Mastercard (NYSE:MA) Earns “Outperform” Rating from Royal Bank Of Canada

Mastercard (NYSE:MA)‘s stock had its “outperform” rating restated by Royal Bank Of Canada in a research report issued on Tuesday,Benzinga reports. They presently have a $650.00 target price on the credit services provider’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 17.08% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Wolfe Research set a $655.00 target price on shares of Mastercard in a research note on Monday, June 23rd. Seaport Res Ptn raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday. KeyCorp increased their target price on shares of Mastercard from $630.00 to $635.00 and gave the stock an “overweight” rating in a report on Friday, May 2nd. Jefferies Financial Group reiterated a “buy” rating on shares of Mastercard in a research note on Friday, June 6th. Finally, Wall Street Zen cut shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Saturday, June 14th. Six analysts have rated the stock with a hold rating, twenty-four have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard has a consensus rating of “Moderate Buy” and a consensus price target of $611.50.

Mastercard Trading Up 0.9%

NYSE MA opened at $555.16 on Tuesday. The company has a debt-to-equity ratio of 2.81, a current ratio of 1.11 and a quick ratio of 1.11. The stock’s 50-day moving average is $567.85 and its 200-day moving average is $548.05. Mastercard has a one year low of $428.86 and a one year high of $594.71. The firm has a market cap of $506.14 billion, a P/E ratio of 38.93, a P/E/G ratio of 2.39 and a beta of 1.02.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, May 1st. The credit services provider reported $3.73 earnings per share for the quarter, beating analysts’ consensus estimates of $3.57 by $0.16. The firm had revenue of $7.25 billion for the quarter, compared to analyst estimates of $7.12 billion. Mastercard had a net margin of 45.21% and a return on equity of 196.87%. The business’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.31 earnings per share. Sell-side analysts anticipate that Mastercard will post 15.91 earnings per share for the current fiscal year.

Insider Transactions at Mastercard

In other news, Director Julius Genachowski sold 312 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $570.67, for a total transaction of $178,049.04. Following the transaction, the director owned 8,469 shares in the company, valued at approximately $4,833,004.23. This trade represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Craig Vosburg sold 9,428 shares of the company’s stock in a transaction on Friday, June 20th. The shares were sold at an average price of $353.05, for a total value of $3,328,555.40. Following the completion of the transaction, the insider directly owned 58,451 shares in the company, valued at approximately $20,636,125.55. This represents a 13.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,753 shares of company stock worth $20,351,084. Insiders own 0.09% of the company’s stock.

Institutional Trading of Mastercard

Institutional investors have recently modified their holdings of the stock. Family Legacy Financial Solutions LLC acquired a new position in Mastercard during the second quarter valued at approximately $26,000. Flaharty Asset Management LLC acquired a new position in shares of Mastercard during the 1st quarter worth $27,000. Keystone Global Partners LLC bought a new stake in shares of Mastercard during the 1st quarter worth $31,000. Measured Risk Portfolios Inc. bought a new stake in shares of Mastercard during the 4th quarter worth $31,000. Finally, 10Elms LLP acquired a new stake in Mastercard in the fourth quarter valued at about $33,000. 97.28% of the stock is currently owned by institutional investors.

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.