Keefe, Bruyette & Woods Issues Positive Forecast for Mastercard (NYSE:MA) Stock Price

Mastercard (NYSE:MA) had its target price upped by analysts at Keefe, Bruyette & Woods from $580.00 to $618.00 in a report issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the credit services provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 17.73% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. lowered their price objective on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Macquarie increased their target price on Mastercard from $505.00 to $565.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Compass Point began coverage on Mastercard in a report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 price target on the stock. TD Cowen increased their price objective on Mastercard from $533.00 to $567.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Piper Sandler reissued an “overweight” rating and issued a $575.00 target price (up previously from $565.00) on shares of Mastercard in a research report on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Mastercard has an average rating of “Moderate Buy” and an average target price of $554.08.

Mastercard Trading Down 0.7 %

Shares of Mastercard stock traded down $3.66 during trading on Monday, reaching $524.91. 692,767 shares of the company were exchanged, compared to its average volume of 2,453,410. The business has a 50-day moving average price of $513.84 and a 200-day moving average price of $478.81. The firm has a market capitalization of $481.78 billion, a price-to-earnings ratio of 39.71, a P/E/G ratio of 2.35 and a beta of 1.10. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36. Mastercard has a twelve month low of $411.60 and a twelve month high of $535.77.

Mastercard (NYSE:MA) last announced its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. The business had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. Mastercard’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period last year, the company posted $3.39 EPS. Sell-side analysts anticipate that Mastercard will post 14.47 EPS for the current fiscal year.

Insider Buying and Selling

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of Mastercard stock in a transaction on 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 completion of the transaction, the chief marketing officer now directly owns 15,031 shares of the company’s stock, valued at $7,363,085.66. The trade was a 23.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. International Assets Investment Management LLC lifted its holdings in shares of Mastercard by 120,665.3% during the 3rd quarter. International Assets Investment Management LLC now owns 8,041,758 shares of the credit services provider’s stock worth $3,971,020,000 after acquiring an additional 8,035,099 shares during the period. Bank of Montreal Can lifted its stake in Mastercard by 51.7% during the third quarter. Bank of Montreal Can now owns 5,765,714 shares of the credit services provider’s stock worth $2,846,187,000 after purchasing an additional 1,965,782 shares during the last quarter. FMR LLC boosted its holdings in shares of Mastercard by 3.4% in the 3rd quarter. FMR LLC now owns 21,355,081 shares of the credit services provider’s stock valued at $10,545,139,000 after purchasing an additional 700,769 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Mastercard by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 18,375,053 shares of the credit services provider’s stock valued at $9,043,972,000 after purchasing an additional 453,773 shares during the last quarter. Finally, Montrusco Bolton Investments Inc. lifted its position in shares of Mastercard by 52.8% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 1,185,081 shares of the credit services provider’s stock worth $573,017,000 after buying an additional 409,334 shares during the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

About Mastercard

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.