MasterCard (NYSE: MA)‘s stock had its “neutral” rating reaffirmed by Zacks in a report issued on Friday, AnalystRatingsNetwork reports. They currently have a $593.00 target price on the stock. Zacks‘ target price would indicate a potential upside of 4.72% from the stock’s previous close.
MasterCard (NYSE: MA) traded up 0.23% on Friday, hitting $566.25. MasterCard has a 1-year low of $404.70 and a 1-year high of $589.00. The stock’s 50-day moving average is currently $556.9. The company has a market cap of $68.838 billion and a price-to-earnings ratio of 24.78.
MasterCard (NYSE: MA) last announced its earnings results on Wednesday, May 1st. The company reported $6.23 earnings per share for the quarter, beating the analysts’ consensus estimate of $6.17 by $0.06. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter last year, the company posted $5.36 earnings per share. MasterCard’s revenue was up 8.4% compared to the same quarter last year. Analysts expect that MasterCard will post $25.43 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on MA. Analysts at TheStreet reiterated a “buy” rating on shares of MasterCard in a research note to investors on Thursday. Separately, analysts at Barclays Capital reiterated an “overweight” rating on shares of MasterCard in a research note to investors on Tuesday. They now have a $575.00 price target on the stock. Finally, analysts at Oppenheimer raised their price target on shares of MasterCard from $575.00 to $625.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock.
Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. MasterCard presently has an average rating of “Buy” and a consensus target price of $579.04.
MasterCard Incorporated (NYSE: MA) is a global payments and technology company that connects consumers, financial institutions, merchants, Governments and businesses worldwide, enabling them to use electronic forms of payment instead of cash and checks.
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