Loop Capital Analysts Give Mastercard (MA) a $232.00 Price Target

Mastercard (NYSE:MA) has been assigned a $232.00 price target by stock analysts at Loop Capital in a report released on Wednesday. The firm currently has a “buy” rating on the credit services provider’s stock. Loop Capital’s price target points to a potential upside of 23.58% from the stock’s current price.

A number of other equities research analysts have also commented on the company. Zacks Investment Research lowered Mastercard from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. Oppenheimer upped their price target on Mastercard from $197.00 to $215.00 and gave the company an “outperform” rating in a research report on Tuesday, July 17th. Morgan Stanley upped their price target on Mastercard from $224.00 to $228.00 and gave the company an “overweight” rating in a research report on Friday, July 27th. KeyCorp reiterated an “overweight” rating and issued a $230.00 price target (up previously from $200.00) on shares of Mastercard in a research report on Thursday, July 26th. Finally, Wells Fargo & Co upped their price target on Mastercard from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Monday, October 1st. Three investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the company’s stock. Mastercard currently has an average rating of “Buy” and a consensus price target of $218.86.

Shares of MA opened at $187.73 on Wednesday. Mastercard has a 12-month low of $140.61 and a 12-month high of $225.35. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $205.08 billion, a price-to-earnings ratio of 40.99, a PEG ratio of 1.65 and a beta of 1.16.



Mastercard (NYSE:MA) last issued its earnings results on Tuesday, October 30th. The credit services provider reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.10. Mastercard had a return on equity of 103.82% and a net margin of 33.81%. The business had revenue of $3.90 billion during the quarter, compared to analysts’ expectations of $3.86 billion. During the same quarter in the prior year, the firm earned $1.34 EPS. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. As a group, research analysts forecast that Mastercard will post 6.38 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in Mastercard during the second quarter valued at $109,000. Fort L.P. bought a new position in Mastercard during the second quarter valued at $120,000. Carroll Financial Associates Inc. grew its holdings in Mastercard by 87.2% during the second quarter. Carroll Financial Associates Inc. now owns 644 shares of the credit services provider’s stock valued at $126,000 after purchasing an additional 300 shares during the period. Bogart Wealth LLC grew its holdings in Mastercard by 434.7% during the third quarter. Bogart Wealth LLC now owns 663 shares of the credit services provider’s stock valued at $148,000 after purchasing an additional 539 shares during the period. Finally, Point72 Hong Kong Ltd bought a new position in Mastercard during the second quarter valued at $131,000. 74.40% of the stock is 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.

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Analyst Recommendations for Mastercard (NYSE:MA)

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