Mastercard Incorporated (NYSE:MA) Receives $657.48 Average Price Target from Analysts

Shares of Mastercard Incorporated (NYSE:MAGet Free Report) have received an average recommendation of “Buy” from the twenty-nine research firms that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, twenty-one have assigned a buy recommendation and five have given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $657.48.

A number of research firms have weighed in on MA. Hsbc Global Res upgraded shares of Mastercard from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 8th. Wall Street Zen downgraded shares of Mastercard from a “buy” rating to a “hold” rating in a research report on Sunday, December 14th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Mastercard in a research note on Wednesday, October 8th. Wells Fargo & Company cut their price objective on Mastercard from $669.00 to $660.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Finally, Cowen reissued a “buy” rating on shares of Mastercard in a report on Friday, October 31st.

Read Our Latest Analysis on MA

Mastercard Stock Performance

Shares of MA stock opened at $576.68 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.40. Mastercard has a 12-month low of $465.59 and a 12-month high of $601.77. The business’s 50 day moving average is $554.34 and its two-hundred day moving average is $565.68. The company has a market capitalization of $517.86 billion, a P/E ratio of 36.87, a P/E/G ratio of 2.26 and a beta of 0.87.

Mastercard (NYSE:MAGet Free Report) last announced its earnings results on Thursday, October 30th. The credit services provider reported $4.38 earnings per share for the quarter, topping the consensus estimate of $4.31 by $0.07. Mastercard had a return on equity of 202.03% and a net margin of 45.28%.The business had revenue of $8.60 billion during the quarter, compared to the consensus estimate of $8.53 billion. During the same period in the prior year, the company posted $3.89 EPS. The business’s quarterly revenue was up 16.7% on a year-over-year basis. Analysts expect that Mastercard will post 15.91 EPS for the current fiscal year.

Mastercard Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 9th. Investors of record on Friday, January 9th will be paid a $0.87 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $3.48 annualized dividend and a yield of 0.6%. This is an increase from Mastercard’s previous quarterly dividend of $0.76. Mastercard’s dividend payout ratio is currently 19.44%.

More Mastercard News

Here are the key news stories impacting Mastercard this week:

Institutional Investors Weigh In On Mastercard

A number of large investors have recently modified their holdings of MA. Kingstone Capital Partners Texas LLC purchased a new stake in Mastercard during the 2nd quarter valued at about $11,421,213,000. Laurel Wealth Advisors LLC boosted its holdings in shares of Mastercard by 55,868.1% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 13,421,148 shares of the credit services provider’s stock worth $7,541,880,000 after purchasing an additional 13,397,168 shares during the last quarter. Norges Bank acquired a new position in shares of Mastercard during the 2nd quarter worth approximately $6,725,317,000. Massachusetts Financial Services Co. MA grew its position in shares of Mastercard by 25.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,372,404 shares of the credit services provider’s stock valued at $3,580,909,000 after purchasing an additional 1,299,977 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Mastercard by 2.8% in the third quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock valued at $20,807,283,000 after purchasing an additional 997,536 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

About Mastercard

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Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.

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Analyst Recommendations for Mastercard (NYSE:MA)

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