Mastercard’s (NYSE:MA) “Outperform” Rating Reaffirmed at BMO Capital Markets

Mastercard Incorporated (NYSE:MA)‘s stock had its “outperform” rating reissued by investment analysts at BMO Capital Markets in a report issued on Wednesday, November 1st. They presently have a $174.00 price target on the credit services provider’s stock, up from their previous price target of $157.00. BMO Capital Markets’ price target indicates a potential upside of 16.34% from the company’s previous close.

A number of other brokerages also recently commented on MA. Cantor Fitzgerald restated a “buy” rating and set a $165.00 price objective on shares of Mastercard in a research note on Tuesday, October 31st. Loop Capital upped their price objective on Mastercard to $167.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. They noted that the move was a valuation call. Sanford C. Bernstein restated a “buy” rating and set a $166.00 price objective (up from $145.00) on shares of Mastercard in a research note on Monday, October 30th. They noted that the move was a valuation call. Piper Jaffray Companies reissued a “buy” rating and issued a $161.00 price target on shares of Mastercard in a research note on Friday, October 13th. Finally, Robert W. Baird increased their price target on Mastercard from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, two have assigned 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 price target of $157.68.

Mastercard (NYSE MA) opened at $149.56 on Wednesday. Mastercard has a 52-week low of $99.51 and a 52-week high of $152.00. The stock has a market capitalization of $158,330.00, a P/E ratio of 34.58, a price-to-earnings-growth ratio of 1.99 and a beta of 1.22. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.66 and a quick ratio of 1.66.

Mastercard (NYSE:MA) last announced its earnings results on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.23 by $0.11. The company had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.28 billion. Mastercard had a return on equity of 78.38% and a net margin of 38.70%. Mastercard’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.08 EPS. equities research analysts anticipate that Mastercard will post 4.54 earnings per share for the current year.

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In other Mastercard news, insider Michael Fraccaro sold 5,800 shares of the firm’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $147.59, for a total value of $856,022.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard Haythornthwaite sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $142.51, for a total value of $712,550.00. Following the completion of the sale, the director now owns 45,278 shares of the company’s stock, valued at approximately $6,452,567.78. The disclosure for this sale can be found here. Insiders sold a total of 25,000 shares of company stock worth $3,582,984 in the last ninety days. Insiders own 0.30% of the company’s stock.

Several institutional investors have recently bought and sold shares of MA. Janus Henderson Group PLC lifted its position in shares of Mastercard by 784.3% during the 2nd quarter. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider’s stock worth $2,048,899,000 after buying an additional 14,962,583 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Mastercard by 289.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,570,551 shares of the credit services provider’s stock worth $433,643,000 after buying an additional 2,654,308 shares during the period. Harding Loevner LP lifted its position in shares of Mastercard by 170.7% during the 3rd quarter. Harding Loevner LP now owns 3,447,079 shares of the credit services provider’s stock worth $194,599,000 after buying an additional 2,173,507 shares during the period. Vanguard Group Inc. lifted its position in shares of Mastercard by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 63,807,040 shares of the credit services provider’s stock worth $7,176,378,000 after buying an additional 1,814,116 shares during the period. Finally, Capital Research Global Investors lifted its position in shares of Mastercard by 15.8% during the 2nd quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock worth $1,540,665,000 after buying an additional 1,729,179 shares during the period. Institutional investors and hedge funds own 75.71% 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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