MasterCard (NYSE:MA)‘s stock had its “buy” rating restated by analysts at TheStreet in a research report issued to clients and investors on Monday, Analyst Ratings Network reports.
The analysts wrote, “MasterCard Incorporated (MA) has been reiterated by TheStreet Ratings as a buy with a ratings score of A+. The company’s strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.”
A number of other firms have also recently commented on MA. Analysts at SunTrust raised their price target on shares of MasterCard from $620.00 to $735.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of MasterCard from $608.00 to $707.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Finally, analysts at Janney Montgomery Scott raised their price target on shares of MasterCard from $475.00 to $525.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock.
Nine investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. MasterCard has an average rating of “Buy” and a consensus target price of $638.46.
Shares of MasterCard (NYSE:MA) traded down 0.48% during mid-day trading on Monday, hitting $642.45. MasterCard has a 52 week low of $413.18 and a 52 week high of $649.65. The stock’s 50-day moving average is currently $591.1. The company has a market cap of $77.684 billion and a P/E ratio of 26.68.
MasterCard (NYSE:MA) last released its 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 prior year, the company posted $5.65 earnings per share. The company’s quarterly revenue was up 15.2% on a year-over-year basis. On average, analysts predict that MasterCard will post $26.07 earnings per share for the current fiscal year.
In other MasterCard news, major shareholder Foundation Mastercard unloaded 6,411 shares of MasterCard stock in a transaction that occured on Thursday, August 1st. The shares were sold at an average price of $618.52, for a total value of $3,965,331.72. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
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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