UBS AG upgraded shares of MasterCard (NYSE: MA) from a sell rating to a neutral rating in a research note issued to investors on Thursday. The firm currently has $519.00 target price on the stock, up from their previous target price of $425.00.
MasterCard traded down 1.00% on Thursday, hitting $518.61. MasterCard has a 52-week low of $389.90 and a 52-week high of $535.35. The stock’s 50-day moving average is currently $520.5. The company has a market cap of $63.670 billion and a price-to-earnings ratio of 23.88.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, May 9th. Stockholders of record on Tuesday, April 9th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Friday, April 5th. This is a boost from MasterCard’s previous quarterly dividend of $0.30.
A number of other firms have also recently commented on MA. Analysts at Zacks reiterated a neutral rating on shares of MasterCard in a research note to investors on Friday, February 1st. They now have a $544.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of MasterCard from $550.00 to $608.00 in a research note to investors on Friday, February 1st. They now have an outperform rating on the stock. Finally, analysts at Wells Fargo downgraded shares of MasterCard from an outperform rating to a market perform rating in a research note to investors on Friday, February 1st. They noted that the move was a valuation call.
Twenty-five equities research analysts have rated the stock with a buy rating, two have given an overweight rating, and nine have given a hold rating to the company’s stock. The stock presently has a consensus rating of overweight and an average price target of $579.58.
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