Truist Financial Lowers Mastercard (NYSE:MA) Price Target to $561.00

Mastercard (NYSE:MA) had its price objective reduced by equities research analysts at Truist Financial from $590.00 to $561.00 in a research report issued to clients and investors on Tuesday, Marketbeat reports. The firm presently has a “buy” rating on the credit services provider’s stock. Truist Financial’s price objective suggests a potential upside of 14.38% from the stock’s current price.

MA has been the subject of a number of other research reports. Compass Point upgraded shares of Mastercard from a “neutral” rating to a “buy” rating and raised their price objective for the company from $620.00 to $735.00 in a report on Tuesday, January 13th. The Goldman Sachs Group reiterated a “buy” rating and issued a $739.00 price objective on shares of Mastercard in a report on Thursday, January 29th. JPMorgan Chase & Co. dropped their price objective on shares of Mastercard from $685.00 to $655.00 and set an “overweight” rating for the company in a report on Friday, January 30th. Weiss Ratings lowered shares of Mastercard from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, April 24th. Finally, Cantor Fitzgerald upgraded shares of Mastercard to a “strong-buy” rating in a report on Tuesday, January 27th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $656.00.

Mastercard Trading Down 1.9%

MA opened at $490.48 on Tuesday. The company’s 50 day moving average is $504.57 and its 200-day moving average is $532.45. Mastercard has a 1-year low of $480.50 and a 1-year high of $601.77. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 2.56. The company has a market cap of $433.38 billion, a P/E ratio of 28.38, a PEG ratio of 1.56 and a beta of 0.76.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.41 by $0.19. The business had revenue of $8.40 billion during the quarter, compared to analyst estimates of $8.26 billion. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the business earned $3.73 EPS. Equities research analysts predict that Mastercard will post 19.58 earnings per share for the current fiscal year.

Institutional Trading of Mastercard

Hedge funds have recently modified their holdings of the stock. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Mastercard by 820.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 41 shares in the last quarter. Strive Financial Group LLC bought a new stake in shares of Mastercard in the 4th quarter valued at $27,000. Hyposwiss Advisors SA bought a new stake in shares of Mastercard in the 4th quarter valued at $29,000. Foster Dykema Cabot & Partners LLC increased its stake in shares of Mastercard by 250.0% in the 3rd quarter. Foster Dykema Cabot & Partners LLC now owns 56 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 40 shares in the last quarter. Finally, Tacita Capital Inc increased its stake in shares of Mastercard by 50.0% in the 3rd quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 19 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

More Mastercard News

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard was included in Zacks’ list of transaction stocks to watch, with the note that contactless payments, BNPL, and cross-border payment growth continue to support the industry’s outlook. 5 Financial Transaction Stocks to Watch Amid Digital Advancements
• Positive Sentiment: Amazon launched new business credit cards issued by U.S. Bank on the Mastercard network, which adds another branded-card use case and supports transaction volume for Mastercard. Amazon’s New Prime Business and Amazon Business Credit Cards, Powered by U.S. Bank and Mastercard®, Are Now Available with Enhanced Rewards and Flexible Financing
• Neutral Sentiment: Mastercard appeared in several analyst and market-research items, including a Truist price-target cut to $561 while keeping a buy rating, and other general commentary that did not materially change the company’s operating outlook. Mastercard (NYSE:MA) Price Target Cut to $561.00 by Analysts at Truist Financial
• Negative Sentiment: The biggest drag came from news that the U.S. government opened an inquiry into Brazil’s PIX instant-payments system, raising concerns that low-cost government-backed rails could bypass Mastercard and other card networks and pressure future cross-border transaction growth. U.S. PIX Inquiry Puts Mastercard Growth And Valuation In Focus

About Mastercard

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.