Mastercard (NYSE:MA) Price Target Raised to $665.00

Mastercard (NYSE:MA) had its price target lifted by analysts at Keefe, Bruyette & Woods from $618.00 to $665.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the credit services provider’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 18.09% from the company’s current price.

A number of other equities analysts have also issued reports on MA. Piper Sandler raised their price target on Mastercard from $575.00 to $591.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Jefferies Financial Group lifted their target price on Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a report on Monday, December 9th. KeyCorp boosted their price target on Mastercard from $600.00 to $630.00 and gave the stock an “overweight” rating in a research report on Friday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $572.00 target price on shares of Mastercard in a research report on Thursday, November 14th. Finally, Robert W. Baird boosted their price objective on Mastercard from $545.00 to $575.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $581.72.

Mastercard Stock Performance

Shares of MA traded down $2.88 during trading hours on Friday, hitting $563.13. The stock had a trading volume of 1,709,647 shares, compared to its average volume of 2,723,290. Mastercard has a fifty-two week low of $428.86 and a fifty-two week high of $576.94. The firm has a market capitalization of $516.85 billion, a price-to-earnings ratio of 42.62, a PEG ratio of 2.17 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a 50-day moving average price of $527.58 and a 200 day moving average price of $500.25.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, January 30th. The credit services provider reported $3.82 EPS for the quarter, topping the consensus estimate of $3.71 by $0.11. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. As a group, research analysts anticipate that Mastercard will post 14.47 EPS for the current year.

Mastercard declared that its board has authorized a stock repurchase plan on Tuesday, December 17th that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the credit services provider to repurchase up to 2.5% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Institutional Trading of Mastercard

Several hedge funds and other institutional investors have recently modified their holdings of MA. Highline Wealth Partners LLC acquired a new stake in shares of Mastercard during the third quarter valued at about $25,000. First Personal Financial Services bought a new position in shares of Mastercard in the 3rd quarter worth $39,000. Legacy Investment Solutions LLC purchased a new stake in shares of Mastercard in the third quarter worth approximately $55,000. Lowe Wealth Advisors LLC grew its position in Mastercard by 24.1% in the 4th quarter. Lowe Wealth Advisors LLC now owns 108 shares of the credit services provider’s stock worth $57,000 after purchasing an additional 21 shares in the last quarter. Finally, FSA Wealth Management LLC purchased a new position in shares of Mastercard in the 3rd quarter worth about $54,000. Institutional investors own 97.28% of the company’s stock.

About Mastercard

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.