Citigroup Raises Mastercard (NYSE:MA) Price Target to $317.00

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Mastercard (NYSE:MA) had its price objective hoisted by Citigroup from $288.00 to $317.00 in a research note published on Monday, BenzingaRatingsTable reports. They currently have a buy rating on the credit services provider’s stock.

MA has been the topic of several other research reports. Argus lifted their price objective on Mastercard to $320.00 and gave the company an average rating in a report on Wednesday, July 31st. BMO Capital Markets set a $328.00 price objective on Mastercard and gave the company a buy rating in a report on Wednesday, July 31st. Raymond James lifted their price objective on Mastercard from $300.00 to $308.00 and gave the company an outperform rating in a report on Wednesday, July 31st. Tigress Financial reiterated a buy rating on shares of Mastercard in a report on Thursday, August 22nd. Finally, Barclays boosted their target price on Mastercard from $310.00 to $319.00 and gave the company an overweight rating in a research note on Monday, August 5th. Two analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. Mastercard has an average rating of Buy and a consensus price target of $295.55.

NYSE:MA opened at $276.40 on Monday. Mastercard has a fifty-two week low of $171.89 and a fifty-two week high of $293.69. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market capitalization of $278.64 billion, a PE ratio of 42.59, a price-to-earnings-growth ratio of 2.23 and a beta of 1.08. The business’s 50-day simple moving average is $276.96 and its 200-day simple moving average is $255.88.

Mastercard (NYSE:MA) last released 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. Mastercard had a return on equity of 135.02% and a net margin of 42.71%. The business had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the previous year, the business posted $1.66 EPS. Mastercard’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, research analysts expect that Mastercard will post 7.61 earnings per share for the current year.

In other news, Vice Chairman Ann Cairns sold 51,850 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $259.80, for a total transaction of $13,470,630.00. Following the sale, the insider now 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 at the SEC website. Also, insider Michael Miebach sold 2,770 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $285.00, for a total value of $789,450.00. Following the sale, the insider now owns 12,778 shares in the company, valued at approximately $3,641,730. The disclosure for this sale can be found here. Insiders sold a total of 200,307 shares of company stock worth $54,217,743 in the last 90 days. Company insiders own 3.70% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Joseph P. Lucia & Associates LLC bought a new stake in shares of Mastercard during the 2nd quarter worth approximately $26,000. Ellevest Inc. increased its holdings in shares of Mastercard by 52.8% during the 2nd quarter. Ellevest Inc. now owns 110 shares of the credit services provider’s stock worth $29,000 after acquiring an additional 38 shares during the last quarter. Ellis Investment Partners LLC acquired a new position in shares of Mastercard during the 1st quarter worth approximately $30,000. Evolution Wealth Advisors LLC acquired a new position in shares of Mastercard during the 2nd quarter worth approximately $31,000. Finally, Delphi Private Advisors LLC acquired a new position in shares of Mastercard during the 2nd quarter worth approximately $31,000. Institutional investors own 74.68% 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.

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Analyst Recommendations for Mastercard (NYSE:MA)

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