Mastercard (NYSE:MA) had its price objective boosted by Citigroup from $288.00 to $317.00 in a report published on Monday, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the credit services provider’s stock.

A number of other analysts have also issued reports on the stock. Morgan Stanley increased their price target on shares of Mastercard from $269.00 to $291.00 and gave the stock an overweight rating in a research report on Thursday, July 11th. Wells Fargo & Co increased their price target on shares of Mastercard from $285.00 to $305.00 and gave the stock an outperform rating in a research report on Wednesday, July 10th. Barclays increased their price target on shares of Mastercard from $310.00 to $319.00 and gave the stock an overweight rating in a research report on Monday, August 5th. Susquehanna Bancshares increased their price objective on Mastercard from $293.00 to $320.00 and gave the stock a buy rating in a report on Wednesday, July 31st. Finally, Wedbush increased their price objective on Mastercard from $261.00 to $287.00 and gave the stock an outperform rating in a report on Thursday, June 13th. Two equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Mastercard has a consensus rating of Buy and a consensus target price of $295.55.

NYSE MA opened at $276.40 on Monday. The company has a 50 day simple moving average of $276.96 and a 200-day simple moving average of $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. The firm has a market capitalization of $278.64 billion, a price-to-earnings ratio of 42.59, a price-to-earnings-growth ratio of 2.23 and a beta of 1.08. Mastercard has a 52-week low of $171.89 and a 52-week high of $293.69.

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

In other Mastercard news, Vice Chairman Ann Cairns sold 51,850 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $259.80, for a total transaction of $13,470,630.00. Following the transaction, the insider now owns 134,120 shares in the company, valued at $34,844,376. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael Miebach sold 2,770 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $285.00, for a total value of $789,450.00. Following the transaction, the insider now owns 12,778 shares in the company, valued at approximately $3,641,730. The disclosure for this sale can be found here. Insiders sold 200,307 shares of company stock worth $54,217,743 in the last 90 days. 3.70% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC grew its stake in shares of Mastercard by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 12,431,997 shares of the credit services provider’s stock worth $2,341,383,000 after acquiring an additional 416,095 shares during the last quarter. Altman Advisors Inc. grew its stake in shares of Mastercard by 16.6% in the first quarter. Altman Advisors Inc. now owns 8,612 shares of the credit services provider’s stock worth $2,028,000 after acquiring an additional 1,225 shares during the last quarter. Columbus Circle Investors grew its stake in shares of Mastercard by 5.2% in the first quarter. Columbus Circle Investors now owns 273,349 shares of the credit services provider’s stock worth $64,360,000 after acquiring an additional 13,553 shares during the last quarter. RDL Financial Inc. grew its stake in shares of Mastercard by 0.8% in the first quarter. RDL Financial Inc. now owns 12,675 shares of the credit services provider’s stock worth $2,984,000 after acquiring an additional 104 shares during the last quarter. Finally, West Coast Financial LLC grew its stake in shares of Mastercard by 4.2% in the first quarter. West Coast Financial LLC now owns 58,707 shares of the credit services provider’s stock worth $13,823,000 after acquiring an additional 2,340 shares during the last quarter. Institutional investors own 74.68% of the company’s stock.

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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