Mastercard Inc (NYSE:MA) has earned a consensus recommendation of “Buy” from the thirty-two brokerages that are presently covering the firm, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and twenty-six have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $332.70.
Several equities research analysts have weighed in on the stock. Morgan Stanley increased their price target on shares of Mastercard from $311.00 to $315.00 and gave the company an “overweight” rating in a research report on Tuesday. Goldman Sachs Group assumed coverage on shares of Mastercard in a research report on Tuesday, July 14th. They set a “buy” rating and a $364.00 price target for the company. Jefferies Financial Group cut shares of Mastercard from a “buy” rating to a “hold” rating and dropped their price target for the company from $290.00 to $275.00 in a research report on Wednesday, April 15th. Wells Fargo & Co increased their price target on shares of Mastercard from $325.00 to $335.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Finally, Raymond James increased their price target on shares of Mastercard from $301.00 to $351.00 and gave the company an “outperform” rating in a research report on Friday.
In other Mastercard news, Director Steven J. Freiberg sold 4,230 shares of Mastercard stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $303.98, for a total transaction of $1,285,835.40. Following the transaction, the director now owns 5,376 shares of the company’s stock, valued at $1,634,196.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Julius Genachowski sold 2,009 shares of Mastercard stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $281.79, for a total transaction of $566,116.11. Following the transaction, the director now directly owns 7,346 shares in the company, valued at approximately $2,070,029.34. The disclosure for this sale can be found here. Insiders have sold 1,005,122 shares of company stock valued at $304,245,598 over the last 90 days. 3.79% of the stock is currently owned by company insiders.
Shares of MA stock traded down $0.47 on Friday, hitting $308.53. 4,684,553 shares of the company’s stock traded hands, compared to its average volume of 3,495,101. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.87 and a current ratio of 1.95. Mastercard has a one year low of $199.99 and a one year high of $347.25. The company’s fifty day simple moving average is $301.05 and its 200 day simple moving average is $291.69. The stock has a market capitalization of $310.16 billion, a price-to-earnings ratio of 42.67, a P/E/G ratio of 3.82 and a beta of 1.08.
Mastercard (NYSE:MA) last released its earnings results on Thursday, July 30th. The credit services provider reported $1.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.21. Mastercard had a net margin of 45.12% and a return on equity of 129.52%. The company had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter last year, the firm earned $1.89 EPS. The firm’s quarterly revenue was down 19.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Mastercard will post 6.49 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 7th. Investors of record on Thursday, July 9th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Wednesday, July 8th. This represents a $1.60 annualized dividend and a yield of 0.52%. Mastercard’s dividend payout ratio (DPR) is 20.59%.
Mastercard Company Profile
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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