Mastercard (NYSE:MA) PT Raised to $324.00

Mastercard (NYSE:MA) had its target price hoisted by equities researchers at Nomura from $282.00 to $324.00 in a research report issued on Wednesday, BenzingaRatingsTable reports. The brokerage currently has a “buy” rating on the credit services provider’s stock. Nomura’s target price would indicate a potential upside of 17.00% from the stock’s previous close.

A number of other analysts have also recently commented on MA. UBS Group upped their price target on shares of Tableau Software to $134.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Oppenheimer set a $119.00 price target on shares of American Express and gave the company a “buy” rating in a research note on Wednesday, April 17th. Barclays set a $89.00 price target on shares of Franco Nevada and gave the company a “hold” rating in a research note on Friday, July 19th. Wells Fargo & Co upped their price target on shares of Apollo Global Management from $38.00 to $42.00 and gave the company an “outperform” rating in a research note on Wednesday, July 10th. Finally, KeyCorp reiterated a “buy” rating and issued a $158.00 target price on shares of Tableau Software in a research note on Friday, May 3rd. Two analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $282.00.

Shares of MA stock traded down $1.24 during trading on Wednesday, reaching $276.92. 742,295 shares of the company’s stock traded hands, compared to its average volume of 2,454,807. The company has a market capitalization of $288.14 billion, a P/E ratio of 42.67, a P/E/G ratio of 2.21 and a beta of 1.08. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.40 and a quick ratio of 1.41. The stock has a 50-day moving average price of $270.82. Mastercard has a 1 year low of $171.89 and a 1 year high of $283.33.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.89 EPS for the quarter, beating the Zacks’ consensus estimate of $1.82 by $0.07. The company had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Mastercard had a net margin of 40.82% and a return on equity of 129.95%. Mastercard’s revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.66 EPS. Equities research analysts forecast that Mastercard will post 7.6 EPS for the current year.

In other news, major shareholder Foundation Mastercard sold 7,950 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $281.12, for a total transaction of $2,234,904.00. Following the sale, the insider now owns 112,126,112 shares in the company, valued at approximately $31,520,892,605.44. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director David R. Carlucci sold 3,974 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $262.51, for a total transaction of $1,043,214.74. Following the sale, the director now owns 54,438 shares in the company, valued at approximately $14,290,519.38. The disclosure for this sale can be found here. Insiders sold a total of 103,888 shares of company stock worth $27,784,466 over the last quarter. Corporate insiders own 3.70% of the company’s stock.

Several institutional investors have recently bought and sold shares of MA. Dimensional Fund Advisors LP raised its position in shares of Mastercard by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,964,021 shares of the credit services provider’s stock valued at $559,150,000 after buying an additional 42,640 shares in the last quarter. Geode Capital Management LLC grew its holdings in Mastercard by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 12,431,997 shares of the credit services provider’s stock worth $2,341,383,000 after acquiring an additional 416,095 shares in the last quarter. Shellback Capital LP bought a new position in Mastercard during the 4th quarter worth about $12,417,000. Stamos Capital Partners L.P. bought a new position in Mastercard during the 4th quarter worth about $2,509,000. Finally, ERTS Wealth Advisors LLC bought a new position in Mastercard during the 4th quarter worth about $795,000. Hedge funds and other institutional investors own 74.41% 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.

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Analyst Recommendations for Mastercard (NYSE:MA)

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