Mastercard (NYSE:MA) Stock Price Expected to Rise, TD Cowen Analyst Says

Mastercard (NYSE:MA) had its target price boosted by investment analysts at TD Cowen from $533.00 to $567.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the credit services provider’s stock. TD Cowen’s price objective points to a potential upside of 8.67% from the stock’s previous close.

Several other analysts also recently issued reports on MA. Oppenheimer started coverage on Mastercard in a research report on Tuesday, October 1st. They issued an “outperform” rating and a $591.00 price objective on the stock. Piper Sandler reissued an “overweight” rating and issued a $575.00 price objective (up from $565.00) on shares of Mastercard in a report on Friday. JPMorgan Chase & Co. dropped their price target on shares of Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Royal Bank of Canada restated an “outperform” rating and issued a $572.00 target price on shares of Mastercard in a research report on Thursday. Finally, KeyCorp boosted their target price on Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Four research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $549.16.

Mastercard Price Performance

Shares of NYSE MA traded up $1.38 during midday trading on Friday, hitting $521.78. The stock had a trading volume of 1,181,955 shares, compared to its average volume of 2,446,612. Mastercard has a 1 year low of $395.55 and a 1 year high of $534.03. The company has a market capitalization of $478.91 billion, a PE ratio of 39.43, a P/E/G ratio of 2.28 and a beta of 1.10. The stock has a 50 day simple moving average of $503.18 and a 200-day simple moving average of $470.59. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.36.

Mastercard (NYSE:MA) last posted its earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.73 by $0.16. The firm had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. Mastercard’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.39 EPS. On average, sell-side analysts expect that Mastercard will post 14.45 EPS for the current fiscal year.

Insider Buying and Selling at Mastercard

In other news, major shareholder Foundation Mastercard sold 90,000 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $468.80, for a total transaction of $42,192,000.00. Following the transaction, the insider now directly owns 91,649,308 shares in the company, valued at $42,965,195,590.40. The trade was a 0.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the completion of the sale, the chief marketing officer now owns 17,118 shares in the company, valued at approximately $8,440,885.80. This trade represents a 21.49 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 208,370 shares of company stock valued at $97,749,218. 0.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Mastercard

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Highline Wealth Partners LLC bought a new position in shares of Mastercard during the third quarter valued at $25,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Mastercard in the 2nd quarter valued at about $34,000. Fairway Wealth LLC bought a new stake in shares of Mastercard in the 2nd quarter valued at $35,000. First Personal Financial Services bought a new stake in Mastercard in the third quarter valued at $39,000. Finally, Lowe Wealth Advisors LLC raised its position in shares of Mastercard by 74.0% during the third quarter. Lowe Wealth Advisors LLC now owns 87 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 37 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.