Citigroup Inc. Increases Mastercard Incorporated (NYSE:MA) Price Target to $167.00

Mastercard Incorporated (NYSE:MA) had its target price hoisted by research analysts at Citigroup Inc. from $157.00 to $167.00 in a note issued to investors on Wednesday, October 18th. The brokerage currently has a “buy” rating on the credit services provider’s stock. Citigroup Inc.’s price objective would suggest a potential upside of 11.27% from the stock’s previous close.

Several other research firms have also recently weighed in on MA. Piper Jaffray Companies reiterated an “overweight” rating and issued a $150.00 price objective (up previously from $143.00) on shares of Mastercard in a report on Friday, September 8th. Cowen and Company reissued an “outperform” rating and set a $137.00 price target (up previously from $129.00) on shares of Mastercard in a report on Sunday, July 30th. Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $136.00 target price on the stock in a research report on Wednesday, July 5th. Mizuho assumed coverage on Mastercard in a research note on Tuesday, June 27th. They set a “neutral” rating and a $125.00 price objective on the stock. Finally, Oppenheimer Holdings, Inc. boosted their price objective on Mastercard and gave the stock an “outperform” rating in a research note on Tuesday, July 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $157.68.

Mastercard (NYSE:MA) traded up $0.80 during trading hours on Wednesday, hitting $150.09. The stock had a trading volume of 3,125,074 shares, compared to its average volume of 3,380,000. Mastercard has a 52 week low of $99.51 and a 52 week high of $152.00. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market capitalization of $158,050.00, a PE ratio of 34.64, a P/E/G ratio of 2.03 and a beta of 1.22.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.11. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. The business had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter in the prior year, the company posted $1.08 earnings per share. Mastercard’s revenue was up 18.1% compared to the same quarter last year. equities analysts forecast that Mastercard will post 4.52 earnings per share for the current fiscal year.

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In other news, major shareholder Foundation Mastercard sold 87,623 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $129.34, for a total transaction of $11,333,158.82. Following the transaction, the insider now directly owns 112,240,179 shares in the company, valued at $14,517,144,751.86. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Michael Fraccaro sold 5,800 shares of the company’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $147.59, for a total transaction of $856,022.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 112,623 shares of company stock valued at $14,916,143. Insiders own 0.30% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Boys Arnold & Co. Inc. grew its position in shares of Mastercard by 7.8% in the second quarter. Boys Arnold & Co. Inc. now owns 5,006 shares of the credit services provider’s stock valued at $608,000 after purchasing an additional 363 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new position in shares of Mastercard during the second quarter valued at approximately $2,351,000. Baldwin Investment Management LLC lifted its stake in shares of Mastercard by 5.9% during the second quarter. Baldwin Investment Management LLC now owns 3,600 shares of the credit services provider’s stock valued at $437,000 after buying an additional 200 shares during the period. Personal Capital Advisors Corp lifted its stake in shares of Mastercard by 3.3% during the second quarter. Personal Capital Advisors Corp now owns 270,438 shares of the credit services provider’s stock valued at $32,845,000 after buying an additional 8,670 shares during the period. Finally, IBM Retirement Fund lifted its stake in shares of Mastercard by 68.8% during the second quarter. IBM Retirement Fund now owns 23,051 shares of the credit services provider’s stock valued at $3,128,000 after buying an additional 9,397 shares during the period. Institutional investors own 76.08% of the company’s stock.

About Mastercard

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.

Analyst Recommendations for Mastercard (NYSE:MA)

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