarter was up 14.2% compared to the same quarter last year. Equities research analysts anticipate that Mastercard will post 15.91 earnings per share for the current year.

Insider Activity

In related news, insider Edward Grunde Mclaughlin sold 7,132 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the completion of the transaction, the insider now owns 34,524 shares in the company, valued at $18,459,292.32. The trade was a 17.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Sandra A. Arkell sold 150 shares of the business’s stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $569.45, for a total transaction of $85,417.50. Following the transaction, the insider now owns 3,555 shares of the company’s stock, valued at approximately $2,024,394.75. This trade represents a 4.05% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,207 shares of company stock worth $12,664,529. 0.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. NewSquare Capital LLC purchased a new stake in Mastercard during the 4th quarter worth approximately $26,000. Flaharty Asset Management LLC purchased a new stake in Mastercard during the 1st quarter worth approximately $27,000. Marshall Investment Management LLC purchased a new stake in Mastercard during the 4th quarter worth approximately $30,000. Measured Risk Portfolios Inc. purchased a new stake in Mastercard during the 4th quarter worth approximately $31,000. Finally, Keystone Global Partners LLC purchased a new stake in Mastercard during the 1st quarter worth approximately $31,000. Institutional investors own 97.28% of the company’s stock.

About Mastercard

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.