Barclays Lowers Mastercard (NYSE:MA) Price Target to $530.00

Mastercard (NYSE:MA) had its price target decreased by research analysts at Barclays from $549.00 to $530.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the credit services provider’s stock. Barclays‘s price target indicates a potential upside of 18.46% from the company’s current price.

Other research analysts also recently issued research reports about the stock. BMO Capital Markets raised their target price on shares of Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. The Goldman Sachs Group boosted their price target on Mastercard from $433.00 to $482.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. TD Cowen started coverage on Mastercard in a report on Thursday, April 11th. They set a “buy” rating and a $545.00 target price for the company. Evercore ISI increased their price target on shares of Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Finally, Morgan Stanley decreased their price objective on shares of Mastercard from $536.00 to $524.00 and set an “overweight” rating for the company in a research note on Thursday. Two investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Mastercard currently has a consensus rating of “Moderate Buy” and a consensus target price of $496.27.

Mastercard Stock Performance

MA stock traded up $3.83 during trading on Monday, reaching $447.41. The stock had a trading volume of 1,474,457 shares, compared to its average volume of 2,460,134. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.86. The firm has a market cap of $417.38 billion, a PE ratio of 35.56, a PEG ratio of 1.74 and a beta of 1.08. The stock’s 50 day moving average is $469.57 and its two-hundred day moving average is $438.31. Mastercard has a 52 week low of $357.85 and a 52 week high of $490.00.

Mastercard (NYSE:MA) last released its earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.09. Mastercard had a return on equity of 183.70% and a net margin of 46.09%. The firm had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. During the same quarter last year, the business posted $2.80 earnings per share. The firm’s revenue was up 10.4% on a year-over-year basis. As a group, equities analysts anticipate that Mastercard will post 14.22 earnings per share for the current year.

Insider Activity at Mastercard

In other news, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the sale, the insider now owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Mastercard news, CEO Michael Miebach sold 7,851 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.92, for a total transaction of $3,736,447.92. Following the transaction, the chief executive officer now directly owns 47,640 shares in the company, valued at $22,672,828.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Foundation Mastercard sold 200 shares of Mastercard stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total value of $97,450.00. Following the completion of the sale, the insider now directly owns 97,543,308 shares of the company’s stock, valued at $47,527,976,823. The disclosure for this sale can be found here. In the last quarter, insiders sold 725,088 shares of company stock valued at $329,657,858. Corporate insiders own 0.13% of the company’s stock.

Institutional Trading of Mastercard

A number of institutional investors and hedge funds have recently bought and sold shares of MA. Altshuler Shaham Ltd purchased a new stake in Mastercard during the fourth quarter worth approximately $26,000. VitalStone Financial LLC boosted its holdings in shares of Mastercard by 300.0% in the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after buying an additional 45 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new position in shares of Mastercard in the 4th quarter valued at $27,000. Westend Capital Management LLC acquired a new stake in Mastercard during the 1st quarter worth $27,000. Finally, Palisade Asset Management LLC purchased a new stake in Mastercard in the first quarter valued at $27,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

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.