Mastercard (MA) Rating Reiterated by Robert W. Baird
Mastercard (NYSE:MA)‘s stock had its “outperform” rating restated by equities research analysts at Robert W. Baird in a research report issued to clients and investors on Friday, The Fly reports. They presently have a $182.00 target price on the credit services provider’s stock, up from their prior target price of $170.00. Robert W. Baird’s target price suggests a potential upside of 9.98% from the company’s previous close.
MA has been the topic of several other research reports. Citigroup upped their price objective on Mastercard from $157.00 to $167.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. Piper Jaffray Companies restated a “buy” rating and set a $161.00 price objective on shares of Mastercard in a research note on Friday, October 13th. Stephens initiated coverage on Mastercard in a research note on Friday, October 13th. They set an “overweight” rating and a $166.00 price objective on the stock. Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $170.00 price objective on the stock in a research note on Tuesday, January 2nd. Finally, Credit Suisse Group restated a “hold” rating and set a $164.00 price objective on shares of Mastercard in a research note on Monday, January 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $162.22.
Mastercard (NYSE:MA) opened at $165.48 on Friday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.83. Mastercard has a one year low of $104.01 and a one year high of $165.98. The company has a market capitalization of $175,190.00, a PE ratio of 38.57, a P/E/G ratio of 1.85 and a beta of 1.21.
Mastercard (NYSE:MA) last released its quarterly earnings results on Tuesday, October 31st. The credit services provider reported $1.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.11. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The business had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter in the previous year, the firm posted $1.08 earnings per share. The company’s revenue was up 18.1% compared to the same quarter last year. analysts forecast that Mastercard will post 4.55 EPS for the current year.
Mastercard declared that its Board of Directors has initiated a share repurchase program on Monday, December 4th that allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows the credit services provider to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
In related news, insider Edward Grunde Mclaughlin sold 17,167 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $151.81, for a total value of $2,606,122.27. Following the completion of the transaction, the insider now directly owns 47,901 shares of the company’s stock, valued at approximately $7,271,850.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.30% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Janus Henderson Group PLC boosted its stake in Mastercard by 784.3% during the 2nd quarter. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider’s stock valued at $2,048,899,000 after purchasing an additional 14,962,583 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Mastercard by 289.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,570,551 shares of the credit services provider’s stock valued at $433,643,000 after purchasing an additional 2,654,308 shares in the last quarter. Harding Loevner LP boosted its stake in Mastercard by 170.7% during the 3rd quarter. Harding Loevner LP now owns 3,447,079 shares of the credit services provider’s stock valued at $194,599,000 after purchasing an additional 2,173,507 shares in the last quarter. Capital Research Global Investors boosted its stake in Mastercard by 15.8% during the 2nd quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock valued at $1,540,665,000 after purchasing an additional 1,729,179 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Mastercard by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 65,297,307 shares of the credit services provider’s stock valued at $7,930,357,000 after purchasing an additional 1,490,267 shares in the last quarter. 75.61% of the stock is owned by institutional investors and hedge funds.
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Mastercard Company Profile
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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