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.
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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