Mastercard (NYSE:MA) Price Target Increased to $545.00 by Analysts at Robert W. Baird

Mastercard (NYSE:MA) had its target price raised by research analysts at Robert W. Baird from $525.00 to $545.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the credit services provider’s stock. Robert W. Baird’s price target indicates a potential upside of 18.46% from the company’s previous close.

Several other equities analysts also recently commented on MA. Susquehanna reiterated a “positive” rating and set a $535.00 price target on shares of Mastercard in a report on Wednesday, April 3rd. KeyCorp upped their target price on shares of Mastercard from $475.00 to $490.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Mizuho restated a “buy” rating and issued a $480.00 target price on shares of Mastercard in a research note on Wednesday, March 27th. Raymond James upped their target price on shares of Mastercard from $452.00 to $504.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Finally, JPMorgan Chase & Co. increased their price objective on shares of Mastercard from $504.00 to $520.00 and gave the company an “overweight” rating in a research note on Monday. Two equities research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Mastercard has an average rating of “Moderate Buy” and an average price target of $490.23.

Mastercard Stock Up 0.1 %

Shares of NYSE MA opened at $460.07 on Thursday. The firm’s 50-day moving average price is $471.83 and its 200-day moving average price is $433.21. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 2.06. The stock has a market capitalization of $429.19 billion, a price-to-earnings ratio of 38.89, a P/E/G ratio of 1.74 and a beta of 1.08. Mastercard has a 12-month low of $357.85 and a 12-month high of $490.00.

Mastercard (NYSE:MA) last announced its earnings results on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.10. The firm had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.46 billion. Mastercard had a net margin of 44.60% and a return on equity of 191.22%. During the same period in the prior year, the company earned $2.65 EPS. On average, equities research analysts anticipate that Mastercard will post 14.36 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Ajay Bhalla sold 4,000 shares of the firm’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $435.00, for a total transaction of $1,740,000.00. Following the completion of the transaction, the insider now owns 6,235 shares of the company’s stock, valued at $2,712,225. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Craig Vosburg sold 13,542 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $460.06, for a total transaction of $6,230,132.52. Following the sale, the insider now owns 46,491 shares in the company, valued at $21,388,649.46. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Ajay Bhalla sold 4,000 shares of the firm’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $435.00, for a total transaction of $1,740,000.00. Following the sale, the insider now owns 6,235 shares in the company, valued at approximately $2,712,225. The disclosure for this sale can be found here. Insiders sold a total of 41,728 shares of company stock valued at $19,479,753 over the last 90 days. Insiders own 0.13% of the company’s stock.

Institutional Trading of Mastercard

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MA. Aviance Capital Partners LLC grew its position in shares of Mastercard by 83.9% in the first quarter. Aviance Capital Partners LLC now owns 10,411 shares of the credit services provider’s stock valued at $5,014,000 after purchasing an additional 4,750 shares during the period. Mirador Capital Partners LP acquired a new stake in shares of Mastercard in the first quarter valued at about $202,000. LVW Advisors LLC grew its position in shares of Mastercard by 4.9% in the first quarter. LVW Advisors LLC now owns 5,824 shares of the credit services provider’s stock valued at $2,805,000 after purchasing an additional 271 shares during the period. Koss Olinger Consulting LLC acquired a new stake in shares of Mastercard in the first quarter valued at about $7,362,000. Finally, Mayfair Advisory Group LLC grew its position in shares of Mastercard by 41.2% in the first quarter. Mayfair Advisory Group LLC now owns 713 shares of the credit services provider’s stock valued at $343,000 after purchasing an additional 208 shares during the period. Institutional investors and hedge funds own 97.28% 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. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.