Mastercard (NYSE:MA) Price Target Raised to $300.00

Mastercard (NYSE:MA) had its price objective lifted by Raymond James from $284.00 to $300.00 in a report released on Thursday morning, BenzingaRatingsTable reports. They currently have an outperform rating on the credit services provider’s stock.

Several other equities analysts also recently issued reports on the company. BMO Capital Markets reiterated a hold rating and set a $45.00 price objective on shares of SAP in a research report on Wednesday, May 1st. Wells Fargo & Co boosted their price objective on Apollo Global Management from $38.00 to $42.00 and gave the stock an outperform rating in a research report on Wednesday, July 10th. Barclays boosted their price objective on WEX from $222.00 to $238.00 and gave the stock an overweight rating in a research report on Monday, May 6th. Morgan Stanley boosted their price objective on Visa from $175.00 to $191.00 and gave the stock an overweight rating in a research report on Thursday, July 11th. Finally, Citigroup boosted their price objective on Martin Marietta Materials from $239.00 to $255.00 and gave the stock a buy rating in a research report on Wednesday, May 1st. Two equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Buy and an average price target of $263.26.

Shares of NYSE MA opened at $275.60 on Thursday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.41 and a current ratio of 1.40. The business’s 50 day simple moving average is $265.78. The firm has a market capitalization of $281.53 billion, a P/E ratio of 42.47, a PEG ratio of 2.16 and a beta of 1.07. Mastercard has a 12-month low of $171.89 and a 12-month high of $280.63.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.12. The business had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.86 billion. Mastercard had a return on equity of 129.95% and a net margin of 40.82%. The business’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.50 earnings per share. As a group, equities research analysts forecast that Mastercard will post 7.6 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be issued a dividend of $0.33 per share. The ex-dividend date is Monday, July 8th. This represents a $1.32 annualized dividend and a yield of 0.48%. Mastercard’s payout ratio is 20.34%.

In other Mastercard news, insider Michael Miebach sold 2,711 shares of the company’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $245.00, for a total value of $664,195.00. Following the transaction, the insider now owns 20,492 shares of the company’s stock, valued at $5,020,540. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ajay Banga sold 252,600 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $250.92, for a total value of $63,382,392.00. Following the completion of the transaction, the chief executive officer now directly owns 427,638 shares in the company, valued at approximately $107,302,926.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 335,349 shares of company stock worth $85,185,568. 0.32% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Valley National Advisers Inc. grew its holdings in shares of Mastercard by 210.9% during the 4th quarter. Valley National Advisers Inc. now owns 143 shares of the credit services provider’s stock valued at $27,000 after acquiring an additional 97 shares in the last quarter. Brandywine Global Investment Management LLC purchased a new position in shares of Mastercard during the 4th quarter valued at $30,000. Ellis Investment Partners LLC purchased a new position in shares of Mastercard during the 1st quarter valued at $30,000. Evolution Wealth Advisors LLC purchased a new position in shares of Mastercard during the 2nd quarter valued at $31,000. Finally, Delphi Private Advisors LLC purchased a new position in shares of Mastercard during the 2nd quarter valued at $31,000. 74.32% of the stock is currently owned by institutional investors.

About Mastercard

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.

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Analyst Recommendations for Mastercard (NYSE:MA)

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