Analysts Set Mastercard Inc (NYSE:MA) Price Target at $258.96
Shares of Mastercard Inc (NYSE:MA) have received an average rating of “Buy” from the twenty-six brokerages that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $263.26.
Several equities analysts have recently commented on the stock. Zacks Investment Research cut shares of HEXO from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. Deutsche Bank set a $81.00 price target on shares of Franco Nevada and gave the stock a “hold” rating in a research report on Thursday, July 11th. UBS Group increased their price target on shares of Tableau Software to $134.00 and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. KeyCorp reaffirmed a “buy” rating and set a $158.00 price target on shares of Tableau Software in a research report on Friday, May 3rd. Finally, Wedbush increased their price target on shares of Mastercard from $261.00 to $287.00 and gave the stock an “outperform” rating in a research report on Thursday, June 13th.
In other Mastercard news, major shareholder Foundation Mastercard sold 7,950 shares of the firm’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $275.98, for a total value of $2,194,041.00. Following the transaction, the insider now owns 112,173,812 shares of the company’s stock, valued at $30,957,728,635.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gilberto Caldart sold 46,772 shares of the firm’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $241.06, for a total transaction of $11,274,858.32. Following the completion of the transaction, the insider now directly owns 22,280 shares in the company, valued at approximately $5,370,816.80. The disclosure for this sale can be found here. Insiders sold 382,121 shares of company stock worth $96,460,426 in the last three months. 0.32% of the stock is currently owned by corporate insiders.
Shares of Mastercard stock traded down $1.18 during trading hours on Tuesday, hitting $275.60. 3,047,710 shares of the company’s stock traded hands, compared to its average volume of 2,701,937. The stock has a 50 day moving average of $265.78. 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 stock has a market cap 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 twelve month low of $171.89 and a twelve month high of $280.63.
Mastercard (NYSE:MA) last announced its earnings results on Tuesday, April 30th. The credit services provider reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.66 by $0.12. The company 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 company’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $1.50 earnings per share. As a group, sell-side analysts anticipate that Mastercard will post 7.6 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Shareholders of record on Tuesday, July 9th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a $1.32 dividend on an annualized basis and a yield of 0.48%. Mastercard’s dividend payout ratio is currently 20.34%.
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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