Mastercard (NYSE:MA) Given New $650.00 Price Target at UBS Group

Mastercard (NYSE:MAFree Report) had its price target reduced by UBS Group from $700.00 to $650.00 in a research note released on Tuesday,Benzinga reports. UBS Group currently has a buy rating on the credit services provider’s stock.

Several other equities analysts have also weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Mastercard from $685.00 to $655.00 and set an “overweight” rating for the company in a research report on Friday, January 30th. Daiwa Securities Group set a $610.00 target price on shares of Mastercard and gave the stock an “outperform” rating in a report on Monday, February 2nd. Tigress Financial increased their target price on shares of Mastercard from $730.00 to $735.00 and gave the company a “strong-buy” rating in a research note on Friday, March 13th. Morgan Stanley raised their target price on shares of Mastercard from $665.00 to $678.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Finally, Raymond James Financial decreased their price target on shares of Mastercard from $707.00 to $631.00 and set an “outperform” rating on the stock in a research report on Thursday, January 29th. Six equities research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $664.40.

Check Out Our Latest Stock Report on Mastercard

Mastercard Trading Up 1.3%

Shares of Mastercard stock opened at $500.21 on Tuesday. The business has a fifty day simple moving average of $518.42 and a 200-day simple moving average of $546.34. Mastercard has a fifty-two week low of $465.59 and a fifty-two week high of $601.77. The firm has a market cap of $446.09 billion, a price-to-earnings ratio of 30.28, a price-to-earnings-growth ratio of 1.59 and a beta of 0.83. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MAGet Free Report) last released its earnings results on Thursday, January 29th. The credit services provider reported $4.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.24 by $0.52. Mastercard had a return on equity of 203.92% and a net margin of 45.65%.The firm had revenue of $8.81 billion for the quarter, compared to analyst estimates of $8.80 billion. During the same period in the previous year, the company earned $3.82 earnings per share. Mastercard’s revenue was up 17.5% compared to the same quarter last year. On average, equities analysts forecast that Mastercard will post 15.91 EPS for the current fiscal year.

Mastercard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 8th. Shareholders of record on Thursday, April 9th will be issued a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, April 9th. Mastercard’s payout ratio is presently 21.07%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. lifted its position in shares of Mastercard by 820.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 41 shares in the last quarter. Strive Financial Group LLC acquired a new position in Mastercard in the 4th quarter worth approximately $27,000. Hyposwiss Advisors SA purchased a new position in Mastercard during the 4th quarter worth approximately $29,000. Evolution Wealth Management Inc. acquired a new stake in Mastercard during the 2nd quarter valued at $29,000. Finally, Robbins Farley lifted its holdings in shares of Mastercard by 50.0% in the third quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock valued at $31,000 after purchasing an additional 18 shares in the last quarter. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Key Mastercard News

Here are the key news stories impacting Mastercard this week:

About Mastercard

(Get Free Report)

Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.

Featured Stories

Analyst Recommendations for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.