SunTrust Banks Boosts Mastercard (NYSE:MA) Price Target to $325.00

Share on StockTwits

Mastercard (NYSE:MA) had its price objective raised by SunTrust Banks from $310.00 to $325.00 in a report published on Friday, BenzingaRatingsTable reports. SunTrust Banks currently has a buy rating on the credit services provider’s stock.

A number of other analysts have also weighed in on MA. Nomura raised their price target on shares of Mastercard from $282.00 to $324.00 and gave the company a buy rating in a report on Wednesday, July 31st. UBS Group raised their price target on shares of Mastercard from $300.00 to $312.00 and gave the company a buy rating in a report on Thursday, August 1st. Bank of America raised their price target on shares of Mastercard from $255.00 to $267.00 and gave the company a neutral rating in a report on Monday, June 17th. Raymond James raised their price target on shares of Mastercard from $300.00 to $308.00 and gave the company an outperform rating in a report on Wednesday, July 31st. Finally, Barclays raised their price target on shares of Mastercard from $310.00 to $319.00 and gave the company an overweight rating in a report on Monday, August 5th. Two equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $296.95.

Shares of Mastercard stock opened at $276.32 on Friday. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.49 and a quick ratio of 1.49. The firm has a market cap of $280.42 billion, a P/E ratio of 42.58, a P/E/G ratio of 2.18 and a beta of 1.08. The firm has a 50 day simple moving average of $276.94 and a 200 day simple moving average of $256.14. Mastercard has a fifty-two week low of $171.89 and a fifty-two week high of $293.69.

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, beating analysts’ consensus estimates of $1.82 by $0.07. The business had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.08 billion. Mastercard had a net margin of 42.71% and a return on equity of 135.02%. Mastercard’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.66 earnings per share. On average, sell-side analysts expect that Mastercard will post 7.61 EPS for the current year.

In other news, insider Craig Vosburg sold 8,314 shares of the business’s 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 of the company’s stock, valued at approximately $8,791,493.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Foundation Mastercard sold 7,950 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $275.98, for a total transaction of $2,194,041.00. Following the completion of the sale, the insider now directly owns 112,173,812 shares in the company, valued at $30,957,728,635.76. The disclosure for this sale can be found here. Insiders sold a total of 148,457 shares of company stock valued at $40,747,113 in the last three months. 3.70% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Claro Advisors LLC lifted its position in Mastercard by 4.1% during the 2nd quarter. Claro Advisors LLC now owns 934 shares of the credit services provider’s stock worth $247,000 after buying an additional 37 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Mastercard by 0.3% in the 2nd quarter. Quadrant Capital Group LLC now owns 15,147 shares of the credit services provider’s stock valued at $3,989,000 after purchasing an additional 38 shares during the period. First Personal Financial Services raised its holdings in shares of Mastercard by 4.8% in the 2nd quarter. First Personal Financial Services now owns 832 shares of the credit services provider’s stock valued at $220,000 after purchasing an additional 38 shares during the period. Campbell Wealth Management raised its holdings in shares of Mastercard by 3.9% in the 2nd quarter. Campbell Wealth Management now owns 1,007 shares of the credit services provider’s stock valued at $266,000 after purchasing an additional 38 shares during the period. Finally, Virtus ETF Advisers LLC raised its holdings in shares of Mastercard by 23.0% in the 2nd quarter. Virtus ETF Advisers LLC now owns 203 shares of the credit services provider’s stock valued at $54,000 after purchasing an additional 38 shares during the period. 74.25% of the stock is currently owned by institutional investors and hedge funds.

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.

Further Reading: What Factors Can Affect Return on Equity?

Analyst Recommendations for Mastercard (NYSE:MA)

Receive News & Ratings for Mastercard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Guggenheim Begins Coverage on Cardiovascular Systems
Guggenheim Begins Coverage on Cardiovascular Systems
BioSpecifics Technologies  Upgraded to “Buy” by Zacks Investment Research
BioSpecifics Technologies Upgraded to “Buy” by Zacks Investment Research
Calyxt  Upgraded to Buy by Zacks Investment Research
Calyxt Upgraded to Buy by Zacks Investment Research
Ubex  Price Hits $0.0004
Ubex Price Hits $0.0004
Maximine Coin 1-Day Trading Volume Tops $43,578.00
Maximine Coin 1-Day Trading Volume Tops $43,578.00
Coupa Software Inc  Expected to Announce Quarterly Sales of $96.52 Million
Coupa Software Inc Expected to Announce Quarterly Sales of $96.52 Million


© 2006-2019 Ticker Report