Mastercard Incorporated (NYSE:MA) Receives $656.00 Consensus PT from Brokerages

Mastercard Incorporated (NYSE:MAGet Free Report) has earned a consensus rating of “Buy” from the twenty-nine research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, twenty-one have given a buy rating and six have assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $656.00.

A number of equities analysts recently issued reports on MA shares. Bank of America started coverage on shares of Mastercard in a research note on Thursday, March 5th. They issued a “buy” rating and a $700.00 price target on the stock. Evercore reiterated a “negative” rating on shares of Mastercard in a research note on Tuesday, March 17th. Truist Financial dropped their price target on shares of Mastercard from $590.00 to $561.00 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. TD Cowen reiterated a “buy” rating on shares of Mastercard in a research note on Tuesday, March 17th. Finally, Wells Fargo & Company upped their price target on shares of Mastercard from $660.00 to $668.00 and gave the stock an “overweight” rating in a research note on Thursday, January 29th.

Check Out Our Latest Stock Analysis on Mastercard

Hedge Funds Weigh In On Mastercard

Hedge funds have recently bought and sold shares of the business. E Fund Management Hong Kong Co. Ltd. raised its position in Mastercard by 820.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock worth $26,000 after buying an additional 41 shares during the last quarter. Strive Financial Group LLC purchased a new position in Mastercard in the 4th quarter worth about $27,000. Hyposwiss Advisors SA purchased a new position in Mastercard in the 4th quarter worth about $29,000. First Pacific Financial raised its position in Mastercard by 113.8% in the 1st quarter. First Pacific Financial now owns 62 shares of the credit services provider’s stock worth $31,000 after buying an additional 33 shares during the last quarter. Finally, Tacita Capital Inc raised its position in Mastercard by 50.0% in the 3rd quarter. Tacita Capital Inc now owns 57 shares of the credit services provider’s stock worth $32,000 after buying an additional 19 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

More Mastercard News

Here are the key news stories impacting Mastercard this week:

Mastercard Stock Performance

Shares of Mastercard stock opened at $498.24 on Wednesday. The stock has a market cap of $440.24 billion, a price-to-earnings ratio of 28.83, a PEG ratio of 1.56 and a beta of 0.76. The firm’s 50-day moving average is $501.67 and its 200 day moving average is $529.42. Mastercard has a 1 year low of $480.50 and a 1 year high of $601.77. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98.

Mastercard (NYSE:MAGet Free Report) last announced its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.41 by $0.19. The company had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.26 billion. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. Mastercard’s revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.73 EPS. Sell-side analysts anticipate that Mastercard will post 19.6 EPS for the current fiscal year.

Mastercard Company Profile

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Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.

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