Mastercard Incorporated (NYSE:MA) had its price objective lifted by research analysts at Bank of America Corporation from $165.00 to $170.00 in a note issued to investors on Monday. The firm presently has a “buy” rating on the credit services provider’s stock. Bank of America Corporation’s target price points to a potential upside of 13.32% from the stock’s previous close.
Other research analysts have also recently issued reports about the stock. Cantor Fitzgerald reissued a “buy” rating and issued a $165.00 price objective on shares of Mastercard in a research note on Tuesday, October 31st. BMO Capital Markets reissued an “outperform” rating and issued a $174.00 price objective (up from $157.00) on shares of Mastercard in a research note on Wednesday, November 1st. J P Morgan Chase & Co lifted their price objective on shares of Mastercard from $152.00 to $160.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. SunTrust Banks, Inc. lifted their price objective on shares of Mastercard to $180.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Finally, KeyCorp reissued an “overweight” rating and issued a $170.00 price objective (up from $165.00) on shares of Mastercard in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $157.68.
Shares of Mastercard (NYSE:MA) traded up $0.73 on Monday, hitting $150.02. 535,310 shares of the stock traded hands, compared to its average volume of 3,380,000. Mastercard has a 12 month low of $99.51 and a 12 month high of $152.00. The company has a market capitalization of $158,050.00, a PE ratio of 34.64, a PEG ratio of 2.03 and a beta of 1.22. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.66 and a quick ratio of 1.66.
Mastercard (NYSE:MA) last announced its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.11. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The company had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same period last year, the firm earned $1.08 earnings per share. The business’s revenue for the quarter was up 18.1% on a year-over-year basis. sell-side analysts forecast that Mastercard will post 4.52 EPS for the current year.
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In related news, insider Michael Fraccaro sold 5,800 shares of the business’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $147.59, for a total transaction of $856,022.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 87,623 shares of the business’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $129.34, for a total transaction of $11,333,158.82. Following the transaction, the insider now owns 112,240,179 shares in the company, valued at $14,517,144,751.86. The disclosure for this sale can be found here. Over the last three months, insiders have sold 112,623 shares of company stock valued at $14,916,143. 0.30% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in MA. American Beacon Advisors Inc. purchased a new position in Mastercard in the first quarter valued at about $100,000. Lipe & Dalton purchased a new position in Mastercard in the first quarter valued at about $101,000. Chicago Partners Investment Group LLC boosted its stake in Mastercard by 1,365.6% in the second quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after acquiring an additional 874 shares during the last quarter. Thompson Davis & CO. Inc. boosted its stake in Mastercard by 170.1% in the second quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after acquiring an additional 546 shares during the last quarter. Finally, Proficio Capital Partners LLC boosted its stake in Mastercard by 108.2% in the first quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock valued at $108,000 after acquiring an additional 464 shares during the last quarter. Institutional investors and hedge funds own 76.08% of the company’s stock.
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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