KeyCorp Raises Mastercard (NYSE:MA) Price Target to $580.00

Mastercard (NYSE:MA) had its price objective increased by research analysts at KeyCorp from $515.00 to $580.00 in a report issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the credit services provider’s stock. KeyCorp’s price target points to a potential upside of 14.16% from the company’s current price.

Other research analysts also recently issued reports about the stock. Oppenheimer began coverage on shares of Mastercard in a research report on Tuesday, October 1st. They set an “outperform” rating and a $591.00 price objective on the stock. Barclays raised their price objective on shares of Mastercard from $536.00 to $576.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. upped their target price on Mastercard from $570.00 to $593.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Citigroup raised their target price on Mastercard from $528.00 to $538.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Susquehanna upped their price target on Mastercard from $535.00 to $540.00 and gave the stock a “positive” rating in a research note on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $537.92.

Mastercard Stock Performance

Shares of NYSE:MA opened at $508.08 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 2.36. The company has a 50-day moving average price of $495.77 and a 200-day moving average price of $466.89. The company has a market cap of $469.38 billion, a price-to-earnings ratio of 38.43, a price-to-earnings-growth ratio of 2.21 and a beta of 1.10. Mastercard has a 12 month low of $378.48 and a 12 month high of $527.90.

Mastercard (NYSE:MA) last released its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.73 by $0.16. The business had revenue of $7.37 billion during the quarter, compared to analyst estimates of $7.27 billion. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. Mastercard’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.39 EPS. As a group, equities analysts anticipate that Mastercard will post 14.35 EPS for the current year.

Insider Buying and Selling

In other Mastercard news, CMO Venkata R. Madabhushi sold 4,685 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $493.10, for a total value of $2,310,173.50. Following the transaction, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CFO J. Mehra Sachin sold 13,439 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was sold at an average price of $455.00, for a total value of $6,114,745.00. Following the transaction, the chief financial officer now directly owns 27,304 shares of the company’s stock, valued at approximately $12,423,320. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Venkata R. Madabhushi sold 4,685 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $493.10, for a total value of $2,310,173.50. Following the sale, the chief marketing officer now directly owns 17,118 shares of the company’s stock, valued at $8,440,885.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 340,809 shares of company stock valued at $159,610,703 over the last 90 days. Company insiders own 0.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. China Universal Asset Management Co. Ltd. lifted its position in shares of Mastercard by 46.4% in the first quarter. China Universal Asset Management Co. Ltd. now owns 14,785 shares of the credit services provider’s stock valued at $7,120,000 after acquiring an additional 4,685 shares in the last quarter. Greenwood Capital Associates LLC lifted its holdings in Mastercard by 3.7% in the 1st quarter. Greenwood Capital Associates LLC now owns 679 shares of the credit services provider’s stock worth $327,000 after purchasing an additional 24 shares in the last quarter. Palisade Asset Management LLC purchased a new position in Mastercard in the 1st quarter worth approximately $27,000. Tobam boosted its stake in Mastercard by 8.0% in the 1st quarter. Tobam now owns 1,730 shares of the credit services provider’s stock worth $833,000 after purchasing an additional 128 shares during the period. Finally, BNP Paribas purchased a new stake in Mastercard during the 1st quarter valued at approximately $10,604,000. 97.28% of the stock is currently owned by 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.