Mastercard (NYSE:MA) Price Target Raised to $319.00 at Barclays

Mastercard (NYSE:MA) had its price objective boosted by Barclays from $310.00 to $319.00 in a research report released on Monday morning, BenzingaRatingsTable reports. They currently have an overweight rating on the credit services provider’s stock.

Several other research firms have also issued reports on MA. Wedbush lifted their target price on shares of Mastercard from $261.00 to $287.00 and gave the company an outperform rating in a report on Thursday, June 13th. Susquehanna Bancshares lifted their target price on shares of Mastercard from $293.00 to $320.00 and gave the company a buy rating in a report on Wednesday, July 31st. Bank of America lifted their target price on shares of Mastercard from $255.00 to $267.00 and gave the company a neutral rating in a report on Monday, June 17th. Citigroup set a $317.00 target price on shares of Mastercard and gave the company a buy rating in a report on Friday, July 19th. Finally, Oppenheimer lifted their target price on shares of Mastercard from $242.00 to $259.00 and gave the company an outperform rating in a report on Wednesday, April 17th. Two investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $287.65.

Mastercard stock opened at $256.84 on Monday. The firm’s 50 day moving average price is $271.74. 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 company has a market cap of $275.25 billion, a PE ratio of 39.57, a price-to-earnings-growth ratio of 2.11 and a beta of 1.08. Mastercard has a fifty-two week low of $171.89 and a fifty-two week high of $283.33.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.82 by $0.07. The business had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The business’s revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.66 EPS. As a group, equities analysts forecast that Mastercard will post 7.61 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 9th. Investors of record on Tuesday, July 9th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Monday, July 8th. This represents a $1.32 dividend on an annualized basis and a yield of 0.51%. Mastercard’s payout ratio is currently 20.34%.

In related news, Vice Chairman Ann Cairns sold 51,850 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $259.80, for a total value of $13,470,630.00. Following the completion of the transaction, the insider now directly owns 134,120 shares in the company, valued at approximately $34,844,376. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David R. Carlucci sold 3,974 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $262.51, for a total transaction of $1,043,214.74. Following the completion of the transaction, the director now owns 54,438 shares of the company’s stock, valued at $14,290,519.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 137,921 shares of company stock valued at $37,322,422. 3.70% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Joseph P. Lucia & Associates LLC purchased a new stake in Mastercard during the 2nd quarter valued at $26,000. Delphi Private Advisors LLC purchased a new stake in Mastercard during the 2nd quarter valued at $31,000. Evolution Wealth Advisors LLC purchased a new stake in Mastercard during the 2nd quarter valued at $31,000. Valley National Advisers Inc. raised its stake in Mastercard by 210.9% during the 4th quarter. Valley National Advisers Inc. now owns 143 shares of the credit services provider’s stock valued at $27,000 after buying an additional 97 shares during the last quarter. Finally, Field & Main Bank purchased a new stake in Mastercard during the 1st quarter valued at $38,000. Institutional investors own 74.39% of the company’s stock.

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.

Recommended Story: How is a price target determined?

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.