Mastercard’s (MA) “Buy” Rating Reiterated at Royal Bank Of Canada
Mastercard Incorporated (NYSE:MA)‘s stock had its “buy” rating reiterated by stock analysts at Royal Bank Of Canada in a research report issued to clients and investors on Friday. They presently have a $156.00 target price on the credit services provider’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 9.67% from the stock’s current price.
Other equities analysts also recently issued research reports about the company. Deutsche Bank AG reiterated a “buy” rating and set a $124.00 price target on shares of Mastercard in a research report on Thursday, May 25th. Jefferies Group LLC reiterated a “buy” rating and set a $147.00 price target (up previously from $140.00) on shares of Mastercard in a research report on Tuesday, July 18th. Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $136.00 price target on the stock in a research report on Wednesday, July 5th. Citigroup Inc. increased their price target on Mastercard from $123.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, June 19th. Finally, BidaskClub downgraded Mastercard from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-four have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $141.47.
Shares of Mastercard (NYSE MA) traded up 0.20% during mid-day trading on Friday, reaching $142.01. The company had a trading volume of 926,381 shares. Mastercard has a 52 week low of $99.51 and a 52 week high of $143.59. The stock has a 50 day moving average of $133.90 and a 200-day moving average of $122.61. The company has a market capitalization of $151.23 billion, a price-to-earnings ratio of 35.24 and a beta of 1.18.
Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.06. The company had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. Mastercard’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.96 earnings per share. On average, analysts expect that Mastercard will post $4.43 earnings per share for the current fiscal year.
In other Mastercard news, major shareholder Foundation Mastercard sold 87,623 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $129.34, for a total transaction of $11,333,158.82. Following the completion of the sale, the insider now owns 112,240,179 shares of the company’s stock, valued at $14,517,144,751.86. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Martina Hundmejean sold 91,107 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total value of $11,824,777.53. Following the sale, the chief financial officer now directly owns 170,570 shares of the company’s stock, valued at approximately $22,138,280.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 850,468 shares of company stock valued at $109,574,694. 0.30% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. American Beacon Advisors Inc. purchased a new position in shares of Mastercard during the first quarter worth $100,000. Lipe & Dalton purchased a new position in shares of Mastercard during the first quarter worth $101,000. Chicago Partners Investment Group LLC boosted its position in shares of Mastercard by 1,365.6% during the second quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock worth $105,000 after buying an additional 874 shares during the period. Thompson Davis & CO. Inc. boosted its position in shares of Mastercard by 170.1% during the second quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock worth $105,000 after buying an additional 546 shares during the period. Finally, Proficio Capital Partners LLC boosted its position in shares of Mastercard by 108.2% during the first quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock worth $108,000 after buying an additional 464 shares during the period. Institutional investors and hedge funds own 76.04% of the company’s stock.
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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