Mastercard (NYSE:MA - Get Free Report) had its target price lowered by investment analysts at Morgan Stanley from $654.00 to $644.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the credit services provider's stock. Morgan Stanley's price objective would indicate a potential upside of 15.91% from the stock's previous close.
Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. decreased their target price on shares of Mastercard from $593.00 to $580.00 and set an "overweight" rating on the stock in a report on Friday, November 1st. Macquarie boosted their price objective on shares of Mastercard from $505.00 to $565.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Jefferies Financial Group raised their target price on Mastercard from $590.00 to $610.00 and gave the company a "buy" rating in a report on Monday, December 9th. TD Cowen boosted their price target on Mastercard from $533.00 to $567.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Finally, Deutsche Bank Aktiengesellschaft raised 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. Four research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Mastercard currently has an average rating of "Moderate Buy" and a consensus price target of $595.64.
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Mastercard Price Performance
NYSE:MA traded down $10.38 during trading hours on Friday, reaching $555.63. 4,505,026 shares of the company were exchanged, compared to its average volume of 2,869,618. The business has a 50 day moving average of $527.58 and a 200 day moving average of $500.25. Mastercard has a 1-year low of $428.86 and a 1-year high of $576.94. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market capitalization of $509.97 billion, a P/E ratio of 42.03, a P/E/G ratio of 2.17 and a beta of 1.10.
Mastercard (NYSE:MA - Get Free Report) last released its earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.71 by $0.11. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. Research analysts forecast that Mastercard will post 14.47 EPS for the current year.
Mastercard announced that its board has initiated a stock repurchase plan on Tuesday, December 17th that allows the company to buyback $12.00 billion in shares. This buyback authorization allows the credit services provider to repurchase up to 2.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.
Hedge Funds Weigh In On Mastercard
A number of hedge funds have recently modified their holdings of the company. Global Retirement Partners LLC boosted its stake in shares of Mastercard by 2.4% during the 4th quarter. Global Retirement Partners LLC now owns 11,968 shares of the credit services provider's stock valued at $6,302,000 after purchasing an additional 285 shares in the last quarter. Semus Wealth Partners LLC grew its holdings in Mastercard by 5.0% during the fourth quarter. Semus Wealth Partners LLC now owns 3,230 shares of the credit services provider's stock valued at $1,701,000 after purchasing an additional 155 shares during the period. SilverOak Wealth Management LLC purchased a new position in shares of Mastercard during the 4th quarter valued at $214,000. Beirne Wealth Consulting Services LLC purchased a new stake in Mastercard in the 4th quarter worth $211,000. Finally, Atlas Legacy Advisors LLC bought a new stake in Mastercard during the fourth quarter valued at about $749,000. Hedge funds and other institutional investors own 97.28% of the company's stock.
About Mastercard
(
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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.
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