Mastercard (NYSE:MA) Receives "Buy (B)" Rating from Weiss Ratings

Key Points

• Mastercard received a "Buy (B)" rating from Weiss Ratings, reaffirming investor confidence in the stock.
• Various analysts have given Mastercard a consensus rating of "Buy" with an average price target of $638.96, indicating positive market sentiment.
• Mastercard's quarterly earnings report showed an EPS of $4.15, exceeding expectations and highlighting a year-over-year revenue growth of 16.8%.

Mastercard (NYSE:MA - Get Free Report)'s stock had its "buy (b)" rating reiterated by research analysts at Weiss Ratings in a report issued on Saturday,Weiss Ratings reports.

MA has been the topic of a number of other reports. KeyCorp reiterated an "overweight" rating and set a $665.00 price target on shares of Mastercard in a research note on Wednesday. Wells Fargo & Company upgraded shares of Mastercard to a "strong-buy" rating in a research report on Wednesday. TD Cowen restated a "buy" rating and set a $645.00 target price on shares of Mastercard in a research report on Monday, August 11th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Mastercard in a research report on Thursday, July 17th. They issued a "buy" rating and a $650.00 price target on the stock. Finally, Seaport Res Ptn upgraded Mastercard from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 14th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $638.96.

Mastercard Stock Performance

Mastercard stock traded down $0.05 during midday trading on Friday, hitting $573.72. 1,839,520 shares of the company's stock were exchanged, compared to its average volume of 2,549,875. Mastercard has a 12-month low of $465.59 and a 12-month high of $601.77. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a market cap of $518.65 billion, a price-to-earnings ratio of 38.69, a price-to-earnings-growth ratio of 2.35 and a beta of 0.97. The firm's 50 day simple moving average is $579.51 and its 200 day simple moving average is $566.01.

Mastercard (NYSE:MA - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.05 by $0.10. Mastercard had a net margin of 44.93% and a return on equity of 200.01%. The company had revenue of $8.13 billion for the quarter, compared to the consensus estimate of $7.95 billion. During the same period last year, the firm posted $3.50 EPS. Mastercard's revenue for the quarter was up 16.8% on a year-over-year basis. Equities research analysts predict that Mastercard will post 15.91 EPS for the current year.

Insiders Place Their Bets

In other Mastercard news, CFO J. Mehra Sachin sold 17,816 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $586.89, for a total transaction of $10,456,032.24. Following the transaction, the chief financial officer owned 31,234 shares of the company's stock, valued at $18,330,922.26. This trade represents a 36.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mastercard

A number of large investors have recently bought and sold shares of the stock. Accredited Investors Inc. grew its stake in shares of Mastercard by 2.6% in the first quarter. Accredited Investors Inc. now owns 718 shares of the credit services provider's stock valued at $394,000 after acquiring an additional 18 shares in the last quarter. Wealthstream Advisors Inc. grew its stake in Mastercard by 2.9% during the first quarter. Wealthstream Advisors Inc. now owns 632 shares of the credit services provider's stock worth $347,000 after buying an additional 18 shares in the last quarter. KRS Capital Management LLC grew its stake in Mastercard by 0.6% during the second quarter. KRS Capital Management LLC now owns 2,848 shares of the credit services provider's stock worth $1,601,000 after buying an additional 18 shares in the last quarter. Pinion Investment Advisors LLC grew its stake in Mastercard by 0.8% during the second quarter. Pinion Investment Advisors LLC now owns 2,272 shares of the credit services provider's stock worth $1,276,000 after buying an additional 18 shares in the last quarter. Finally, Nvest Financial LLC lifted its holdings in shares of Mastercard by 1.2% in the second quarter. Nvest Financial LLC now owns 1,505 shares of the credit services provider's stock worth $846,000 after acquiring an additional 18 shares during the last quarter. 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.

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