Mastercard (NYSE:MA) PT Raised to $410.00 at Robert W. Baird

Mastercard (NYSE:MA – Get Rating) had its target price hoisted by stock analysts at Robert W. Baird from $370.00 to $410.00 in a research report issued on Monday, Benzinga reports. The firm presently has an “outperform” rating on the credit services provider’s stock. Robert W. Baird’s target price would indicate a potential upside of 7.89% from the stock’s previous close.

Other research analysts have also issued reports about the company. Citigroup reduced their price target on Mastercard from $415.00 to $400.00 in a research report on Friday, October 28th. Redburn Partners started coverage on Mastercard in a research report on Tuesday, November 29th. They issued a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft dropped their target price on Mastercard from $440.00 to $375.00 and set a “buy” rating on the stock in a research note on Thursday, October 13th. Jefferies Financial Group boosted their target price on Mastercard from $370.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, January 18th. Finally, Royal Bank of Canada dropped their target price on Mastercard from $400.00 to $392.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $406.73.

Mastercard Stock Up 0.4 %

MA stock opened at $380.01 on Monday. Mastercard has a fifty-two week low of $276.87 and a fifty-two week high of $399.92. The business’s 50-day moving average is $354.99 and its two-hundred day moving average is $335.42. The company has a debt-to-equity ratio of 2.11, a quick ratio of 1.25 and a current ratio of 1.25. The company has a market cap of $365.36 billion, a price-to-earnings ratio of 37.96, a P/E/G ratio of 1.69 and a beta of 1.10.

Mastercard (NYSE:MA – Get Rating) last released its quarterly earnings results on Thursday, October 27th. The credit services provider reported $2.68 earnings per share for the quarter, beating the consensus estimate of $2.57 by $0.11. The business had revenue of $5.76 billion during the quarter, compared to analysts’ expectations of $5.66 billion. Mastercard had a return on equity of 148.94% and a net margin of 45.22%. As a group, analysts forecast that Mastercard will post 10.56 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Linda Pistecchia Kirkpatrick sold 7,064 shares of the stock in a transaction on Friday, October 28th. The stock was sold at an average price of $320.00, for a total value of $2,260,480.00. Following the sale, the insider now directly owns 11,207 shares in the company, valued at $3,586,240. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Mastercard news, insider Linda Pistecchia Kirkpatrick sold 7,064 shares of the firm’s stock in a transaction dated Friday, October 28th. The stock was sold at an average price of $320.00, for a total transaction of $2,260,480.00. Following the transaction, the insider now owns 11,207 shares of the company’s stock, valued at $3,586,240. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Craig Vosburg sold 6,333 shares of the firm’s stock in a transaction dated Thursday, January 12th. The stock was sold at an average price of $380.05, for a total value of $2,406,856.65. Following the transaction, the insider now directly owns 41,314 shares in the company, valued at approximately $15,701,385.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 367,819 shares of company stock worth $117,733,271. Company insiders own 0.29% of the company’s stock.

Hedge Funds Weigh In On Mastercard

A number of hedge funds and other institutional investors have recently made changes to their positions in MA. Coston McIsaac & Partners purchased a new position in shares of Mastercard during the second quarter worth about $25,000. Global Wealth Strategies & Associates purchased a new position in shares of Mastercard during the fourth quarter worth about $25,000. EWG Elevate Inc. purchased a new position in shares of Mastercard during the fourth quarter worth about $27,000. Legend Financial Advisors Inc. purchased a new stake in Mastercard in the 3rd quarter valued at approximately $28,000. Finally, My Personal CFO LLC purchased a new stake in Mastercard in the 4th quarter valued at approximately $29,000. Hedge funds and other institutional investors own 74.51% of the company’s stock.

Mastercard Company Profile

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Mastercard, Inc operates as a technology company. The firm engages in the payments industry that connects consumers, financial institutions, merchants, governments and business. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial and payment programs.