Barclays Increases Mastercard (NYSE:MA) Price Target to $285.00

Mastercard (NYSE:MA) had its price objective upped by equities research analysts at Barclays from $261.00 to $285.00 in a report issued on Monday, May 6th, Stock Target Advisor reports. The brokerage currently has an “overweight” rating on the credit services provider’s stock. Barclays‘s price objective suggests a potential upside of 13.32% from the stock’s current price.

A number of other equities analysts also recently issued reports on the company. Deutsche Bank increased their target price on Mastercard from $221.00 to $267.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Credit Suisse Group reaffirmed a “buy” rating and issued a $217.00 price objective on shares of Mastercard in a research note on Monday, January 7th. Citigroup raised their price objective on Mastercard from $274.00 to $288.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Nomura raised their price objective on Mastercard to $252.00 and gave the company a “buy” rating in a research note on Wednesday, February 20th. Finally, Jefferies Financial Group started coverage on Mastercard in a research note on Monday, January 28th. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $247.58.

Shares of NYSE:MA traded down $2.70 on Monday, hitting $251.49. 3,467,500 shares of the company’s stock were exchanged, compared to its average volume of 3,543,383. The stock has a market cap of $259.02 billion, a P/E ratio of 38.75, a P/E/G ratio of 2.01 and a beta of 1.15. Mastercard has a 1-year low of $171.89 and a 1-year high of $258.86. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.41 and a current ratio of 1.40.

Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.12. The business had revenue of $3.89 billion during the quarter, compared to analysts’ expectations of $3.86 billion. Mastercard had a return on equity of 129.95% and a net margin of 40.82%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.50 EPS. On average, equities research analysts predict that Mastercard will post 7.6 EPS for the current year.

In other news, CEO Ajay Banga sold 252,600 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $250.92, for a total transaction of $63,382,392.00. Following the completion of the transaction, the chief executive officer now directly owns 427,638 shares in the company, valued at $107,302,926.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michael Fraccaro sold 8,658 shares of the business’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $230.21, for a total value of $1,993,158.18. Following the transaction, the insider now owns 4,124 shares of the company’s stock, valued at $949,386.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 381,530 shares of company stock valued at $93,705,711. 0.32% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of MA. Farmers & Merchants Investments Inc. increased its holdings in shares of Mastercard by 1.0% in the first quarter. Farmers & Merchants Investments Inc. now owns 4,560 shares of the credit services provider’s stock valued at $1,074,000 after buying an additional 43 shares in the last quarter. Next Capital Management LLC increased its holdings in shares of Mastercard by 6.8% in the first quarter. Next Capital Management LLC now owns 674 shares of the credit services provider’s stock valued at $159,000 after buying an additional 43 shares in the last quarter. Coldstream Capital Management Inc. increased its holdings in shares of Mastercard by 1.6% in the first quarter. Coldstream Capital Management Inc. now owns 2,808 shares of the credit services provider’s stock valued at $661,000 after buying an additional 43 shares in the last quarter. Northwest Quadrant Wealth Management LLC raised its stake in Mastercard by 2.1% during the 1st quarter. Northwest Quadrant Wealth Management LLC now owns 2,233 shares of the credit services provider’s stock valued at $534,000 after purchasing an additional 45 shares during the period. Finally, Mechanics Bank Trust Department raised its stake in Mastercard by 3.8% during the 1st quarter. Mechanics Bank Trust Department now owns 1,245 shares of the credit services provider’s stock valued at $293,000 after purchasing an additional 45 shares during the period. Institutional investors and hedge funds own 74.43% of the company’s stock.

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.

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