Mastercard (MA) Price Target Increased to $205.00 by Analysts at Wells Fargo

Mastercard (NYSE:MA) had its price objective raised by Wells Fargo from $195.00 to $205.00 in a research note issued to investors on Thursday morning. The brokerage currently has an outperform rating on the credit services provider’s stock.

Several other research analysts have also recently issued reports on MA. Vetr raised shares of Mastercard from a buy rating to a strong-buy rating and set a $192.25 price target for the company in a report on Wednesday, March 28th. Sanford C. Bernstein assumed coverage on shares of Mastercard in a report on Tuesday, March 27th. They set an outperform rating and a $207.00 price target for the company. Sandler O’Neill raised shares of Mastercard from a sell rating to a hold rating in a report on Thursday, February 1st. Piper Jaffray increased their price target on shares of Mastercard from $208.00 to $212.00 and gave the stock an overweight rating in a report on Friday, February 2nd. Finally, Cantor Fitzgerald increased their price target on shares of Mastercard to $198.00 and gave the stock an overweight rating in a report on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Mastercard currently has a consensus rating of Buy and a consensus price target of $179.46.

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Shares of NYSE:MA opened at $175.16 on Thursday. Mastercard has a one year low of $111.01 and a one year high of $183.73. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market capitalization of $184,160.44, a PE ratio of 38.24, a price-to-earnings-growth ratio of 1.61 and a beta of 1.17.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, February 1st. The credit services provider reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.02. Mastercard had a net margin of 31.33% and a return on equity of 83.57%. The business had revenue of $3.31 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same period in the prior year, the company earned $0.86 earnings per share. The business’s revenue was up 20.2% compared to the same quarter last year. sell-side analysts predict that Mastercard will post 5.93 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Monday, April 9th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, April 6th. This represents a $1.00 annualized dividend and a yield of 0.57%. Mastercard’s payout ratio is currently 21.83%.

Mastercard announced that its board has approved a stock repurchase plan on Monday, December 4th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

In other news, insider Edward Grunde Mclaughlin sold 17,167 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $151.81, for a total value of $2,606,122.27. Following the sale, the insider now directly owns 47,901 shares in the company, valued at $7,271,850.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Timothy H. Murphy sold 30,628 shares of the stock in a transaction that occurred on Monday, March 19th. The shares were sold at an average price of $180.44, for a total transaction of $5,526,516.32. Following the completion of the sale, the general counsel now owns 59,907 shares in the company, valued at $10,809,619.08. The disclosure for this sale can be found here. Insiders sold 53,745 shares of company stock worth $9,222,084 over the last quarter. Company insiders own 0.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in MA. Community Bank N.A. boosted its position in Mastercard by 119.7% during the fourth quarter. Community Bank N.A. now owns 670 shares of the credit services provider’s stock worth $101,000 after acquiring an additional 365 shares during the last quarter. Massey Quick Simon & CO. LLC acquired a new stake in Mastercard during the third quarter worth approximately $102,000. Pin Oak Investment Advisors Inc. acquired a new stake in Mastercard during the fourth quarter worth approximately $103,000. Wealthcare Advisory Partners LLC acquired a new stake in Mastercard during the third quarter worth approximately $106,000. Finally, Trustcore Financial Services LLC acquired a new stake in Mastercard during the fourth quarter worth approximately $120,000. Institutional investors and hedge funds own 76.09% of the company’s stock.

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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.

Analyst Recommendations for Mastercard (NYSE:MA)

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