Mastercard (NYSE:MA) Price Target Raised to $670.00

Mastercard (NYSE:MA - Get Free Report) had its target price lifted by stock analysts at UBS Group from $660.00 to $670.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the credit services provider's stock. UBS Group's price objective points to a potential upside of 14.66% from the company's previous close.

A number of other brokerages have also weighed in on MA. Truist Financial began coverage on Mastercard in a research report on Monday. They set a "buy" rating and a $640.00 price objective for the company. DZ Bank upgraded shares of Mastercard from a "hold" rating to a "buy" rating and set a $620.00 price target on the stock in a research report on Tuesday, February 4th. Barclays lifted their target price on Mastercard from $595.00 to $650.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Wells Fargo & Company boosted their target price on Mastercard from $585.00 to $625.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Finally, Macquarie reduced their price target on Mastercard from $645.00 to $610.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Six investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $610.00.

Mastercard Price Performance

Shares of MA stock traded up $2.37 on Tuesday, hitting $584.34. 1,530,155 shares of the stock traded hands, compared to its average volume of 2,605,769. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. Mastercard has a 52 week low of $428.86 and a 52 week high of $588.45. The firm has a 50 day simple moving average of $545.06 and a two-hundred day simple moving average of $540.50. The firm has a market cap of $532.75 billion, a price-to-earnings ratio of 42.07, a PEG ratio of 2.37 and a beta of 1.05.

Mastercard (NYSE:MA - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $7.25 billion for the quarter, compared to analysts' expectations of $7.12 billion. Mastercard had a return on equity of 188.47% and a net margin of 45.71%. During the same period last year, the firm earned $3.31 earnings per share. The business's quarterly revenue was up 14.2% on a year-over-year basis. As a group, equities research analysts predict that Mastercard will post 15.91 earnings per share for the current fiscal year.

Insider Activity at Mastercard

In related news, insider Sandra A. Arkell sold 150 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $580.00, for a total value of $87,000.00. Following the transaction, the insider now owns 3,255 shares in the company, valued at approximately $1,887,900. This represents a 4.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Edward Grunde Mclaughlin sold 7,132 shares of Mastercard stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $534.68, for a total transaction of $3,813,337.76. Following the sale, the insider now owns 34,524 shares of the company's stock, 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. Insiders have sold a total of 23,207 shares of company stock valued at $12,664,529 in the last ninety days. Company insiders own 0.09% of the company's stock.

Institutional Investors Weigh In On Mastercard

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Whalerock Point Partners LLC raised its position in Mastercard by 1.3% during the fourth quarter. Whalerock Point Partners LLC now owns 14,678 shares of the credit services provider's stock valued at $7,729,000 after acquiring an additional 185 shares in the last quarter. Dock Street Asset Management Inc. increased its holdings in shares of Mastercard by 4.5% during the 4th quarter. Dock Street Asset Management Inc. now owns 68,237 shares of the credit services provider's stock valued at $35,932,000 after purchasing an additional 2,931 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in shares of Mastercard by 1.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 71,862 shares of the credit services provider's stock valued at $37,841,000 after purchasing an additional 1,194 shares during the period. Avestar Capital LLC lifted its stake in shares of Mastercard by 10.9% in the 4th quarter. Avestar Capital LLC now owns 5,612 shares of the credit services provider's stock valued at $2,955,000 after purchasing an additional 550 shares during the period. Finally, Baldwin Investment Management LLC boosted its holdings in Mastercard by 5.7% during the fourth quarter. Baldwin Investment Management LLC now owns 1,731 shares of the credit services provider's stock worth $911,000 after buying an additional 93 shares in the last quarter. 97.28% of the stock is owned by institutional investors and hedge funds.

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.