Mastercard Inc (MA) Rating Lowered to Buy at BidaskClub

Mastercard Inc (NYSE:MA) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.

A number of other brokerages have also recently issued reports on MA. Loop Capital assumed coverage on Mastercard in a research report on Tuesday, February 14th. They set a “buy” rating and a $119.00 target price for the company. Vetr cut Mastercard from a “strong-buy” rating to a “buy” rating and set a $121.89 target price for the company. in a research report on Tuesday, February 14th. Cowen and Company reaffirmed an “outperform” rating and set a $122.00 target price on shares of Mastercard in a research report on Monday, March 6th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $123.00 target price on shares of Mastercard in a research report on Saturday, March 11th. Finally, Jefferies Group LLC set a $123.00 target price on Mastercard and gave the stock a “buy” rating in a research report on Saturday, March 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $119.58.

Analyst Recommendations for Mastercard (NYSE:MA)

Shares of Mastercard (NYSE:MA) traded down 1.38% on Friday, reaching $123.04. 3,557,223 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is $119.25 and its 200-day moving average price is $111.18. Mastercard has a 12 month low of $86.65 and a 12 month high of $126.19. The company has a market capitalization of $131.88 billion, a P/E ratio of 32.13 and a beta of 1.26.

Mastercard (NYSE:MA) last released its quarterly earnings data on Tuesday, May 2nd. The credit services provider reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.07. Mastercard had a return on equity of 71.09% and a net margin of 37.67%. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the prior year, the company posted $0.86 earnings per share. The firm’s revenue was up 11.8% on a year-over-year basis. On average, equities analysts anticipate that Mastercard will post $4.31 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Mastercard Inc (MA) Rating Lowered to Buy at BidaskClub” was originally reported by sleekmoney and is the sole property of of sleekmoney. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece can be read at https://sleekmoney.com/mastercard-inc-ma-rating-lowered-to-buy-at-bidaskclub/1898466.html.

In other Mastercard news, insider Gary J. Flood sold 83,959 shares of the stock in a transaction on Monday, April 24th. The stock was sold at an average price of $115.43, for a total transaction of $9,691,387.37. Following the completion of the transaction, the insider now directly owns 78,819 shares in the company, valued at $9,098,077.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard Haythornthwaite sold 5,000 shares of the stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $112.24, for a total value of $561,200.00. Following the transaction, the director now owns 49,313 shares of the company’s stock, valued at $5,534,891.12. The disclosure for this sale can be found here. Insiders have sold 274,829 shares of company stock valued at $31,928,440 over the last quarter. Corporate insiders own 3.14% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MA. Vanguard Group Inc. raised its position in Mastercard by 2.9% in the first quarter. Vanguard Group Inc. now owns 63,807,040 shares of the credit services provider’s stock valued at $7,176,378,000 after buying an additional 1,814,116 shares in the last quarter. BlackRock Inc. raised its position in Mastercard by 2,556.7% in the first quarter. BlackRock Inc. now owns 60,107,571 shares of the credit services provider’s stock valued at $6,760,298,000 after buying an additional 57,845,119 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Mastercard by 10.4% in the third quarter. Price T Rowe Associates Inc. MD now owns 43,801,206 shares of the credit services provider’s stock valued at $4,457,649,000 after buying an additional 4,111,803 shares in the last quarter. State Street Corp raised its position in Mastercard by 0.4% in the first quarter. State Street Corp now owns 37,454,824 shares of the credit services provider’s stock valued at $4,212,546,000 after buying an additional 140,515 shares in the last quarter. Finally, Morgan Stanley raised its position in Mastercard by 2.0% in the first quarter. Morgan Stanley now owns 16,427,836 shares of the credit services provider’s stock valued at $1,847,639,000 after buying an additional 328,280 shares in the last quarter. Hedge funds and other institutional investors own 75.53% of the company’s stock.

Mastercard Company Profile

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/mastercard-inc-ma-rating-lowered-to-buy-at-bidaskclub/1898466.html

Receive News & Ratings for Mastercard Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mastercard Inc and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *