Mastercard (NYSE:MA – Get Free Report) was upgraded by analysts at KeyCorp to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.
MA has been the subject of a number of other research reports. Citigroup began coverage on Mastercard in a report on Wednesday. They set a “buy” rating and a $735.00 price target for the company. Deutsche Bank Aktiengesellschaft began coverage on Mastercard in a research report on Thursday, July 17th. They set a “buy” rating and a $650.00 price objective on the stock. The Goldman Sachs Group restated a “buy” rating on shares of Mastercard in a research report on Friday, August 1st. Robert W. Baird boosted their price objective on Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a research report on Monday, October 6th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Mastercard in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $638.00.
View Our Latest Stock Report on MA
Mastercard Price Performance
Mastercard (NYSE:MA – Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The credit services provider reported $4.15 EPS for the quarter, topping analysts’ consensus estimates of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The company had revenue of $8.13 billion during the quarter, compared to analysts’ expectations of $7.95 billion. During the same quarter in the previous year, the firm earned $3.50 EPS. Mastercard’s revenue was up 16.8% on a year-over-year basis. On average, sell-side analysts expect that Mastercard will post 15.91 earnings per share for the current fiscal year.
Insider Activity at Mastercard
In other Mastercard news, CFO J. Mehra Sachin sold 17,263 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total value of $10,202,433.00. Following the sale, the chief financial officer owned 31,234 shares in the company, valued at approximately $18,459,294. The trade was a 35.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.09% of the company’s stock.
Institutional Investors Weigh In On Mastercard
A number of institutional investors have recently made changes to their positions in MA. LGT Financial Advisors LLC bought a new stake in shares of Mastercard in the 2nd quarter valued at about $25,000. Family Legacy Financial Solutions LLC bought a new stake in shares of Mastercard in the 2nd quarter valued at about $26,000. Flaharty Asset Management LLC bought a new stake in shares of Mastercard in the 1st quarter valued at about $27,000. Evolution Wealth Management Inc. bought a new stake in shares of Mastercard in the 2nd quarter valued at about $29,000. Finally, Keystone Global Partners LLC bought a new stake in shares of Mastercard in the 1st quarter valued at about $31,000. 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.
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