Mastercard (NYSE:MA) Price Target Raised to $440.00

Mastercard (NYSE:MA – Get Rating) had its target price lifted by research analysts at Deutsche Bank Aktiengesellschaft from $420.00 to $440.00 in a note issued to investors on Friday, The Fly reports. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 16.15% from the company’s current price.

MA has been the topic of a number of other research reports. JPMorgan Chase & Co. boosted their price objective on shares of Mastercard from $400.00 to $430.00 in a research report on Friday. StockNews.com began coverage on shares of Mastercard in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Barclays reduced their price target on shares of Mastercard from $430.00 to $420.00 and set an “overweight” rating on the stock in a research report on Monday, April 4th. Bank of America reduced their price target on shares of Mastercard from $416.00 to $402.00 and set a “buy” rating on the stock in a research report on Monday, April 18th. Finally, Morgan Stanley reduced their price target on shares of Mastercard from $449.00 to $442.00 and set an “overweight” rating on the stock in a research report on Thursday, April 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $427.67.

NYSE:MA opened at $378.83 on Friday. 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 fifty-two week low of $305.61 and a fifty-two week high of $399.92. The firm has a market cap of $370.30 billion, a PE ratio of 43.25, a price-to-earnings-growth ratio of 1.87 and a beta of 1.08. The business has a 50 day moving average price of $350.93 and a 200-day moving average price of $353.59.

Mastercard (NYSE:MA – Get Rating) last released its quarterly earnings data on Thursday, April 28th. The credit services provider reported $2.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.58. Mastercard had a net margin of 46.00% and a return on equity of 122.90%. The firm had revenue of $5.17 billion for the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter in the previous year, the company earned $1.74 earnings per share. The company’s revenue for the quarter was up 24.4% compared to the same quarter last year. Research analysts predict that Mastercard will post 10.11 EPS for the current year.

In other Mastercard news, major shareholder Foundation Mastercard sold 155,060 shares of the stock in a transaction that occurred on Wednesday, February 9th. The shares were sold at an average price of $383.74, for a total value of $59,502,724.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Craig Vosburg sold 1,561 shares of the stock in a transaction on Tuesday, March 29th. The stock was sold at an average price of $365.00, for a total transaction of $569,765.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 466,741 shares of company stock worth $176,434,165. 0.33% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in MA. OLD Mission Capital LLC purchased a new stake in shares of Mastercard in the third quarter worth $237,000. Morgan Stanley increased its stake in shares of Mastercard by 1.4% in the second quarter. Morgan Stanley now owns 18,779,658 shares of the credit services provider’s stock worth $6,856,264,000 after purchasing an additional 259,715 shares in the last quarter. New World Advisors LLC purchased a new stake in shares of Mastercard in the third quarter worth $446,000. Private Portfolio Partners LLC increased its stake in shares of Mastercard by 2.9% in the third quarter. Private Portfolio Partners LLC now owns 1,809 shares of the credit services provider’s stock worth $629,000 after purchasing an additional 51 shares in the last quarter. Finally, Adell Harriman & Carpenter Inc. increased its stake in shares of Mastercard by 1.1% in the third quarter. Adell Harriman & Carpenter Inc. now owns 24,418 shares of the credit services provider’s stock worth $8,490,000 after purchasing an additional 257 shares in the last quarter. 73.86% of the stock is owned by hedge funds and other institutional investors.

About Mastercard (Get Rating)

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers other payment-related products and services.

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