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

by · The Markets Daily

Mastercard (NYSE:MA – Get Free Report) had its target price increased by Mizuho from $496.00 to $532.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the credit services provider’s stock. Mizuho’s target price would suggest a potential upside of 4.71% from the company’s current price.

Other equities research analysts have also issued reports about the company. Bank of America increased their price target on Mastercard from $480.00 to $509.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. Susquehanna raised their target price on Mastercard from $540.00 to $605.00 and gave the company a “positive” rating in a research note on Friday. BMO Capital Markets reaffirmed an “outperform” rating and issued a $520.00 price target on shares of Mastercard in a report on Wednesday, August 14th. Compass Point initiated coverage on shares of Mastercard in a report on Wednesday, September 4th. They set a “neutral” rating and a $525.00 price objective on the stock. Finally, Barclays boosted their target price on shares of Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. Four equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $537.92.

Get Our Latest Stock Report on Mastercard

Mastercard Stock Performance

Mastercard stock opened at $508.08 on Friday. The firm has a market capitalization of $469.38 billion, a P/E ratio of 38.43, a P/E/G ratio of 2.21 and a beta of 1.10. The stock has a fifty day moving average price of $495.77 and a two-hundred day moving average price of $466.89. Mastercard has a 52-week low of $378.48 and a 52-week high of $527.90. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.14.

Mastercard (NYSE:MA – Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.16. The firm had revenue of $7.37 billion during the quarter, compared to the consensus estimate of $7.27 billion. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period last year, the firm posted $3.39 EPS. As a group, analysts anticipate that Mastercard will post 14.35 EPS for the current fiscal year.

Insider Transactions at Mastercard

In related news, CFO J. Mehra Sachin sold 13,439 shares of the company’s stock in a transaction on Monday, August 5th. The shares were sold at an average price of $455.00, for a total value of $6,114,745.00. Following the completion of the sale, the chief financial officer now owns 27,304 shares in the company, valued at $12,423,320. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO J. Mehra Sachin sold 13,439 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $455.00, for a total transaction of $6,114,745.00. Following the completion of the sale, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 119,000 shares of Mastercard stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $468.46, for a total transaction of $55,746,740.00. Following the completion of the transaction, the insider now directly owns 92,033,308 shares in the company, valued at approximately $43,113,923,465.68. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 340,809 shares of company stock valued at $159,610,703 over the last three months. 0.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mastercard

Hedge funds and other institutional investors have recently bought and sold shares of the company. Coppell Advisory Solutions Corp. acquired a new stake in shares of Mastercard in the first quarter valued at approximately $608,000. SteelPeak Wealth LLC lifted its position in Mastercard by 48.6% during the 2nd quarter. SteelPeak Wealth LLC now owns 4,928 shares of the credit services provider’s stock worth $2,174,000 after buying an additional 1,612 shares in the last quarter. Sarasin & Partners LLP boosted its stake in shares of Mastercard by 4.7% during the 3rd quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock worth $410,813,000 after buying an additional 37,486 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Mastercard in the 1st quarter valued at about $2,938,000. Finally, OMC Financial Services LTD bought a new position in shares of Mastercard in the 1st quarter valued at about $17,854,000. Institutional investors and hedge funds own 97.28% of the company’s stock.

Mastercard Company Profile

(Get Free Report)

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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