Mastercard (NYSE:MA) was upgraded by research analysts at Vetr from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The firm currently has a $182.50 price objective on the credit services provider’s stock. Vetr‘s price objective points to a potential upside of 5.52% from the company’s previous close.
Several other analysts also recently commented on the stock. Barclays raised their price objective on shares of Mastercard from $170.00 to $178.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. Argus upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $200.00 price objective on the stock in a research report on Friday, February 2nd. KeyCorp raised their price objective on shares of Mastercard from $170.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Zacks Investment Research downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Sanford C. Bernstein restated a “buy” rating and set a $180.00 price objective (up from $166.00) on shares of Mastercard in a research report on Monday, December 11th. Two equities research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the stock. Mastercard presently has an average rating of “Buy” and a consensus target price of $177.40.
Mastercard (NYSE:MA) opened at $172.95 on Wednesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.57 and a quick ratio of 1.57. Mastercard has a 52-week low of $109.60 and a 52-week high of $177.11. The firm has a market cap of $183,100.00, a P/E ratio of 38.69, a price-to-earnings-growth ratio of 1.63 and a beta of 1.26.
Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, February 1st. The credit services provider reported $1.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.02. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The business had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same period last year, the firm earned $0.86 earnings per share. The company’s quarterly revenue was up 20.2% on a year-over-year basis. sell-side analysts predict that Mastercard will post 5.88 EPS for the current fiscal year.
Mastercard declared that its board has authorized a stock buyback plan on Monday, December 4th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the credit services provider to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
In related news, insider Edward Grunde Mclaughlin sold 17,167 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $151.81, for a total transaction of $2,606,122.27. Following the completion of the transaction, the insider now directly owns 47,901 shares of the company’s stock, valued at $7,271,850.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.30% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Mastercard by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 65,297,307 shares of the credit services provider’s stock worth $7,930,357,000 after buying an additional 1,490,267 shares in the last quarter. BlackRock Inc. grew its stake in shares of Mastercard by 3.3% in the 4th quarter. BlackRock Inc. now owns 63,345,804 shares of the credit services provider’s stock worth $9,588,019,000 after buying an additional 2,000,290 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Mastercard by 784.3% in the 2nd quarter. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider’s stock worth $2,048,899,000 after buying an additional 14,962,583 shares in the last quarter. Jennison Associates LLC grew its stake in shares of Mastercard by 0.5% in the 4th quarter. Jennison Associates LLC now owns 15,246,959 shares of the credit services provider’s stock worth $2,307,780,000 after buying an additional 82,024 shares in the last quarter. Finally, Capital Research Global Investors grew its stake in shares of Mastercard by 15.8% in the 2nd quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock worth $1,540,665,000 after buying an additional 1,729,179 shares in the last quarter. 75.51% of the stock is owned by institutional investors.
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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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