Mastercard (NYSE:MA - Get Free Report) had its target price hoisted by investment analysts at JPMorgan Chase & Co. from $590.00 to $610.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the credit services provider's stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 8.39% from the stock's current price.
Several other analysts have also issued reports on MA. Royal Bank of Canada reaffirmed an "outperform" rating and set a $572.00 price target on shares of Mastercard in a research report on Thursday, November 14th. Oppenheimer dropped their target price on shares of Mastercard from $591.00 to $588.00 and set an "outperform" rating on the stock in a report on Thursday, December 19th. Mizuho lifted their price target on Mastercard from $496.00 to $532.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Piper Sandler restated an "overweight" rating and issued a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a research note on Friday. Finally, William Blair reiterated an "outperform" rating on shares of Mastercard in a research note on Friday. Four equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Mastercard has an average rating of "Moderate Buy" and an average target price of $584.68.
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Shares of Mastercard stock traded down $3.23 during trading hours on Friday, reaching $562.78. 1,929,943 shares of the company's stock were exchanged, compared to its average volume of 2,735,512. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 2.36. The company has a 50 day moving average of $527.58 and a two-hundred day moving average of $500.25. The stock has a market cap of $516.54 billion, a P/E ratio of 42.61, a P/E/G ratio of 2.17 and a beta of 1.10. Mastercard has a fifty-two week low of $428.86 and a fifty-two week high of $576.94.
Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 earnings per share for the quarter, beating analysts' consensus estimates of $3.71 by $0.11. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. On average, sell-side analysts forecast that Mastercard will post 14.47 EPS for the current fiscal year.
Mastercard declared that its Board of Directors has approved a stock repurchase plan on Tuesday, December 17th that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the credit services provider to purchase up to 2.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital Investment Advisory Services LLC increased its stake in Mastercard by 0.6% in the 4th quarter. Capital Investment Advisory Services LLC now owns 3,135 shares of the credit services provider's stock worth $1,651,000 after acquiring an additional 19 shares during the last quarter. Capital Investment Services of America Inc. grew its holdings in shares of Mastercard by 4.2% during the fourth quarter. Capital Investment Services of America Inc. now owns 475 shares of the credit services provider's stock worth $250,000 after purchasing an additional 19 shares in the last quarter. Augustine Asset Management Inc. increased its position in shares of Mastercard by 1.1% in the fourth quarter. Augustine Asset Management Inc. now owns 1,797 shares of the credit services provider's stock worth $946,000 after purchasing an additional 19 shares during the last quarter. Goldstein Advisors LLC raised its stake in Mastercard by 1.3% in the third quarter. Goldstein Advisors LLC now owns 1,516 shares of the credit services provider's stock valued at $749,000 after purchasing an additional 20 shares in the last quarter. Finally, Community Bank N.A. lifted its position in Mastercard by 0.9% during the third quarter. Community Bank N.A. now owns 2,190 shares of the credit services provider's stock valued at $1,081,000 after purchasing an additional 20 shares during the last quarter. 97.28% of the stock is currently owned by institutional investors.
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.
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