Analysts Set Mastercard Incorporated (MA) Target Price at $177.86
Shares of Mastercard Incorporated (NYSE:MA) have received an average recommendation of “Buy” from the thirty-four analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirty-one have issued a buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $177.86.
A number of equities research analysts have recently commented on MA shares. KeyCorp restated a “buy” rating and set a $165.00 target price on shares of Mastercard in a research report on Wednesday, October 18th. Royal Bank of Canada cut Mastercard from a “top pick” rating to an “outperform” rating and set a $130.00 target price on the stock. in a research report on Thursday, January 4th. Guggenheim restated a “buy” rating and set a $201.00 target price on shares of Mastercard in a research report on Friday, February 2nd. BMO Capital Markets restated an “outperform” rating and set a $174.00 target price (up from $157.00) on shares of Mastercard in a research report on Wednesday, November 1st. Finally, Piper Jaffray Companies raised their target price on Mastercard from $208.00 to $212.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd.
Shares of Mastercard (MA) opened at $160.62 on Tuesday. Mastercard has a 12-month low of $106.50 and a 12-month high of $177.11. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.66 and a current ratio of 1.57. The company has a market capitalization of $178,628.03, a PE ratio of 44.01, a PEG ratio of 1.57 and a beta of 1.26.
Mastercard declared that its board has authorized a share buyback program on Monday, December 4th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the credit services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Monday, April 9th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date is Friday, April 6th. Mastercard’s dividend payout ratio (DPR) is 27.40%.
In other Mastercard news, insider Edward Grunde Mclaughlin sold 17,167 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $151.81, for a total value of $2,606,122.27. Following the transaction, the insider now directly owns 47,901 shares of the company’s stock, valued at approximately $7,271,850.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.30% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Mastercard by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 65,297,307 shares of the credit services provider’s stock valued at $7,930,357,000 after buying an additional 1,490,267 shares during the period. Janus Henderson Group PLC raised its position in shares of Mastercard by 784.3% during the 2nd quarter. Janus Henderson Group PLC now owns 16,870,229 shares of the credit services provider’s stock valued at $2,048,899,000 after buying an additional 14,962,583 shares during the period. Jennison Associates LLC raised its position in shares of Mastercard by 0.5% during the 4th quarter. Jennison Associates LLC now owns 15,246,959 shares of the credit services provider’s stock valued at $2,307,780,000 after buying an additional 82,024 shares during the period. Capital Research Global Investors raised its position in shares of Mastercard by 15.8% during the 2nd quarter. Capital Research Global Investors now owns 12,685,589 shares of the credit services provider’s stock valued at $1,540,665,000 after buying an additional 1,729,179 shares during the period. Finally, Capital World Investors raised its position in shares of Mastercard by 2.3% during the 2nd quarter. Capital World Investors now owns 12,675,652 shares of the credit services provider’s stock valued at $1,539,458,000 after buying an additional 289,488 shares during the period. 75.79% of the stock is currently owned by institutional investors and hedge funds.
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.
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