Mastercard (NYSE:MA) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Mastercard (NYSE:MA) had its target price lifted by investment analysts at Jefferies Financial Group from $590.00 to $610.00 in a report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the credit services provider’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 16.28% from the stock’s current price.

A number of other brokerages have also issued reports on MA. TD Cowen increased their target price on shares of Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research report on Friday, November 15th. William Blair reiterated an “outperform” rating on shares of Mastercard in a report on Monday, November 25th. KeyCorp boosted their price objective on Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Barclays raised their target price on Mastercard from $536.00 to $576.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Mastercard from $510.00 to $580.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $559.28.

Mastercard Stock Performance

Shares of NYSE:MA traded down $3.99 during trading hours on Monday, hitting $524.58. The stock had a trading volume of 944,063 shares, compared to its average volume of 2,454,705. The stock’s fifty day simple moving average is $513.84 and its 200 day simple moving average is $478.81. The firm has a market capitalization of $481.48 billion, a price-to-earnings ratio of 39.66, a PEG ratio of 2.35 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. Mastercard has a 1-year low of $411.60 and a 1-year high of $535.77.

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

Insider Activity

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $489.86, for a total transaction of $2,294,994.10. Following the transaction, the chief marketing officer now owns 15,031 shares in the company, valued at $7,363,085.66. This trade represents a 23.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Mastercard

A number of hedge funds have recently bought and sold shares of MA. Highline Wealth Partners LLC acquired a new position in shares of Mastercard during the 3rd quarter worth about $25,000. Strategic Investment Solutions Inc. IL bought a new position in Mastercard in the 2nd quarter worth approximately $34,000. Fairway Wealth LLC acquired a new position in shares of Mastercard during the second quarter worth approximately $35,000. First Personal Financial Services bought a new stake in shares of Mastercard in the third quarter valued at approximately $39,000. Finally, Lowe Wealth Advisors LLC grew its stake in shares of Mastercard by 74.0% in the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after acquiring an additional 37 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.

Mastercard Company Profile

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.