Mastercard (MA) PT Raised to $259.00 at Oppenheimer
Mastercard (NYSE:MA) had its target price increased by investment analysts at Oppenheimer from $242.00 to $259.00 in a report issued on Wednesday, BenzingaRatingsTable reports. The brokerage currently has an “outperform” rating on the credit services provider’s stock. Oppenheimer’s price target points to a potential upside of 7.52% from the stock’s previous close. Oppenheimer also issued estimates for Mastercard’s Q1 2019 earnings at $1.66 EPS.
Several other analysts also recently commented on the company. Edward Jones raised Mastercard from a “hold” rating to a “buy” rating in a research note on Wednesday, December 26th. Jefferies Financial Group started coverage on Mastercard in a research note on Monday, January 28th. They set a “buy” rating for the company. Wells Fargo & Co reduced their price objective on Mastercard from $235.00 to $228.00 and set an “outperform” rating for the company in a research note on Thursday, January 3rd. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $245.00 price objective on shares of Mastercard in a research note on Friday, December 21st. Finally, Barclays reaffirmed a “buy” rating on shares of Mastercard in a research note on Sunday, February 3rd. Three research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $233.48.
MA opened at $240.89 on Wednesday. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.08. The company has a market cap of $247.24 billion, a price-to-earnings ratio of 37.12, a P/E/G ratio of 1.90 and a beta of 1.14. Mastercard has a 52 week low of $170.65 and a 52 week high of $242.65.
In other news, insider Edward Grunde Mclaughlin sold 20,269 shares of the stock in a transaction that occurred on Tuesday, January 22nd. The stock was sold at an average price of $199.53, for a total transaction of $4,044,273.57. Following the completion of the transaction, the insider now directly owns 37,374 shares of the company’s stock, valued at approximately $7,457,234.22. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, General Counsel Timothy H. Murphy sold 60,428 shares of the stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $230.31, for a total value of $13,917,172.68. Following the transaction, the general counsel now directly owns 46,331 shares of the company’s stock, valued at $10,670,492.61. The disclosure for this sale can be found here. Over the last three months, insiders have sold 99,716 shares of company stock valued at $22,428,540. Company insiders own 0.32% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Focused Wealth Management Inc acquired a new stake in shares of Mastercard in the 4th quarter worth approximately $25,000. Valley National Advisers Inc. grew its holdings in shares of Mastercard by 210.9% in the 4th quarter. Valley National Advisers Inc. now owns 143 shares of the credit services provider’s stock worth $27,000 after acquiring an additional 97 shares during the period. Ruggie Capital Group acquired a new stake in shares of Mastercard in the 4th quarter worth approximately $27,000. New Capital Management LP grew its holdings in shares of Mastercard by 50.0% in the 4th quarter. New Capital Management LP now owns 150 shares of the credit services provider’s stock worth $28,000 after acquiring an additional 50 shares during the period. Finally, Avondale Wealth Management acquired a new stake in shares of Mastercard in the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 75.55% of the company’s stock.
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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