Mastercard (NYSE:MA) Earns “Outperform” Rating from William Blair

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William Blair restated their outperform rating on shares of Mastercard (NYSE:MA) in a report issued on Friday morning, RTT News reports.

Several other equities research analysts also recently weighed in on MA. Citigroup increased their price target on Mastercard from $288.00 to $317.00 and gave the stock a buy rating in a report on Monday, September 9th. UBS Group increased their price target on Mastercard from $300.00 to $312.00 and gave the stock a buy rating in a report on Thursday, August 1st. Barclays increased their price target on Mastercard from $310.00 to $319.00 and gave the stock an overweight rating in a report on Monday, August 5th. Wells Fargo & Co raised their price objective on Mastercard from $285.00 to $305.00 and gave the stock an outperform rating in a report on Wednesday, July 10th. Finally, Morgan Stanley raised their price objective on Mastercard from $269.00 to $291.00 and gave the stock an overweight rating in a report on Thursday, July 11th. Two analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $296.95.

Shares of NYSE MA opened at $276.32 on Friday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.49 and a current ratio of 1.49. The business’s 50 day moving average price is $276.94 and its 200-day moving average price is $256.14. Mastercard has a fifty-two week low of $171.89 and a fifty-two week high of $293.69. The company has a market cap of $280.42 billion, a price-to-earnings ratio of 39.49, a PEG ratio of 2.18 and a beta of 1.08.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.07. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The firm had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the prior year, the business posted $1.66 earnings per share. The company’s revenue for the quarter was up 12.2% on a year-over-year basis. Sell-side analysts predict that Mastercard will post 7.61 earnings per share for the current year.

In other news, major shareholder Foundation Mastercard sold 7,950 shares of Mastercard stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $279.16, for a total value of $2,219,322.00. Following the transaction, the insider now directly owns 112,173,812 shares in the company, valued at approximately $31,314,441,357.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Craig Vosburg sold 8,314 shares of Mastercard stock in a transaction on Monday, July 1st. The shares were sold at an average price of $266.03, for a total value of $2,211,773.42. Following the completion of the transaction, the insider now owns 33,047 shares in the company, valued at $8,791,493.41. The disclosure for this sale can be found here. Insiders have sold a total of 148,457 shares of company stock worth $40,747,113 over the last 90 days. 3.70% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in the company. Joseph P. Lucia & Associates LLC acquired a new stake in shares of Mastercard in the 2nd quarter worth $26,000. Ellevest Inc. boosted its position in shares of Mastercard by 52.8% in the 2nd quarter. Ellevest Inc. now owns 110 shares of the credit services provider’s stock worth $29,000 after purchasing an additional 38 shares in the last quarter. Delphi Private Advisors LLC acquired a new stake in shares of Mastercard in the 2nd quarter worth $31,000. Evolution Wealth Advisors LLC acquired a new stake in shares of Mastercard in the 2nd quarter worth $31,000. Finally, Princeton Global Asset Management LLC acquired a new stake in shares of Mastercard in the 2nd quarter worth $33,000. Institutional investors and hedge funds own 74.25% 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. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.

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Analyst Recommendations for Mastercard (NYSE:MA)

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