Mastercard Incorporated (NYSE:MA) was upgraded by Guggenheim from a “neutral” rating to a “buy” rating in a research report issued on Monday. The firm currently has a $153.00 target price on the credit services provider’s stock, up from their previous target price of $135.00. Guggenheim’s target price indicates a potential upside of 7.43% from the company’s current price.
A number of other research analysts have also weighed in on MA. Vetr lowered Mastercard from a “hold” rating to a “sell” rating and set a $115.30 target price on the stock. in a report on Monday, May 22nd. Deutsche Bank AG reaffirmed a “buy” rating and issued a $124.00 price objective on shares of Mastercard in a report on Thursday, May 25th. Morgan Stanley upped their price objective on Mastercard from $124.00 to $131.00 and gave the company an “overweight” rating in a report on Tuesday, May 30th. Wedbush reaffirmed an “outperform” rating and issued a $129.00 price objective (up from $126.00) on shares of Mastercard in a report on Tuesday, June 6th. Finally, BidaskClub lowered Mastercard from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Mastercard presently has a consensus rating of “Buy” and an average price target of $137.38.
Mastercard (NYSE:MA) opened at 142.42 on Monday. The company has a market capitalization of $151.66 billion, a PE ratio of 35.34 and a beta of 1.18. Mastercard has a 12 month low of $98.38 and a 12 month high of $143.52. The company has a 50-day moving average price of $131.84 and a 200 day moving average price of $121.37.
Mastercard (NYSE:MA) last posted its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.06. The business had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The firm’s revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.96 EPS. On average, equities research analysts forecast that Mastercard will post $4.43 EPS for the current fiscal year.
In other Mastercard news, CFO Martina Hundmejean sold 91,107 shares of the stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total value of $11,824,777.53. Following the completion of the transaction, the chief financial officer now directly owns 170,570 shares in the company, valued at $22,138,280.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Foundation Mastercard sold 29,206 shares of the stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $127.63, for a total value of $3,727,561.78. Following the completion of the transaction, the insider now owns 112,649,063 shares of the company’s stock, valued at $14,377,399,910.69. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 850,468 shares of company stock valued at $109,574,694. 0.30% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the business. Intl Fcstone Inc. bought a new position in Mastercard in the second quarter valued at about $1,873,000. USA Financial Portformulas Corp raised its position in Mastercard by 945.0% in the second quarter. USA Financial Portformulas Corp now owns 26,615 shares of the credit services provider’s stock valued at $3,232,000 after purchasing an additional 24,068 shares during the last quarter. Farmers National Bank raised its position in Mastercard by 7.2% in the second quarter. Farmers National Bank now owns 13,287 shares of the credit services provider’s stock valued at $1,614,000 after purchasing an additional 889 shares during the last quarter. Kimelman & Baird LLC raised its position in Mastercard by 0.7% in the second quarter. Kimelman & Baird LLC now owns 109,983 shares of the credit services provider’s stock valued at $13,357,000 after purchasing an additional 765 shares during the last quarter. Finally, Sentry Investment Management LLC raised its position in Mastercard by 1.0% in the second quarter. Sentry Investment Management LLC now owns 75,771 shares of the credit services provider’s stock valued at $9,202,000 after purchasing an additional 736 shares during the last quarter. Hedge funds and other institutional investors own 76.10% 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.
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