Mastercard (MA) Price Target Increased to $187.00 by Analysts at Oppenheimer

Mastercard (NYSE:MA) had its price target upped by Oppenheimer from $182.00 to $187.00 in a research note issued to investors on Thursday. Oppenheimer currently has an outperform rating on the credit services provider’s stock.

Several other equities research analysts have also recently issued reports on MA. Zacks Investment Research raised Mastercard from a hold rating to a buy rating and set a $196.00 target price for the company in a research note on Thursday, April 12th. Vetr raised Mastercard from a buy rating to a strong-buy rating and set a $192.25 target price for the company in a research note on Tuesday, April 10th. Sandler O’Neill raised Mastercard from a sell rating to a hold rating in a research note on Thursday, February 1st. Piper Jaffray raised their target price on Mastercard from $208.00 to $212.00 and gave the stock an overweight rating in a research note on Friday, February 2nd. Finally, Cantor Fitzgerald raised their target price on Mastercard to $198.00 and gave the stock an overweight rating in a research note on Friday, February 2nd. Two research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the stock. Mastercard has an average rating of Buy and a consensus target price of $179.78.

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MA stock traded down $1.19 during midday trading on Thursday, hitting $177.82. 1,478,909 shares of the company’s stock were exchanged, compared to its average volume of 3,952,414. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.99. The stock has a market cap of $188,681.39, a price-to-earnings ratio of 39.09, a price-to-earnings-growth ratio of 1.65 and a beta of 1.16. Mastercard has a 1-year low of $114.01 and a 1-year high of $183.73.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, February 1st. The credit services provider reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.02. The company had revenue of $3.31 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Mastercard had a return on equity of 83.57% and a net margin of 31.33%. The firm’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.86 earnings per share. sell-side analysts anticipate that Mastercard will post 5.94 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 9th. Stockholders of record on Monday, April 9th will be paid a $0.25 dividend. The ex-dividend date is Friday, April 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.56%. Mastercard’s payout ratio is presently 21.83%.

In related news, insider Michael Fraccaro sold 3,993 shares of Mastercard stock in a transaction on Tuesday, April 10th. The stock was sold at an average price of $173.37, for a total value of $692,266.41. Following the completion of the transaction, the insider now directly owns 5,353 shares in the company, valued at $928,049.61. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Timothy H. Murphy sold 30,628 shares of Mastercard stock in a transaction on Monday, March 19th. The shares were sold at an average price of $180.44, for a total value of $5,526,516.32. Following the completion of the transaction, the general counsel now owns 59,907 shares of the company’s stock, valued at $10,809,619.08. The disclosure for this sale can be found here. Insiders sold 45,571 shares of company stock valued at $8,174,328 over the last ninety days. Insiders own 0.30% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. lifted its holdings in Mastercard by 31.2% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 89,369 shares of the credit services provider’s stock worth $13,527,000 after buying an additional 21,262 shares during the last quarter. Certified Advisory Corp purchased a new stake in Mastercard during the 4th quarter worth about $2,158,000. D.B. Root & Company LLC purchased a new stake in Mastercard during the 4th quarter worth about $211,000. KCM Investment Advisors LLC purchased a new stake in Mastercard during the 4th quarter worth about $219,000. Finally, Xact Kapitalforvaltning AB lifted its holdings in Mastercard by 5.9% during the 4th quarter. Xact Kapitalforvaltning AB now owns 193,241 shares of the credit services provider’s stock worth $29,249,000 after buying an additional 10,742 shares during the last quarter. Hedge funds and other institutional investors own 76.05% of the company’s stock.

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About Mastercard

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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