Mastercard (NYSE:MA) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Mastercard (NYSE:MA) had its price target increased by stock analysts at BMO Capital Markets from $550.00 to $565.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the credit services provider’s stock. BMO Capital Markets’ price objective points to a potential upside of 8.26% from the stock’s current price.

A number of other research firms have also weighed in on MA. Susquehanna lifted their price objective on shares of Mastercard from $540.00 to $605.00 and gave the company a “positive” rating in a research note on Friday, November 1st. KeyCorp increased their target price on shares of Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a report on Friday, November 1st. Robert W. Baird lifted their price target on Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Argus upgraded shares of Mastercard to a “strong-buy” rating in a report on Thursday, August 1st. Finally, Compass Point began coverage on Mastercard in a research note on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $549.16.

Mastercard Price Performance

Shares of MA opened at $521.89 on Thursday. The firm has a market cap of $479.01 billion, a PE ratio of 39.48, a price-to-earnings-growth ratio of 2.28 and a beta of 1.10. The business’s 50 day moving average price is $503.18 and its two-hundred day moving average price is $470.59. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. Mastercard has a 52-week low of $395.55 and a 52-week high of $534.03.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.16. The business had revenue of $7.37 billion for the quarter, compared to analysts’ expectations of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The business’s revenue was up 12.8% on a year-over-year basis. During the same period last year, the business earned $3.39 EPS. On average, equities analysts anticipate that Mastercard will post 14.45 EPS for the current year.

Insider Transactions at Mastercard

In related news, major shareholder Foundation Mastercard sold 109,000 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $467.45, for a total transaction of $50,952,050.00. Following the transaction, the insider now owns 91,924,308 shares of the company’s stock, valued at $42,970,017,774.60. This trade represents a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the completion of the sale, the chief marketing officer now owns 15,031 shares of the company’s stock, valued at $7,363,085.66. This trade represents a 23.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 208,370 shares of company stock worth $97,749,218 over the last ninety days. Company insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MA. Highline Wealth Partners LLC purchased a new position in Mastercard during the third quarter worth $25,000. Strategic Investment Solutions Inc. IL acquired a new position in Mastercard in the second quarter valued at $34,000. First Personal Financial Services acquired a new position in Mastercard during the third quarter valued at approximately $39,000. Fairway Wealth LLC purchased a new stake in shares of Mastercard in the second quarter worth about $35,000. Finally, Lowe Wealth Advisors LLC grew its stake in shares of Mastercard by 74.0% in the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock valued at $43,000 after buying an additional 37 shares in the last quarter. Hedge funds and other institutional investors 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.