Mastercard (NYSE:MA) Stock Price Expected to Rise, TD Cowen Analyst Says

Mastercard (NYSE:MA) had its price target lifted by investment analysts at TD Cowen from $533.00 to $567.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the credit services provider’s stock. TD Cowen’s price objective indicates a potential upside of 8.64% from the company’s current price.

A number of other equities research analysts have also recently issued reports on the stock. Citigroup boosted their target price on shares of Mastercard from $566.00 to $572.00 and gave the company a “buy” rating in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft boosted their price objective on Mastercard from $510.00 to $580.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Robert W. Baird raised their target price on Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Barclays increased their price target on shares of Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, BMO Capital Markets boosted their price objective on shares of Mastercard from $550.00 to $565.00 and gave the company an “outperform” rating in a research note on Thursday. Four analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $549.16.

Mastercard Stock Up 0.3 %

MA stock opened at $521.89 on Friday. The stock has a fifty day moving average of $504.09 and a 200-day moving average of $471.18. Mastercard has a fifty-two week low of $395.55 and a fifty-two week high of $534.03. The company has a market capitalization of $479.01 billion, a price-to-earnings ratio of 39.48, a PEG ratio of 2.28 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29.

Mastercard (NYSE:MA) last issued its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. During the same quarter last year, the business earned $3.39 earnings per share. The company’s quarterly revenue was up 12.8% on a year-over-year basis. As a group, equities research analysts predict that Mastercard will post 14.45 earnings per share for the current year.

Insider Activity at Mastercard

In related news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $489.86, for a total value of $2,294,994.10. Following the sale, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at $7,363,085.66. This trade represents a 23.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Foundation Mastercard sold 109,000 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $467.45, for a total value of $50,952,050.00. Following the transaction, the insider now directly owns 91,924,308 shares of the company’s stock, valued at $42,970,017,774.60. The trade was a 0.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 208,370 shares of company stock worth $97,749,218 in the last ninety days. 0.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Mastercard

Several hedge funds have recently made changes to their positions in the business. Sarasin & Partners LLP lifted its position in shares of Mastercard by 4.7% in the 3rd quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock worth $410,813,000 after purchasing an additional 37,486 shares during the period. Principal Financial Group Inc. boosted its position in Mastercard by 4.8% during the 3rd quarter. Principal Financial Group Inc. now owns 3,031,915 shares of the credit services provider’s stock valued at $1,497,160,000 after acquiring an additional 138,842 shares in the last quarter. Coppell Advisory Solutions Corp. purchased a new position in shares of Mastercard during the 1st quarter worth approximately $608,000. SteelPeak Wealth LLC grew its holdings in shares of Mastercard by 48.6% during the 2nd quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock worth $2,174,000 after acquiring an additional 1,612 shares during the period. Finally, OMC Financial Services LTD purchased a new position in shares of Mastercard in the 1st quarter valued at approximately $17,854,000. 97.28% of the stock is owned by hedge funds and other 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. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.