Mastercard (NYSE:MA) PT Set at $292.00 by Credit Suisse Group

Credit Suisse Group set a $292.00 price target on Mastercard (NYSE:MA) in a research note released on Tuesday, TipRanks reports. The brokerage currently has a buy rating on the credit services provider’s stock.

A number of other equities research analysts have also issued reports on MA. Nomura upped their target price on shares of Mastercard from $282.00 to $324.00 and gave the stock a buy rating in a report on Wednesday, July 31st. Argus upped their target price on shares of Mastercard to $320.00 and gave the stock an average rating in a report on Wednesday, July 31st. Barclays upped their target price on shares of Mastercard from $310.00 to $319.00 and gave the stock an overweight rating in a report on Monday, August 5th. Citigroup upped their target price on shares of Mastercard from $288.00 to $317.00 and gave the stock a buy rating in a report on Monday. Finally, Morgan Stanley upped their target price on shares of Mastercard from $269.00 to $291.00 and gave the stock an overweight rating in a report on Thursday, July 11th. Two equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $296.95.

NYSE MA traded up $0.42 on Tuesday, hitting $276.82. The company had a trading volume of 879,015 shares, compared to its average volume of 3,071,063. Mastercard has a 12-month low of $171.89 and a 12-month high of $293.69. The company has a market capitalization of $276.29 billion, a PE ratio of 42.65, a PEG ratio of 2.15 and a beta of 1.08. The company’s fifty day moving average price is $276.96 and its 200-day moving average price is $255.88. The company has a debt-to-equity ratio of 1.55, a current ratio of 1.49 and a quick ratio of 1.49.



Mastercard (NYSE:MA) last released its earnings results on Tuesday, July 30th. The credit services provider reported $1.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.82 by $0.07. Mastercard had a net margin of 42.71% and a return on equity of 135.02%. The business had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the prior year, the firm earned $1.66 earnings per share. The company’s revenue for the quarter was up 12.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Mastercard will post 7.61 EPS for the current year.

In related news, Director Lance Darrell Gordon Uggla bought 1,500 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were bought at an average price of $275.71 per share, with a total value of $413,565.00. Following the completion of the transaction, the director now directly owns 3,691 shares of the company’s stock, valued at approximately $1,017,645.61. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard K. Davis bought 1,735 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was bought at an average cost of $270.09 per share, for a total transaction of $468,606.15. Following the transaction, the director now directly owns 6,031 shares of the company’s stock, valued at $1,628,912.79. The disclosure for this purchase can be found here. Insiders sold 200,307 shares of company stock valued at $54,217,743 in the last three months. 3.70% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of MA. Joseph P. Lucia & Associates LLC acquired a new stake in shares of Mastercard during the second quarter worth $26,000. Ellevest Inc. increased its position in 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 purchasing an additional 38 shares in the last quarter. Delphi Private Advisors LLC purchased a new stake in Mastercard during the 2nd quarter worth about $31,000. Evolution Wealth Advisors LLC purchased a new stake in Mastercard during the 2nd quarter worth about $31,000. Finally, Princeton Global Asset Management LLC purchased a new stake in Mastercard during the 2nd quarter worth about $33,000. 74.68% of the stock is currently owned by institutional investors and hedge funds.

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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