Mastercard (NYSE:MA) Price Target Cut to $427.00

Mastercard (NYSE:MAGet Rating) had its price target dropped by equities researchers at Barclays from $428.00 to $427.00 in a report issued on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the credit services provider’s stock. Barclays‘s target price suggests a potential upside of 12.37% from the stock’s previous close.

A number of other brokerages have also recently commented on MA. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Mastercard from $440.00 to $375.00 and set a “buy” rating for the company in a report on Thursday, October 13th. Royal Bank of Canada cut their target price on shares of Mastercard from $400.00 to $392.00 and set an “outperform” rating for the company in a research note on Friday, October 28th. Robert W. Baird raised their target price on shares of Mastercard from $370.00 to $410.00 and gave the stock an “outperform” rating in a report on Monday. Moffett Nathanson decreased their price objective on shares of Mastercard to $420.00 in a report on Tuesday, November 1st. Finally, Jefferies Financial Group lifted their price objective on shares of Mastercard from $370.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday, January 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $406.73.

Mastercard Trading Up 0.4 %

NYSE:MA opened at $380.01 on Monday. The company’s 50-day simple moving average is $354.99 and its 200 day simple moving average is $335.42. The firm has a market capitalization of $365.36 billion, a P/E ratio of 37.96, a PEG ratio of 1.69 and a beta of 1.10. Mastercard has a one year low of $276.87 and a one year high of $399.92. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.25 and a quick ratio of 1.25.

Mastercard (NYSE:MAGet Rating) last issued its earnings results on Thursday, October 27th. The credit services provider reported $2.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.57 by $0.11. The firm had revenue of $5.76 billion for the quarter, compared to the consensus estimate of $5.66 billion. Mastercard had a net margin of 45.22% and a return on equity of 148.94%. As a group, analysts forecast that Mastercard will post 10.56 EPS for the current fiscal year.

Insider Activity at Mastercard

In related news, insider Craig Vosburg sold 6,333 shares of the business’s stock in a transaction on Thursday, January 12th. The shares were sold at an average price of $380.05, for a total value of $2,406,856.65. Following the completion of the transaction, the insider now directly owns 41,314 shares in the company, valued at approximately $15,701,385.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Craig Vosburg sold 6,333 shares of the business’s stock in a transaction on Thursday, January 12th. The shares were sold at an average price of $380.05, for a total value of $2,406,856.65. Following the completion of the sale, the insider now owns 41,314 shares of the company’s stock, valued at approximately $15,701,385.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Foundation Mastercard sold 177,211 shares of the business’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $319.89, for a total transaction of $56,688,026.79. Following the completion of the sale, the insider now directly owns 102,566,047 shares of the company’s stock, valued at approximately $32,809,852,774.83. The disclosure for this sale can be found here. Insiders sold a total of 367,819 shares of company stock worth $117,733,271 in the last three months. Company insiders own 0.29% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Global Wealth Strategies & Associates purchased a new stake in shares of Mastercard during the fourth quarter worth approximately $25,000. Grayhawk Investment Strategies Inc. acquired a new position in shares of Mastercard during the 2nd quarter worth $31,000. EWG Elevate Inc. acquired a new position in shares of Mastercard during the 4th quarter worth $27,000. Coston McIsaac & Partners acquired a new position in shares of Mastercard during the 2nd quarter worth $25,000. Finally, My Personal CFO LLC acquired a new position in shares of Mastercard during the 4th quarter worth $29,000. Institutional investors and hedge funds own 74.51% of the company’s stock.

About Mastercard

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Mastercard, Inc operates as a technology company. The firm engages in the payments industry that connects consumers, financial institutions, merchants, governments and business. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial and payment programs.

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Analyst Recommendations for Mastercard (NYSE:MA)

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