Mastercard (NYSE:MA) had its price target boosted by equities researchers at Oppenheimer from $221.00 to $242.00 in a research note issued on Monday, February 4th, The Fly reports. The brokerage presently has an “outperform” rating on the credit services provider’s stock. Oppenheimer’s price objective would suggest a potential upside of 6.49% from the company’s current price. Oppenheimer also issued estimates for Mastercard’s Q1 2019 earnings at $1.70 EPS, Q1 2020 earnings at $2.08 EPS, Q2 2020 earnings at $2.26 EPS, Q3 2020 earnings at $2.43 EPS and Q4 2020 earnings at $2.39 EPS.
A number of other equities research analysts also recently weighed in on MA. Zacks Investment Research downgraded Mastercard from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. Credit Suisse Group reaffirmed a “buy” rating and set a $217.00 price target on shares of Mastercard in a research note on Monday, January 7th. Finally, Barclays assumed coverage on Mastercard in a research note on Wednesday, November 14th. They set an “overweight” rating and a $240.00 price target for the company. Three investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the stock. Mastercard currently has a consensus rating of “Buy” and an average target price of $226.45.
Shares of MA traded up $2.48 during midday trading on Monday, reaching $227.25. 3,001,397 shares of the stock were exchanged, compared to its average volume of 3,707,723. Mastercard has a 12-month low of $167.94 and a 12-month high of $228.15. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.39 and a quick ratio of 1.39. The company has a market capitalization of $229.11 billion, a PE ratio of 35.02, a price-to-earnings-growth ratio of 1.78 and a beta of 1.11.
Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, January 31st. The credit services provider reported $1.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.03. Mastercard had a return on equity of 122.25% and a net margin of 39.19%. The company had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.79 billion. On average, equities research analysts expect that Mastercard will post 7.55 earnings per share for the current fiscal year.
Mastercard declared that its Board of Directors has approved a stock buyback program on Tuesday, December 4th that allows the company to repurchase $6.50 billion in outstanding shares. This repurchase authorization allows the credit services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.
In other Mastercard news, Director Richard Haythornthwaite sold 5,000 shares of Mastercard stock in a transaction that occurred on Monday, December 17th. The stock was sold at an average price of $192.00, for a total value of $960,000.00. Following the transaction, the director now directly owns 40,183 shares of the company’s stock, valued at approximately $7,715,136. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Edward Grunde Mclaughlin sold 20,269 shares of Mastercard stock in a transaction that occurred on Tuesday, January 22nd. The stock was sold at an average price of $199.53, for a total value of $4,044,273.57. Following the completion of the transaction, the insider now directly owns 37,374 shares in the company, valued at $7,457,234.22. The disclosure for this sale can be found here. Insiders own 0.32% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC grew its holdings in shares of Mastercard by 6.0% during the 2nd quarter. FMR LLC now owns 39,120,141 shares of the credit services provider’s stock worth $7,687,891,000 after purchasing an additional 2,229,947 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Mastercard by 12.0% in the 2nd quarter. Advisors Asset Management Inc. now owns 170,285 shares of the credit services provider’s stock valued at $33,464,000 after buying an additional 18,194 shares in the last quarter. Ibex Wealth Advisors boosted its stake in Mastercard by 2.1% in the 3rd quarter. Ibex Wealth Advisors now owns 24,452 shares of the credit services provider’s stock valued at $5,471,000 after buying an additional 503 shares in the last quarter. One Capital Management LLC acquired a new stake in Mastercard in the 3rd quarter valued at $226,000. Finally, Private Trust Co. NA boosted its stake in Mastercard by 10.3% in the 3rd quarter. Private Trust Co. NA now owns 17,747 shares of the credit services provider’s stock valued at $3,950,000 after buying an additional 1,654 shares in the last quarter. 74.31% of the stock is currently owned by institutional investors.
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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