UBS Group Lowers Mastercard (NYSE:MA) Price Target to $650.00

Mastercard (NYSE:MAGet Free Report) had its price objective reduced by research analysts at UBS Group from $700.00 to $650.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the credit services provider’s stock. UBS Group’s price objective would indicate a potential upside of 29.95% from the stock’s current price.

A number of other analysts also recently weighed in on MA. JPMorgan Chase & Co. lowered their price target on Mastercard from $685.00 to $655.00 and set an “overweight” rating on the stock in a research note on Friday, January 30th. Compass Point raised Mastercard from a “neutral” rating to a “buy” rating and raised their target price for the stock from $620.00 to $735.00 in a research report on Tuesday, January 13th. TD Cowen reiterated a “buy” rating on shares of Mastercard in a research note on Tuesday, March 17th. Raymond James Financial lowered their price target on shares of Mastercard from $707.00 to $631.00 and set an “outperform” rating on the stock in a report on Thursday, January 29th. Finally, Cantor Fitzgerald upgraded shares of Mastercard to a “strong-buy” rating in a research note on Tuesday, January 27th. Six research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Mastercard presently has a consensus rating of “Buy” and an average price target of $664.40.

Read Our Latest Analysis on Mastercard

Mastercard Stock Up 1.3%

MA stock traded up $6.21 during mid-day trading on Tuesday, hitting $500.21. The stock had a trading volume of 4,409,939 shares, compared to its average volume of 3,920,562. Mastercard has a 1-year low of $465.59 and a 1-year high of $601.77. The company has a fifty day moving average of $519.05 and a 200 day moving average of $546.90. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.36. The stock has a market capitalization of $446.09 billion, a price-to-earnings ratio of 30.28, a PEG ratio of 1.56 and a beta of 0.83.

Mastercard (NYSE:MAGet Free Report) last posted its earnings results on Thursday, January 29th. The credit services provider reported $4.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.24 by $0.52. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The firm had revenue of $8.81 billion during the quarter, compared to analysts’ expectations of $8.80 billion. During the same period in the previous year, the company earned $3.82 earnings per share. The company’s revenue was up 17.5% compared to the same quarter last year. On average, equities analysts expect that Mastercard will post 15.91 EPS for the current fiscal year.

Institutional Investors Weigh In On Mastercard

Several large investors have recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Mastercard by 820.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 41 shares in the last quarter. Strive Financial Group LLC acquired a new stake in Mastercard in the 4th quarter valued at $27,000. Evolution Wealth Management Inc. acquired a new stake in Mastercard in the 2nd quarter valued at $29,000. Hyposwiss Advisors SA acquired a new position in shares of Mastercard during the 4th quarter worth approximately $29,000. Finally, Robbins Farley raised its stake in shares of Mastercard by 50.0% during the 3rd quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock worth $31,000 after purchasing an additional 18 shares in the last quarter. Institutional investors own 97.28% of the company’s stock.

Mastercard News Roundup

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About Mastercard

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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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