Analysts Set Mastercard Incorporated (NYSE:MA) Target Price at $670.61

Shares of Mastercard Incorporated (NYSE:MAGet Free Report) have received an average recommendation of “Buy” from the twenty-five research firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, seventeen have given a buy recommendation and six have issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $670.6087.

Several brokerages have recently commented on MA. JPMorgan Chase & Co. dropped their price target on shares of Mastercard from $685.00 to $655.00 and set an “overweight” rating on the stock in a research note on Friday, January 30th. TD Cowen upped their price objective on shares of Mastercard from $668.00 to $671.00 and gave the stock a “buy” rating in a report on Friday, January 30th. Compass Point raised shares of Mastercard from a “neutral” rating to a “buy” rating and increased their target price for the stock from $620.00 to $735.00 in a research report on Tuesday, January 13th. The Goldman Sachs Group restated a “buy” rating and set a $739.00 target price on shares of Mastercard in a report on Thursday, January 29th. Finally, Dbs Bank raised Mastercard to a “moderate buy” rating in a research report on Friday, February 6th.

Get Our Latest Stock Analysis on MA

Hedge Funds Weigh In On Mastercard

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. E Fund Management Hong Kong Co. Ltd. grew its stake in Mastercard by 820.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 46 shares of the credit services provider’s stock valued at $26,000 after buying an additional 41 shares during the last quarter. Strive Financial Group LLC acquired a new position in Mastercard during the 4th quarter worth $27,000. Evolution Wealth Management Inc. bought a new stake in Mastercard during the second quarter valued at about $29,000. Hyposwiss Advisors SA bought a new stake in Mastercard during the 4th quarter valued at approximately $29,000. Finally, Robbins Farley boosted its position in shares of Mastercard by 50.0% in the third quarter. Robbins Farley now owns 54 shares of the credit services provider’s stock valued at $31,000 after acquiring an additional 18 shares during the period. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Trading Down 0.5%

Shares of NYSE MA opened at $521.82 on Friday. The business has a 50 day simple moving average of $539.50 and a 200 day simple moving average of $557.13. Mastercard has a 52 week low of $465.59 and a 52 week high of $601.77. The stock has a market cap of $465.37 billion, a price-to-earnings ratio of 31.59, a PEG ratio of 1.69 and a beta of 0.83. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.03 and a current ratio of 1.03.

Mastercard (NYSE:MAGet Free Report) last issued its quarterly earnings data on Thursday, January 29th. The credit services provider reported $4.76 earnings per share for the quarter, beating the consensus estimate of $4.24 by $0.52. The firm had revenue of $8.81 billion for the quarter, compared to analyst estimates of $8.80 billion. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter last year, the firm earned $3.82 earnings per share. On average, research analysts predict that Mastercard will post 15.91 earnings per share for the current fiscal year.

Mastercard Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 8th. Investors of record on Thursday, April 9th will be issued a $0.87 dividend. This represents a $3.48 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, April 9th. Mastercard’s payout ratio is 21.07%.

Key Stories Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

Mastercard Company Profile

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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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