KeyCorp Forecasts Strong Price Appreciation for Mastercard (NYSE:MA) Stock

Mastercard (NYSE:MA - Get Free Report) had its price target hoisted by stock analysts at KeyCorp from $630.00 to $635.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an "overweight" rating on the credit services provider's stock. KeyCorp's price target indicates a potential upside of 12.77% from the stock's current price.

MA has been the topic of a number of other reports. William Blair restated an "outperform" rating on shares of Mastercard in a research report on Friday, January 31st. Citigroup boosted their price objective on shares of Mastercard from $584.00 to $650.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Monness Crespi & Hardt downgraded Mastercard from a "buy" rating to a "neutral" rating in a report on Wednesday, April 9th. Piper Sandler reissued an "overweight" rating and set a $635.00 price objective (up previously from $591.00) on shares of Mastercard in a report on Friday, January 31st. Finally, The Goldman Sachs Group reiterated a "buy" rating and set a $633.00 price target on shares of Mastercard in a research report on Wednesday, April 2nd. Six analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $606.25.

Mastercard Stock Up 0.7 %

Shares of NYSE MA traded up $4.08 during midday trading on Friday, reaching $563.07. 1,217,392 shares of the company's stock traded hands, compared to its average volume of 2,602,539. The stock's 50 day simple moving average is $532.24 and its 200-day simple moving average is $532.12. The company has a market cap of $513.36 billion, a price-to-earnings ratio of 40.47, a P/E/G ratio of 2.37 and a beta of 1.06. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 2.68. Mastercard has a one year low of $428.86 and a one year high of $582.23.

Mastercard (NYSE:MA - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The credit services provider reported $3.73 EPS for the quarter, beating analysts' consensus estimates of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The company had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the prior year, the firm earned $3.31 EPS. Mastercard's quarterly revenue was up 14.2% on a year-over-year basis. On average, analysts predict that Mastercard will post 15.91 EPS for the current fiscal year.

Insider Activity

In related news, CEO Michael Miebach sold 15,775 shares of the stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the sale, the chief executive officer now owns 84,871 shares in the company, valued at $46,692,629.36. This represents a 15.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the company's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $534.68, for a total value of $3,813,337.76. Following the transaction, the insider now directly owns 34,524 shares in the company, valued at $18,459,292.32. This represents a 17.12 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.10% of the company's stock.

Hedge Funds Weigh In On Mastercard

Several hedge funds have recently bought and sold shares of the stock. NewSquare Capital LLC purchased a new stake in shares of Mastercard during the 4th quarter valued at about $26,000. Marshall Investment Management LLC acquired a new position in Mastercard during the 4th quarter valued at about $30,000. Measured Risk Portfolios Inc. bought a new stake in shares of Mastercard in the 4th quarter worth $31,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Mastercard in the 4th quarter worth about $32,000. Finally, Navigoe LLC acquired a new stake in Mastercard during the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 97.28% of the company's stock.

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.