Mastercard’s (NYSE:MA) “Buy” Rating Reiterated at Piper Jaffray Companies

Mastercard Incorporated (NYSE:MA)‘s stock had its “buy” rating reissued by equities researchers at Piper Jaffray Companies in a report issued on Friday, October 13th. They presently have a $161.00 price objective on the credit services provider’s stock. Piper Jaffray Companies’ price target suggests a potential upside of 10.61% from the company’s previous close.

Several other analysts also recently issued reports on the company. Stephens began coverage on Mastercard in a research note on Friday, October 13th. They set an “overweight” rating and a $166.00 target price on the stock. Mizuho reissued a “hold” rating and set a $140.00 target price on shares of Mastercard in a research note on Thursday, October 12th. Cowen and Company reaffirmed a “buy” rating and issued a $137.00 price objective on shares of Mastercard in a research note on Thursday, October 12th. Wells Fargo & Company raised Mastercard from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $130.00 to $160.00 in a research note on Wednesday, October 11th. Finally, Buckingham Research assumed coverage on Mastercard in a research note on Monday, October 2nd. They issued a “buy” rating and a $163.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $148.54.

Shares of Mastercard (NYSE:MA) traded up 0.12% on Friday, reaching $145.56. 2,514,509 shares of the company traded hands. The firm has a 50-day moving average price of $142.12 and a 200 day moving average price of $128.12. Mastercard has a one year low of $99.51 and a one year high of $148.45. The company has a market capitalization of $155.01 billion, a PE ratio of 36.12 and a beta of 1.18.

Mastercard (NYSE:MA) last announced its earnings results on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.06. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The business had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same period last year, the firm posted $0.96 earnings per share. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. Equities analysts forecast that Mastercard will post $4.44 EPS for the current fiscal year.

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In other Mastercard news, major shareholder Foundation Mastercard sold 87,618 shares of the firm’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $129.46, for a total value of $11,343,026.28. Following the sale, the insider now directly owns 112,561,445 shares in the company, valued at $14,572,204,669.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Michael Fraccaro sold 5,800 shares of the firm’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $147.59, for a total value of $856,022.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 641,820 shares of company stock valued at $83,385,957. Company insiders own 0.30% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Thompson Davis & CO. Inc. boosted its stake in shares of Mastercard by 170.1% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock worth $105,000 after acquiring an additional 546 shares in the last quarter. American Beacon Advisors Inc. purchased a new stake in shares of Mastercard during the 1st quarter worth approximately $100,000. Proficio Capital Partners LLC boosted its stake in shares of Mastercard by 108.2% during the 1st quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock worth $108,000 after acquiring an additional 464 shares in the last quarter. Lipe & Dalton purchased a new stake in shares of Mastercard during the 1st quarter worth approximately $101,000. Finally, Chicago Partners Investment Group LLC boosted its stake in shares of Mastercard by 1,365.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock worth $105,000 after acquiring an additional 874 shares in the last quarter. 76.01% of the stock is currently owned by institutional investors.

Mastercard Company Profile

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

Analyst Recommendations for Mastercard (NYSE:MA)

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