Mastercard (NYSE:MA) Rating Lowered to Hold at Wall Street Zen

Mastercard (NYSE:MA) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Sunday.

MA has been the subject of several other research reports. Citigroup raised Mastercard to a “strong-buy” rating in a research report on Thursday, October 23rd. Tigress Financial lifted their target price on Mastercard from $685.00 to $730.00 and gave the company a “strong-buy” rating in a research report on Thursday, November 6th. Truist Financial reduced their price objective on shares of Mastercard from $638.00 to $630.00 and set a “buy” rating for the company in a research note on Tuesday, November 4th. UBS Group boosted their price target on Mastercard from $690.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, Compass Point set a $620.00 price objective on Mastercard and gave the company a “neutral” rating in a research report on Friday, October 31st. Five investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $654.81.

Mastercard Stock Performance

Mastercard stock opened at $571.40 on Friday. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.12 and a current ratio of 1.12. Mastercard has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The stock has a market cap of $513.12 billion, a price-to-earnings ratio of 36.53, a PEG ratio of 2.25 and a beta of 0.87. The stock’s 50 day simple moving average is $554.16 and its two-hundred day simple moving average is $566.39.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, topping the consensus estimate of $4.31 by $0.07. The company had revenue of $8.60 billion for the quarter, compared to analysts’ expectations of $8.53 billion. Mastercard had a return on equity of 202.03% and a net margin of 45.28%.The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.89 earnings per share. As a group, analysts expect that Mastercard will post 15.91 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mastercard

Hedge funds have recently added to or reduced their stakes in the stock. LGT Financial Advisors LLC purchased a new position in Mastercard during the 2nd quarter valued at about $25,000. Family Legacy Financial Solutions LLC purchased a new position in Mastercard during the 2nd quarter worth $26,000. Flaharty Asset Management LLC acquired a new position in shares of Mastercard during the first quarter valued at about $27,000. Evolution Wealth Management Inc. purchased a new position in shares of Mastercard in the second quarter worth $29,000. Finally, Robbins Farley grew its stake in Mastercard by 50.0% during the 3rd quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock valued at $31,000 after purchasing an additional 18 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Company Profile

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.