Mastercard (NYSE:MA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Thursday. The firm currently has a $193.00 price objective on the credit services provider’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 13.73% from the stock’s previous close.
According to Zacks, “Mastercard’s stock has outperformed the industry in a year's time. The company is well positioned for growth, given its solid market position, ongoing expansion and digital initiatives, and significant opportunities from the secular shift toward electronic payments. The acquisitions of VocaLink and NuData Security complement the company’s efforts to participate in new payment flows and enhance its safety and security offerings. The stock has seen the Zacks Consensus Estimate for current-year earnings being revised upward over the last 60 days. It, however, continues to face increasing costs. Also, higher incentives and rewards will put pressure on the bottom line.”
A number of other equities research analysts have also issued reports on the stock. Mizuho upgraded shares of Mastercard from a “neutral” rating to a “buy” rating in a report on Thursday, January 4th. Royal Bank of Canada lowered shares of Mastercard from a “top pick” rating to an “outperform” rating and set a $130.00 target price on the stock. in a report on Thursday, January 4th. Sanford C. Bernstein reiterated a “buy” rating and set a $180.00 target price (up from $166.00) on shares of Mastercard in a report on Monday, December 11th. Vetr lowered shares of Mastercard from a “buy” rating to a “hold” rating and set a $158.61 target price on the stock. in a report on Monday, December 18th. Finally, Barclays restated a “buy” rating and issued a $170.00 price objective on shares of Mastercard in a report on Friday, January 5th. Two investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $179.52.
Mastercard stock opened at $169.70 on Thursday. The company has a market cap of $182,614.89, a price-to-earnings ratio of 37.05, a price-to-earnings-growth ratio of 1.60 and a beta of 1.16. Mastercard has a 52-week low of $111.01 and a 52-week high of $183.73. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.99.
Mastercard (NYSE:MA) last released its earnings results on Thursday, February 1st. The credit services provider reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.02. The company had revenue of $3.31 billion for the quarter, compared to analyst estimates of $3.25 billion. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The firm’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.86 EPS. equities analysts expect that Mastercard will post 5.93 earnings per share for the current fiscal year.
In other Mastercard news, Director David R. Carlucci sold 5,950 shares of the firm’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $183.10, for a total transaction of $1,089,445.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Richard Haythornthwaite sold 5,000 shares of the firm’s stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $173.22, for a total transaction of $866,100.00. The disclosure for this sale can be found here. Insiders sold a total of 41,578 shares of company stock worth $7,482,061 over the last ninety days. Insiders own 0.30% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Keel Point LLC grew its position in Mastercard by 7.0% during the 2nd quarter. Keel Point LLC now owns 3,577 shares of the credit services provider’s stock worth $434,000 after purchasing an additional 233 shares during the last quarter. Brighton Jones LLC grew its position in Mastercard by 17.7% during the 4th quarter. Brighton Jones LLC now owns 1,972 shares of the credit services provider’s stock worth $298,000 after purchasing an additional 297 shares during the last quarter. Wetherby Asset Management Inc. grew its position in Mastercard by 2.0% during the 4th quarter. Wetherby Asset Management Inc. now owns 16,112 shares of the credit services provider’s stock worth $2,439,000 after purchasing an additional 320 shares during the last quarter. Quadrant Capital Group LLC grew its position in Mastercard by 21.1% during the 4th quarter. Quadrant Capital Group LLC now owns 1,845 shares of the credit services provider’s stock worth $268,000 after purchasing an additional 322 shares during the last quarter. Finally, HPM Partners LLC grew its position in Mastercard by 2.3% during the 4th quarter. HPM Partners LLC now owns 14,348 shares of the credit services provider’s stock worth $2,172,000 after purchasing an additional 323 shares during the last quarter. 76.09% of the stock is currently owned by institutional investors.
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Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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