Mastercard (NYSE:MA) had its price target hoisted by Morgan Stanley from $291.00 to $315.00 in a research report sent to investors on Monday morning, 24/7 WallStreet reports. The brokerage currently has an overweight rating on the credit services provider’s stock.
Several other research firms have also commented on MA. Citigroup upped their target price on Mastercard from $288.00 to $317.00 and gave the company a buy rating in a report on Monday, September 9th. Nomura upped their target price on Mastercard from $282.00 to $324.00 and gave the company a buy rating in a report on Wednesday, July 31st. Deutsche Bank upped their target price on Mastercard from $267.00 to $330.00 and gave the company a buy rating in a report on Thursday, July 11th. Goldman Sachs Group reaffirmed a buy rating on shares of Mastercard in a report on Tuesday, September 3rd. Finally, Argus upped their target price on Mastercard to $320.00 and gave the company an average rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $298.10.
NYSE:MA opened at $275.10 on Monday. The firm has a market capitalization of $280.34 billion, a PE ratio of 42.39, a price-to-earnings-growth ratio of 2.18 and a beta of 1.08. The stock has a 50 day moving average of $276.28 and a 200-day moving average of $257.42. Mastercard has a 52 week low of $171.89 and a 52 week high of $293.69. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 1.55.
Mastercard (NYSE:MA) last posted its earnings results on Tuesday, July 30th. The credit services provider reported $1.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.82 by $0.07. The company had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.08 billion. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The business’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.66 earnings per share. As a group, analysts predict that Mastercard will post 7.61 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Wednesday, October 9th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $1.32 annualized dividend and a dividend yield of 0.48%. Mastercard’s dividend payout ratio is presently 20.34%.
In other news, Director Lance Darrell Gordon Uggla bought 1,500 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was purchased at an average cost of $275.71 per share, for a total transaction of $413,565.00. Following the completion of the transaction, the director now directly owns 3,691 shares of the company’s stock, valued at approximately $1,017,645.61. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Craig Vosburg sold 8,314 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $266.03, for a total value of $2,211,773.42. Following the completion of the sale, the insider now owns 33,047 shares of the company’s stock, valued at $8,791,493.41. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 148,457 shares of company stock valued at $40,747,113. Insiders own 3.70% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MA. Joseph P. Lucia & Associates LLC bought a new position in shares of Mastercard in the second quarter valued at $26,000. Ellevest Inc. increased its holdings in shares of Mastercard by 52.8% in the second quarter. Ellevest Inc. now owns 110 shares of the credit services provider’s stock valued at $29,000 after buying an additional 38 shares in the last quarter. Delphi Private Advisors LLC bought a new position in shares of Mastercard in the second quarter valued at $31,000. Evolution Wealth Advisors LLC bought a new position in shares of Mastercard in the second quarter valued at $31,000. Finally, Princeton Global Asset Management LLC bought a new position in shares of Mastercard in the second quarter valued at $33,000. Hedge funds and other institutional investors own 74.25% of the company’s stock.
Mastercard Company Profile
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
Further Reading: Limitations of the P/E Growth ratio
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