MasterCard (NYSE:MA)‘s stock had its “outperform” rating reaffirmed by equities researchers at Oppenheimer in a research report issued on Thursday, Analyst Ratings.Net reports. They currently have a $675.00 price objective on the stock, up from their previous price objective of $640.00. Oppenheimer’s target price indicates a potential upside of 2.51% from the stock’s previous close.
The analysts wrote, “At its Investor Day, MA reiterated its primary growth strategies and affirmed its long-term outlook for 2013-2015. MA anticipates an 11-14% constant currency (CC) revenue CAGR through 2015, and a CC EPS CAGR of 20%+. To date, results are tracking toward expectations with FY13 results expected toward the low end of the three-year range. MA anticipates FY14/15 to accelerate as the macro environment gradually improves. MA provided encouraging intra-quarter trends through August and experienced modest, albeit broad-based, acceleration relative to July. MA sees modest improvement in domestic consumer credit while commercial credit, domestic debit and rest-of-world volumes remain solid. We tweak estimates higher to reflect intra-quarter trends, maintain Outperform rating and raise our PT to $675 (from $640).”
Shares of MasterCard (NYSE:MA) traded up 1.79% during mid-day trading on Thursday, hitting $670.24. The stock had a trading volume of 346,524 shares. MasterCard has a one year low of $445.77 and a one year high of $663.23. The stock’s 50-day moving average is $624.8 and its 200-day moving average is $571.6. The company has a market cap of $80.847 billion and a P/E ratio of 27.21.
MasterCard (NYSE:MA) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $6.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.29 by $0.67. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.00 billion. During the same quarter in the previous year, the company posted $5.65 earnings per share. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. Analysts expect that MasterCard will post $26.08 EPS for the current fiscal year.
MA has been the subject of a number of other recent research reports. Analysts at Jefferies Group raised their price target on shares of MasterCard (NYSE:MA) from $683.00 to $758.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at FBR Capital Markets reiterated an “outperform” rating on shares of MasterCard (NYSE:MA) in a research note to investors on Thursday. They now have a $690.00 price target on the stock, up previously from $640.00. Finally, analysts at TheStreet reiterated a “buy” rating on shares of MasterCard (NYSE:MA) in a research note to investors on Friday, September 6th.
Nine analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $647.42.
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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