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.

Mastercard (NYSE:MA) last posted its quarterly earnings data on Thursday, January 31st. The credit services provider reported $1.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.03. The firm had revenue of $3.81 billion during the quarter, compared to the consensus estimate of $3.79 billion. Mastercard had a return on equity of 122.25% and a net margin of 39.19%. On average, equities research analysts expect that Mastercard will post 7.56 earnings per share for the current fiscal year.

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.

About Mastercard

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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Analyst Recommendations for Mastercard (NYSE:MA)

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