Mastercard (NYSE:MA) Price Target Cut to $525.00

Mastercard (NYSE:MAGet Free Report) had its price target dropped by Evercore ISI from $540.00 to $525.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the credit services provider’s stock. Evercore ISI’s target price would indicate a potential upside of 15.12% from the company’s current price.

A number of other equities analysts have also recently issued reports on MA. JPMorgan Chase & Co. dropped their price objective on shares of Mastercard from $520.00 to $510.00 and set an “overweight” rating for the company in a research note on Thursday, May 2nd. Piper Sandler assumed coverage on shares of Mastercard in a research note on Monday, May 13th. They issued an “overweight” rating and a $531.00 price objective for the company. Mizuho dropped their price objective on shares of Mastercard from $480.00 to $478.00 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Morgan Stanley lowered their target price on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Finally, TD Cowen began coverage on shares of Mastercard in a report on Thursday, April 11th. They issued a “buy” rating and a $545.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $496.91.

Check Out Our Latest Report on MA

Mastercard Stock Down 0.2 %

MA traded down $0.92 on Tuesday, reaching $456.04. 590,965 shares of the company traded hands, compared to its average volume of 2,424,191. The stock’s 50 day moving average price is $452.25 and its 200-day moving average price is $452.47. Mastercard has a 52-week low of $359.77 and a 52-week high of $490.00. The company has a market cap of $423.94 billion, a price-to-earnings ratio of 36.25, a PEG ratio of 1.78 and a beta of 1.09. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.09 and a quick ratio of 1.09.

Mastercard (NYSE:MAGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The credit services provider reported $3.31 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.09. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. Mastercard had a net margin of 46.09% and a return on equity of 183.70%. The firm’s revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.80 earnings per share. On average, sell-side analysts expect that Mastercard will post 14.22 EPS for the current fiscal year.

Insider Buying and Selling at Mastercard

In other news, major shareholder Foundation Mastercard sold 109,000 shares of the business’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $457.46, for a total value of $49,863,140.00. Following the completion of the sale, the insider now owns 97,215,308 shares of the company’s stock, valued at $44,472,114,797.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Sandra A. Arkell sold 300 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $447.23, for a total transaction of $134,169.00. Following the completion of the sale, the insider now owns 4,063 shares of the company’s stock, valued at $1,817,095.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Foundation Mastercard sold 109,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $457.46, for a total transaction of $49,863,140.00. Following the sale, the insider now directly owns 97,215,308 shares of the company’s stock, valued at approximately $44,472,114,797.68. The disclosure for this sale can be found here. Insiders have sold a total of 2,894,228 shares of company stock worth $1,305,811,390 over the last ninety days. Insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Altshuler Shaham Ltd acquired a new position in shares of Mastercard in the fourth quarter valued at approximately $26,000. VitalStone Financial LLC increased its position in Mastercard by 300.0% during the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after purchasing an additional 45 shares during the period. LFA Lugano Financial Advisors SA acquired a new stake in Mastercard during the 4th quarter valued at approximately $27,000. Westend Capital Management LLC acquired a new stake in Mastercard during the 1st quarter valued at approximately $27,000. Finally, Palisade Asset Management LLC acquired a new stake in shares of Mastercard during the 1st quarter worth approximately $27,000. 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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