Nomura Raises Mastercard (NYSE:MA) Price Target to $324.00

Mastercard (NYSE:MA) had its price objective boosted by Nomura from $282.00 to $324.00 in a research note released on Wednesday, The Fly reports. Nomura currently has a buy rating on the credit services provider’s stock.

A number of other brokerages have also commented on MA. Citigroup set a $317.00 price objective on Mastercard and gave the stock a buy rating in a research report on Friday, July 19th. Raymond James raised their price objective on Mastercard from $300.00 to $308.00 and gave the stock an outperform rating in a research report on Wednesday. UBS Group raised their price objective on Mastercard from $247.00 to $300.00 and gave the stock a buy rating in a research report on Thursday, May 2nd. Argus raised their price objective on Mastercard to $320.00 and gave the stock an average rating in a research report on Wednesday. Finally, Barclays raised their price objective on Mastercard from $285.00 to $310.00 and gave the stock an overweight rating in a research report on Friday, July 19th. Two analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $287.20.

Shares of NYSE:MA traded down $4.71 during midday trading on Wednesday, reaching $269.45. The company had a trading volume of 4,437,291 shares, compared to its average volume of 2,752,609. The company has a debt-to-equity ratio of 1.55, a quick ratio of 1.41 and a current ratio of 1.49. Mastercard has a 1-year low of $171.89 and a 1-year high of $283.33. The company has a market capitalization of $278.13 billion, a price-to-earnings ratio of 41.52, a price-to-earnings-growth ratio of 2.14 and a beta of 1.08. The company has a fifty day simple moving average of $271.45.

Mastercard (NYSE:MA) last released its quarterly earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter last year, the company posted $1.66 EPS. Mastercard’s revenue for the quarter was up 12.2% on a year-over-year basis. As a group, sell-side analysts forecast that Mastercard will post 7.6 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 9th. Stockholders of record on Tuesday, July 9th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Monday, July 8th. Mastercard’s dividend payout ratio (DPR) is presently 20.34%.

In other news, insider Michael Miebach sold 2,233 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $283.12, for a total transaction of $632,206.96. Following the completion of the sale, the insider now directly owns 15,548 shares of the company’s stock, valued at approximately $4,401,949.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Ann Cairns sold 51,850 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $259.80, for a total value of $13,470,630.00. Following the sale, the insider now directly owns 134,120 shares of the company’s stock, valued at $34,844,376. The disclosure for this sale can be found here. Insiders have sold a total of 137,921 shares of company stock valued at $37,322,422 over the last ninety days. Company insiders own 3.70% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Joseph P. Lucia & Associates LLC bought a new position in shares of Mastercard in the 2nd quarter valued at approximately $26,000. Delphi Private Advisors LLC bought a new position in shares of Mastercard in the 2nd quarter valued at approximately $31,000. Evolution Wealth Advisors LLC bought a new position in shares of Mastercard in the 2nd quarter valued at approximately $31,000. Valley National Advisers Inc. raised its stake in shares of Mastercard by 210.9% in the 4th quarter. Valley National Advisers Inc. now owns 143 shares of the credit services provider’s stock valued at $27,000 after acquiring an additional 97 shares in the last quarter. Finally, Brandywine Global Investment Management LLC bought a new position in shares of Mastercard in the 4th quarter valued at approximately $30,000. 74.41% of the stock is owned by institutional investors.

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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Analyst Recommendations for Mastercard (NYSE:MA)

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