Mastercard (NYSE:MA) Stock Rating Upgraded by Wall Street Zen

Mastercard (NYSE:MAGet Free Report) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Sunday.

Other equities research analysts have also issued reports about the stock. Tigress Financial increased their target price on shares of Mastercard from $730.00 to $735.00 and gave the stock a “strong-buy” rating in a research note on Friday. Wells Fargo & Company upped their price target on Mastercard from $660.00 to $668.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. Evercore set a $610.00 price objective on Mastercard in a report on Friday, December 12th. Dbs Bank upgraded Mastercard to a “moderate buy” rating in a research report on Friday, February 6th. Finally, Morgan Stanley upped their target price on Mastercard from $665.00 to $678.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. Six analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Mastercard has an average rating of “Buy” and a consensus target price of $670.83.

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Mastercard Price Performance

NYSE:MA opened at $507.64 on Friday. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.03 and a quick ratio of 1.03. The company has a 50 day moving average price of $531.70 and a 200-day moving average price of $553.47. Mastercard has a 1-year low of $465.59 and a 1-year high of $601.77. The firm has a market cap of $452.71 billion, a price-to-earnings ratio of 30.73, a price-to-earnings-growth ratio of 1.61 and a beta of 0.83.

Mastercard (NYSE:MAGet Free Report) last announced its quarterly earnings results on Thursday, January 29th. The credit services provider reported $4.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.24 by $0.52. Mastercard had a net margin of 45.65% and a return on equity of 203.92%. The firm had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $8.80 billion. During the same period in the prior year, the firm posted $3.82 earnings per share. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year. Equities research analysts forecast that Mastercard will post 15.91 EPS for the current year.

Hedge Funds Weigh In On Mastercard

A number of hedge funds have recently made changes to their positions in MA. Brighton Jones LLC boosted its stake in Mastercard by 42.3% during the 4th quarter. Brighton Jones LLC now owns 6,824 shares of the credit services provider’s stock worth $3,594,000 after purchasing an additional 2,028 shares during the last quarter. Schnieders Capital Management LLC. raised its position in shares of Mastercard by 8.5% in the second quarter. Schnieders Capital Management LLC. now owns 2,548 shares of the credit services provider’s stock valued at $1,432,000 after buying an additional 200 shares during the last quarter. Westwood Holdings Group Inc. raised its position in shares of Mastercard by 4.6% in the second quarter. Westwood Holdings Group Inc. now owns 1,160 shares of the credit services provider’s stock valued at $652,000 after buying an additional 51 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in shares of Mastercard by 0.7% in the second quarter. Avantax Advisory Services Inc. now owns 48,813 shares of the credit services provider’s stock worth $27,430,000 after buying an additional 339 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board purchased a new position in shares of Mastercard in the second quarter worth about $618,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

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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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