Mastercard (NYSE:MA) Raised to “Strong-Buy” at Piper Sandler

Mastercard (NYSE:MA) was upgraded by research analysts at Piper Sandler to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Several other equities research analysts have also issued reports on the stock. Royal Bank Of Canada decreased their price target on shares of Mastercard from $656.00 to $629.00 and set an “outperform” rating for the company in a research note on Friday, May 1st. Truist Financial reduced their price objective on Mastercard from $590.00 to $561.00 and set a “buy” rating for the company in a report on Tuesday, May 12th. UBS Group restated a “buy” rating on shares of Mastercard in a research note on Thursday, June 25th. Susquehanna dropped their price target on Mastercard from $670.00 to $665.00 and set a “positive” rating on the stock in a research report on Friday, May 1st. Finally, Wolfe Research reiterated an “outperform” rating on shares of Mastercard in a research note on Tuesday, March 17th. Seven investment analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Mastercard presently has a consensus rating of “Buy” and a consensus price target of $653.81.

Mastercard Trading Up 0.7%

NYSE MA opened at $513.24 on Monday. The business’s fifty day moving average is $496.66 and its 200-day moving average is $519.34. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $453.48 billion, a price-to-earnings ratio of 29.70, a PEG ratio of 1.59 and a beta of 0.74. Mastercard has a one year low of $464.52 and a one year high of $601.77.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share for the quarter, beating the consensus estimate of $4.41 by $0.19. Mastercard had a net margin of 45.88% and a return on equity of 212.96%. The company had revenue of $8.40 billion during the quarter, compared to analyst estimates of $8.26 billion. During the same quarter in the prior year, the business earned $3.73 earnings per share. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. Equities research analysts predict that Mastercard will post 19.6 EPS for the current year.

Institutional Trading of Mastercard

Institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its position in shares of Mastercard by 42.3% during the fourth quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock valued at $3,594,000 after buying an additional 2,028 shares during the period. Schnieders Capital Management LLC. raised its stake in shares of Mastercard by 8.5% during the second quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock worth $1,432,000 after acquiring an additional 200 shares in the last quarter. Betterment LLC lifted its stake in Mastercard by 6.5% in the second quarter. Betterment LLC now owns 947 shares of the credit services provider’s stock worth $532,000 after purchasing an additional 58 shares during the last quarter. Worldquant Millennium Advisors LLC lifted its stake in shares of Mastercard by 35.8% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 677,204 shares of the credit services provider’s stock valued at $380,548,000 after acquiring an additional 178,387 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new position in Mastercard during the 2nd quarter worth approximately $431,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

More Mastercard News

Here are the key news stories impacting Mastercard this week:

• Positive Sentiment: Mastercard launched an Africa Cybersecurity Centre of Excellence in South Africa, a move that could deepen relationships with governments and financial institutions while reinforcing its role in digital security. Mastercard launches Africa Cybersecurity Centre of Excellence
• Positive Sentiment: The company is working with quantum computing firm OQC to explore better fraud detection, which could help Mastercard combat the large and growing fraud problem in payments. Mastercard (MA) Stock Rises as It Taps Quantum Tech to Fight $343 Billion Fraud Problem
• Positive Sentiment: An analyst began coverage on Mastercard with a bullish view, adding to sentiment support for the stock. This Mastercard Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Tuesday
• Neutral Sentiment: Mastercard highlighted that 87% of Moroccan SMEs remain confident about their business outlook, which is supportive of regional economic activity but is not a direct financial catalyst. Mastercard: 87% of Moroccan SMEs Confident About Business Outlook
• Negative Sentiment: Reports that a Visa-Mastercard settlement could affect rewards credit cards may pressure investor sentiment if it raises concerns about future card economics or rewards-related revenue. Visa, Mastercard settlement might impact rewards credit cards

About Mastercard

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.