Mastercard (NYSE:MA) had its target price raised by SunTrust Banks from $310.00 to $325.00 in a research report sent to investors on Friday morning, BenzingaRatingsTable reports. SunTrust Banks currently has a buy rating on the credit services provider’s stock.

Several other equities analysts have also recently weighed in on the company. Argus lifted their price objective on Mastercard to $320.00 and gave the company an average rating in a report on Wednesday, July 31st. UBS Group lifted their price objective on Mastercard from $300.00 to $312.00 and gave the company a buy rating in a report on Thursday, August 1st. Royal Bank of Canada set a $315.00 price objective on Mastercard and gave the company a buy rating in a report on Wednesday, August 7th. Morgan Stanley lifted their price objective on Mastercard from $269.00 to $291.00 and gave the company an overweight rating in a report on Thursday, July 11th. Finally, Citigroup lifted their price objective on Mastercard from $288.00 to $317.00 and gave the company a buy rating in a report on Monday, September 9th. Two research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $298.10.

Shares of MA opened at $274.08 on Friday. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 1.55. Mastercard has a 1 year low of $171.89 and a 1 year high of $293.69. The stock has a market cap of $280.42 billion, a P/E ratio of 42.23, a price-to-earnings-growth ratio of 2.18 and a beta of 1.08. The stock’s 50-day moving average price is $276.59 and its two-hundred day moving average price is $256.92.

Mastercard (NYSE:MA) last issued its earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.07. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The firm had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter last year, the business earned $1.66 earnings per share. The company’s revenue was up 12.2% compared to the same quarter last year. As a group, equities analysts forecast that Mastercard will post 7.61 EPS for the current year.

In other Mastercard news, Director Lance Darrell Gordon Uggla bought 1,500 shares of Mastercard stock in a transaction dated Thursday, August 1st. The stock was bought at an average cost of $275.71 per share, for a total transaction of $413,565.00. Following the purchase, the director now owns 3,691 shares of the company’s stock, valued at approximately $1,017,645.61. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Michael Miebach sold 2,770 shares of Mastercard stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $285.00, for a total value of $789,450.00. Following the transaction, the insider now owns 12,778 shares of the company’s stock, valued at $3,641,730. The disclosure for this sale can be found here. Insiders have sold a total of 148,457 shares of company stock worth $40,747,113 in the last ninety days. Insiders own 3.70% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Joseph P. Lucia & Associates LLC bought a new stake in Mastercard in the 2nd quarter valued at $26,000. Ellevest Inc. boosted its stake in Mastercard by 52.8% in the 2nd quarter. Ellevest Inc. now owns 110 shares of the credit services provider’s stock valued at $29,000 after purchasing an additional 38 shares during the period. Ellis Investment Partners LLC bought a new stake in Mastercard in the 1st quarter valued at $30,000. Evolution Wealth Advisors LLC bought a new stake in Mastercard in the 2nd quarter valued at $31,000. Finally, Delphi Private Advisors LLC bought a new stake in Mastercard in the 2nd quarter valued at $31,000. Institutional investors own 74.25% 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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