Mastercard (NYSE:MA) Price Target Raised to $652.00 at Citigroup

Mastercard (NYSE:MA - Get Free Report) had its target price hoisted by equities research analysts at Citigroup from $650.00 to $652.00 in a research report issued on Monday,Benzinga reports. The firm presently has a "buy" rating on the credit services provider's stock. Citigroup's price objective would indicate a potential upside of 16.23% from the company's current price.

Other research analysts have also recently issued reports about the company. Evercore ISI initiated coverage on Mastercard in a research report on Wednesday, April 9th. They issued an "in-line" rating and a $550.00 target price on the stock. Wells Fargo & Company raised their price objective on shares of Mastercard from $585.00 to $625.00 and gave the stock an "overweight" rating in a report on Tuesday, February 4th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $633.00 target price on shares of Mastercard in a report on Wednesday, April 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Mastercard from $590.00 to $610.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Finally, KeyCorp upped their price target on Mastercard from $630.00 to $635.00 and gave the stock an "overweight" rating in a research report on Friday. Six investment 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $606.25.

Mastercard Stock Performance

NYSE MA traded up $1.58 during trading hours on Monday, hitting $560.97. The company's stock had a trading volume of 2,130,866 shares, compared to its average volume of 2,608,483. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market cap of $511.44 billion, a P/E ratio of 40.39, a price-to-earnings-growth ratio of 2.37 and a beta of 1.06. The company's 50 day simple moving average is $532.33 and its two-hundred day simple moving average is $531.61. Mastercard has a 12 month low of $428.86 and a 12 month 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 earnings per share for the quarter, beating the consensus estimate of $3.57 by $0.16. Mastercard had a net margin of 45.71% and a return on equity of 188.47%. The firm had revenue of $7.25 billion during the quarter, compared to analysts' expectations of $7.12 billion. During the same period in the previous year, the company earned $3.31 earnings per share. The firm's quarterly revenue was up 14.2% on a year-over-year basis. As a group, sell-side analysts expect that Mastercard will post 15.91 EPS for the current fiscal year.

Insider Transactions at Mastercard

In other Mastercard news, CEO Michael Miebach sold 15,775 shares of the business's stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $550.16, for a total transaction of $8,678,774.00. Following the completion of the transaction, the chief executive officer now owns 84,871 shares in the company, valued at $46,692,629.36. The trade was a 15.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 34,524 shares in the company, valued at approximately $18,459,292.32. The trade was a 17.12 % decrease in their ownership of the stock. 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 MA. NewSquare Capital LLC purchased a new stake in Mastercard in the 4th quarter valued at about $26,000. Measured Risk Portfolios Inc. purchased a new stake in shares of Mastercard in the fourth quarter valued at approximately $31,000. Halbert Hargrove Global Advisors LLC bought a new position in Mastercard in the fourth quarter worth approximately $32,000. Marshall Investment Management LLC purchased a new position in Mastercard during the 4th quarter worth $30,000. Finally, 10Elms LLP bought a new stake in Mastercard during the 4th quarter valued at $33,000. 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.

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