MasterCard’s Neutral Rating Reaffirmed at Janney Montgomery Scott (MA)
MasterCard (NYSE: MA)‘s stock had its “neutral” rating restated by equities researchers at Janney Montgomery Scott in a report issued on Friday. They currently have a $425.00 target price on the stock.
MasterCard traded down 0.04% on Friday, hitting $517.63. MasterCard has a 52-week low of $389.90 and a 52-week high of $535.35. The stock’s 50-day moving average is currently $519.8. The company has a market cap of $63.549 billion and a price-to-earnings ratio of 23.60.
MasterCard last issued its quarterly earnings data on Thursday, January 31st. The company reported $4.86 EPS for the quarter, beating the Thomson Reuters consensus estimate of $4.81 by $0.05. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the prior year, the company posted $4.03 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. On average, analysts predict that MasterCard will post $25.46 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on MA. Analysts at UBS AG upgraded shares of MasterCard from a “sell” rating to a “neutral” rating in a research note to investors on Thursday, February 21st. They now have a $519.00 price target on the stock, up previously from $425.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of MasterCard in a research note to investors on Friday, February 1st. They now have a $544.00 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of MasterCard from $550.00 to $608.00 in a research note to investors on Friday, February 1st. They now have an “outperform” rating on the stock.
Twenty-five research analysts have rated the stock with a buy rating, two have issued an overweight rating, and nine have assigned a hold rating to the company. The company has an average rating of “overweight” and an average target price of $579.58.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, May 9th. Investors of record on Tuesday, April 9th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Friday, April 5th. This is an increase from MasterCard’s previous quarterly dividend of $0.30.
MasterCard Incorporated (MasterCard) is a global payments and technology company that connects consumers, financial institutions, merchants, Governments and businesses worldwide, enabling them to use electronic forms of payment instead of cash and checks.
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