Mastercard (MA) PT Raised to $222.00 at Buckingham Research

Mastercard (NYSE:MA) had its price objective boosted by research analysts at Buckingham Research from $194.00 to $222.00 in a research note issued on Tuesday. The brokerage currently has a “buy” rating on the credit services provider’s stock. Buckingham Research’s target price would suggest a potential upside of 14.92% from the stock’s current price.

Other analysts have also recently issued reports about the company. Nomura increased their price objective on Mastercard to $213.00 and gave the company a “buy” rating in a research note on Thursday, May 3rd. Loop Capital increased their price objective on Mastercard to $208.00 and gave the company a “buy” rating in a research note on Thursday, May 3rd. They noted that the move was a valuation call. ValuEngine upgraded Mastercard from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Vetr upgraded Mastercard from a “hold” rating to a “buy” rating and set a $182.50 price objective on the stock in a research note on Thursday, March 1st. Finally, Zacks Investment Research upgraded Mastercard from a “hold” rating to a “buy” rating and set a $196.00 price objective on the stock in a research note on Thursday, April 12th. Three investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $188.76.

Mastercard opened at $193.18 on Tuesday, MarketBeat.com reports. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.64 and a current ratio of 1.64. Mastercard has a 52 week low of $120.65 and a 52 week high of $204.00. The firm has a market cap of $203.55 billion, a price-to-earnings ratio of 42.18, a PEG ratio of 1.62 and a beta of 1.18.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, May 2nd. The credit services provider reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.25. Mastercard had a return on equity of 91.56% and a net margin of 32.42%. The company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the prior year, the firm earned $1.01 earnings per share. The firm’s revenue was up 30.9% compared to the same quarter last year. analysts anticipate that Mastercard will post 6.32 EPS for the current fiscal year.

In other Mastercard news, CEO Ajay Banga sold 239,020 shares of the firm’s stock in a transaction dated Thursday, May 3rd. The stock was sold at an average price of $185.97, for a total transaction of $44,450,549.40. Following the transaction, the chief executive officer now owns 355,411 shares of the company’s stock, valued at $66,095,783.67. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Craig Vosburg sold 17,496 shares of the firm’s stock in a transaction dated Thursday, May 3rd. The stock was sold at an average price of $185.96, for a total value of $3,253,556.16. Following the transaction, the insider now directly owns 42,229 shares in the company, valued at approximately $7,852,904.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 269,631 shares of company stock worth $50,004,432. Corporate insiders own 0.32% of the company’s stock.

Several hedge funds have recently modified their holdings of the business. Mount Yale Investment Advisors LLC purchased a new position in shares of Mastercard during the first quarter worth about $2,236,000. Professional Planning grew its holdings in shares of Mastercard by 10.4% during the first quarter. Professional Planning now owns 27,430 shares of the credit services provider’s stock worth $4,805,000 after buying an additional 2,589 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its holdings in shares of Mastercard by 62.9% during the first quarter. Dynamic Technology Lab Private Ltd now owns 9,800 shares of the credit services provider’s stock worth $1,717,000 after buying an additional 3,784 shares during the last quarter. Rikoon Group LLC grew its holdings in shares of Mastercard by 40.3% during the first quarter. Rikoon Group LLC now owns 4,901 shares of the credit services provider’s stock worth $841,000 after buying an additional 1,408 shares during the last quarter. Finally, Altium Wealth Management LLC grew its holdings in shares of Mastercard by 16.9% during the first quarter. Altium Wealth Management LLC now owns 3,576 shares of the credit services provider’s stock worth $626,000 after buying an additional 518 shares during the last quarter. 74.69% of the stock is currently 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.

Analyst Recommendations for Mastercard (NYSE:MA)

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