MasterCard (NYSE:MA)‘s stock had its “neutral” rating restated by Zacks in a research report issued on Tuesday, Stock Ratings Network reports. They currently have a $797.00 target price on the stock. Zacks‘ target price would indicate a potential upside of 5.03% from the stock’s previous close.
MasterCard (NYSE:MA) traded up 0.77% on Tuesday, hitting $764.74. 298,853 shares of the company’s stock traded hands. MasterCard has a 1-year low of $479.15 and a 1-year high of $766.48. The stock’s 50-day moving average is $740. and its 200-day moving average is $651.3. The company has a market cap of $92.057 billion and a P/E ratio of 30.02.
MasterCard (NYSE:MA) last posted its quarterly earnings results on Thursday, October 31st. The company reported $7.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $6.92 by $0.35. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter last year, the company posted $6.17 earnings per share. MasterCard’s revenue was up 15.6% compared to the same quarter last year. Analysts expect that MasterCard will post $26.42 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on MA. Analysts at Nomura reiterated a “buy” rating on shares of MasterCard in a research note to investors on Monday. They now have a $790.00 price target on the stock, down previously from $935.00. Separately, analysts at TheStreet reiterated a “buy” rating on shares of MasterCard in a research note to investors on Friday. Finally, analysts at TheStreet reiterated a “positive” rating on shares of MasterCard in a research note to investors on Monday, November 25th. Twelve investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $723.52.
MasterCard Incorporated (NYSE:MA) is a global payments and technology company that connects consumers, financial institutions, merchants, Governments and businesses worldwide, enabling them to use electronic forms of payment instead of cash and checks.
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