Morgan Stanley Boosts Mastercard (NYSE:MA) Price Target to $291.00

Share on StockTwits

Mastercard (NYSE:MA) had its price target boosted by Morgan Stanley from $269.00 to $291.00 in a research note issued to investors on Thursday morning, BenzingaRatingsTable reports. The firm currently has an overweight rating on the credit services provider’s stock.

MA has been the subject of a number of other research reports. Wells Fargo & Co increased their target price on shares of Apollo Global Management from $38.00 to $42.00 and gave the stock an outperform rating in a research report on Wednesday. Wedbush raised their price target on shares of Mastercard from $261.00 to $287.00 and gave the company an outperform rating in a report on Thursday, June 13th. Raymond James set a $33.00 price target on shares of LKQ and gave the company a buy rating in a report on Friday, April 26th. BMO Capital Markets restated a hold rating and set a $45.00 price target on shares of SAP in a report on Wednesday, May 1st. Finally, Deutsche Bank initiated coverage on shares of Intuitive Surgical in a report on Monday, April 1st. They set a buy rating and a $630.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $258.96.

MA stock opened at $279.54 on Thursday. Mastercard has a 12-month low of $171.89 and a 12-month high of $279.74. The company has a current ratio of 1.40, a quick ratio of 1.41 and a debt-to-equity ratio of 1.12. The stock has a market cap of $285.56 billion, a P/E ratio of 43.07, a price-to-earnings-growth ratio of 2.21 and a beta of 1.07. The business has a 50 day moving average of $262.25.

Mastercard (NYSE:MA) last released its earnings results on Tuesday, April 30th. The credit services provider reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.66 by $0.12. Mastercard had a net margin of 40.82% and a return on equity of 129.95%. The company had revenue of $3.89 billion during the quarter, compared to the consensus estimate of $3.86 billion. During the same quarter in the prior year, the firm earned $1.50 EPS. The company’s revenue was up 8.6% compared to the same quarter last year. As a group, analysts expect that Mastercard will post 7.6 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a $1.32 annualized dividend and a yield of 0.47%. Mastercard’s dividend payout ratio (DPR) is presently 20.34%.

In related news, insider Gilberto Caldart sold 46,772 shares of Mastercard stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $241.06, for a total value of $11,274,858.32. Following the transaction, the insider now owns 22,280 shares in the company, valued at approximately $5,370,816.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Miebach sold 2,711 shares of Mastercard stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $245.00, for a total transaction of $664,195.00. Following the completion of the transaction, the insider now owns 20,492 shares in the company, valued at approximately $5,020,540. The disclosure for this sale can be found here. Insiders sold a total of 366,221 shares of company stock worth $92,047,063 in the last quarter. Insiders own 0.32% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of MA. Gables Capital Management Inc. lifted its holdings in shares of Mastercard by 0.6% in the 4th quarter. Gables Capital Management Inc. now owns 8,694 shares of the credit services provider’s stock worth $1,640,000 after buying an additional 50 shares during the period. Motco lifted its holdings in shares of Mastercard by 40.9% in the 4th quarter. Motco now owns 186 shares of the credit services provider’s stock worth $35,000 after buying an additional 54 shares during the period. Doyle Wealth Management purchased a new stake in shares of Mastercard in the 4th quarter worth $705,000. Tocqueville Asset Management L.P. lifted its holdings in shares of Mastercard by 2.8% in the 4th quarter. Tocqueville Asset Management L.P. now owns 207,012 shares of the credit services provider’s stock worth $39,053,000 after buying an additional 5,630 shares during the period. Finally, Cpwm LLC lifted its holdings in shares of Mastercard by 3.5% in the 4th quarter. Cpwm LLC now owns 3,835 shares of the credit services provider’s stock worth $723,000 after buying an additional 131 shares during the period. Institutional investors own 74.32% of the company’s stock.

About Mastercard

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.

Featured Story: Terms to Better Understand Call Options

Analyst Recommendations for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.