TD Cowen Issues Positive Forecast for Mastercard (NYSE:MA) Stock Price

Mastercard (NYSE:MA) had its price target lifted by stock analysts at TD Cowen from $533.00 to $567.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the credit services provider’s stock. TD Cowen’s target price points to a potential upside of 8.67% from the company’s previous close.

A number of other equities analysts have also recently commented on the stock. UBS Group lifted their target price on shares of Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. reduced their target price on Mastercard from $593.00 to $580.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. Royal Bank of Canada reissued an “outperform” rating and issued a $572.00 price target on shares of Mastercard in a research report on Thursday. KeyCorp upped their target price on shares of Mastercard from $515.00 to $580.00 and gave the stock an “overweight” rating in a research note on Friday, November 1st. Finally, Compass Point began coverage on shares of Mastercard in a report on Wednesday, September 4th. They issued a “neutral” rating and a $525.00 target price on the stock. Four analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $549.16.

Mastercard Stock Performance

Shares of NYSE:MA traded up $1.38 during trading on Friday, hitting $521.78. 1,181,955 shares of the company were exchanged, compared to its average volume of 2,446,612. The stock has a 50 day moving average of $503.18 and a 200 day moving average of $470.59. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. Mastercard has a 52-week low of $395.55 and a 52-week high of $534.03. The company has a market cap of $478.91 billion, a PE ratio of 39.43, a P/E/G ratio of 2.28 and a beta of 1.10.

Mastercard (NYSE:MA) last issued its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.73 by $0.16. Mastercard had a net margin of 45.26% and a return on equity of 178.27%. The firm had revenue of $7.37 billion for the quarter, compared to analyst estimates of $7.27 billion. During the same quarter in the prior year, the firm earned $3.39 EPS. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. As a group, equities research analysts predict that Mastercard will post 14.45 EPS for the current year.

Insiders Place Their Bets

In other news, CMO Venkata R. Madabhushi sold 4,685 shares of the stock in a transaction on 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 owns 17,118 shares of the company’s stock, valued at approximately $8,440,885.80. This represents a 21.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Foundation Mastercard sold 90,000 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $468.80, for a total value of $42,192,000.00. Following the completion of the sale, the insider now owns 91,649,308 shares in the company, valued at approximately $42,965,195,590.40. The trade was a 0.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 208,370 shares of company stock valued at $97,749,218 over the last ninety days. 0.10% of the stock is owned by insiders.

Institutional Trading of Mastercard

A number of large investors have recently modified their holdings of MA. Port Capital LLC raised its position in shares of Mastercard by 0.7% in the 3rd quarter. Port Capital LLC now owns 109,189 shares of the credit services provider’s stock valued at $53,918,000 after purchasing an additional 807 shares during the last quarter. Motley Fool Asset Management LLC increased its holdings in shares of Mastercard by 0.4% in the third quarter. Motley Fool Asset Management LLC now owns 74,153 shares of the credit services provider’s stock valued at $36,808,000 after purchasing an additional 301 shares during the period. IHT Wealth Management LLC raised its stake in shares of Mastercard by 21.3% in the third quarter. IHT Wealth Management LLC now owns 11,951 shares of the credit services provider’s stock worth $5,908,000 after purchasing an additional 2,097 shares during the last quarter. Ingalls & Snyder LLC boosted its position in Mastercard by 5.9% in the third quarter. Ingalls & Snyder LLC now owns 15,044 shares of the credit services provider’s stock valued at $7,429,000 after buying an additional 835 shares during the last quarter. Finally, Intrepid Capital Management Inc. acquired a new position in Mastercard in the 3rd quarter worth approximately $202,000. Hedge funds and other institutional investors own 97.28% of the company’s stock.

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.