Mastercard (MA) Raised to “Strong-Buy” at Vetr

Vetr upgraded shares of Mastercard (NYSE:MA) from a buy rating to a strong-buy rating in a research report report published on Tuesday. The brokerage currently has $192.25 price objective on the credit services provider’s stock.

A number of other research firms have also recently commented on MA. Zacks Investment Research raised shares of Mastercard from a hold rating to a buy rating and set a $193.00 price target for the company in a research note on Thursday, April 5th. Piper Jaffray boosted their price target on shares of Mastercard from $208.00 to $212.00 and gave the stock an overweight rating in a research note on Friday, February 2nd. Morgan Stanley boosted their price target on shares of Mastercard from $178.00 to $192.00 and gave the stock an overweight rating in a research note on Friday, February 2nd. Barclays upped their price objective on shares of Mastercard from $178.00 to $195.00 and gave the company an overweight rating in a research note on Friday, February 2nd. Finally, Cantor Fitzgerald upped their price objective on shares of Mastercard to $198.00 and gave the company 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 given a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $179.62.

Mastercard stock opened at $176.52 on Tuesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.57 and a current ratio of 1.57. The company has a market cap of $181,216.55, a P/E ratio of 38.17, a PEG ratio of 1.58 and a beta of 1.16. Mastercard has a 1-year low of $111.53 and a 1-year high of $183.73.



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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 9th. Investors of record on Monday, April 9th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, April 6th. This represents a $1.00 dividend on an annualized basis and a yield of 0.57%. Mastercard’s dividend payout ratio is currently 21.83%.

In other Mastercard news, General Counsel Timothy H. Murphy sold 30,628 shares of the company’s 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 directly owns 59,907 shares in the company, valued at approximately $10,809,619.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David R. Carlucci sold 5,950 shares of the company’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $183.10, for a total transaction of $1,089,445.00. The disclosure for this sale can be found here. Insiders have sold a total of 45,571 shares of company stock valued at $8,174,328 over the last quarter. 0.30% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of MA. Community Bank N.A. grew its position in Mastercard by 119.7% during the 4th quarter. Community Bank N.A. now owns 670 shares of the credit services provider’s stock valued at $101,000 after purchasing an additional 365 shares during the last quarter. Massey Quick Simon & CO. LLC purchased a new stake in Mastercard during the 3rd quarter valued at about $102,000. Pin Oak Investment Advisors Inc. purchased a new stake in Mastercard during the 4th quarter valued at about $103,000. Wealthcare Advisory Partners LLC purchased a new stake in Mastercard during the 3rd quarter valued at about $106,000. Finally, Trustcore Financial Services LLC purchased a new stake in Mastercard during the 4th quarter valued at about $120,000. Institutional investors own 76.12% 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.

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Analyst Recommendations for Mastercard (NYSE:MA)

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