Mastercard (NYSE:MA) PT Lowered to $402.00 at Bank of America

Mastercard (NYSE:MAGet Rating) had its target price reduced by research analysts at Bank of America from $416.00 to $402.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the credit services provider’s stock. Bank of America‘s price objective suggests a potential upside of 13.36% from the stock’s current price.

MA has been the subject of a number of other reports. Wedbush cut their price target on Mastercard from $400.00 to $380.00 and set an “outperform” rating for the company in a research note on Monday, December 20th. StockNews.com began coverage on Mastercard in a research note on Thursday, March 31st. They set a “hold” rating for the company. Barclays cut their price target on Mastercard from $430.00 to $420.00 and set an “overweight” rating for the company in a research note on Monday, April 4th. Morgan Stanley raised their price target on Mastercard from $448.00 to $449.00 and gave the stock an “overweight” rating in a research note on Friday, January 28th. Finally, Mizuho cut their price target on Mastercard from $465.00 to $400.00 and set a “buy” rating for the company in a research note on Friday, January 7th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $426.88.

Shares of NYSE:MA traded down $3.21 on Monday, hitting $354.61. The company’s stock had a trading volume of 35,632 shares, compared to its average volume of 4,589,087. The stock’s 50-day moving average is $353.76 and its two-hundred day moving average is $353.02. The company has a market capitalization of $346.62 billion, a price-to-earnings ratio of 40.48, a price-to-earnings-growth ratio of 1.76 and a beta of 1.08. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.29 and a current ratio of 1.29. Mastercard has a 12 month low of $305.61 and a 12 month high of $401.50.

Mastercard (NYSE:MAGet Rating) last announced its quarterly earnings data on Thursday, January 27th. The credit services provider reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.19 by $0.16. The firm had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.17 billion. Mastercard had a return on equity of 122.90% and a net margin of 46.00%. The business’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.64 EPS. Equities analysts expect that Mastercard will post 10.19 earnings per share for the current fiscal year.

In other news, major shareholder Foundation Mastercard sold 155,060 shares of Mastercard stock in a transaction that occurred on Monday, February 14th. The stock was sold at an average price of $372.93, for a total transaction of $57,826,525.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Craig Vosburg sold 1,561 shares of Mastercard stock in a transaction that occurred on Tuesday, March 29th. The stock was sold at an average price of $365.00, for a total value of $569,765.00. The disclosure for this sale can be found here. Insiders sold a total of 482,051 shares of company stock worth $181,949,746 in the last ninety days. Insiders own 0.33% of the company’s stock.

Several large investors have recently made changes to their positions in the company. OLD Mission Capital LLC bought a new position in shares of Mastercard during the 3rd quarter worth approximately $237,000. Morgan Stanley lifted its position in shares of Mastercard by 1.4% during the 2nd quarter. Morgan Stanley now owns 18,779,658 shares of the credit services provider’s stock worth $6,856,264,000 after buying an additional 259,715 shares during the period. Jag Capital Management LLC lifted its position in shares of Mastercard by 0.3% during the 3rd quarter. Jag Capital Management LLC now owns 88,282 shares of the credit services provider’s stock worth $30,693,000 after buying an additional 295 shares during the period. XML Financial LLC bought a new position in shares of Mastercard during the 3rd quarter worth approximately $201,000. Finally, Orser Capital Management LLC lifted its position in shares of Mastercard by 3.0% during the 3rd quarter. Orser Capital Management LLC now owns 11,148 shares of the credit services provider’s stock worth $3,876,000 after buying an additional 320 shares during the period. 73.86% of the stock is currently owned by institutional investors.

Mastercard Company Profile (Get Rating)

Mastercard, Inc operates as a technology company. The firm engages in the payments industry that connects consumers, financial institutions, merchants, governments and business. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial and payment programs.

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