Mastercard (NYSE:MA) Price Target Raised to $210.00 at JPMorgan Chase & Co.
Mastercard (NYSE:MA) had its price objective hoisted by stock analysts at JPMorgan Chase & Co. from $202.00 to $210.00 in a research note issued to investors on Friday, July 27th. The firm presently has an “overweight” rating on the credit services provider’s stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 3.63% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Sandler O’Neill reiterated a “hold” rating and issued a $209.00 price objective on shares of Mastercard in a report on Friday, July 27th. Cantor Fitzgerald reissued an “overweight” rating and issued a $237.00 price target on shares of Mastercard in a research report on Friday, July 27th. Loop Capital increased their price target on shares of Mastercard to $208.00 and gave the stock a “buy” rating in a research report on Thursday, May 3rd. They noted that the move was a valuation call. Cowen reissued a “buy” rating and issued a $207.00 price target on shares of Mastercard in a research report on Friday, July 20th. Finally, Buckingham Research increased their price target on shares of Mastercard from $194.00 to $222.00 and gave the stock a “buy” rating in a research report on Tuesday, June 26th. Four investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $202.70.
NYSE:MA traded down $0.95 during trading hours on Friday, hitting $202.65. 2,567,042 shares of the stock traded hands, compared to its average volume of 3,624,020. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 1.11. Mastercard has a fifty-two week low of $127.86 and a fifty-two week high of $214.28. The company has a market cap of $211.43 billion, a P/E ratio of 44.25, a price-to-earnings-growth ratio of 1.68 and a beta of 1.16.
In related news, CFO Martina Hundmejean sold 69,817 shares of Mastercard stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $200.35, for a total transaction of $13,987,835.95. Following the completion of the sale, the chief financial officer now owns 128,905 shares of the company’s stock, valued at approximately $25,826,116.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.32% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the stock. Pin Oak Investment Advisors Inc. bought a new position in Mastercard in the 4th quarter worth about $103,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in Mastercard in the 2nd quarter worth about $109,000. Slow Capital Inc. bought a new position in Mastercard in the 4th quarter worth about $125,000. Carroll Financial Associates Inc. boosted its stake in Mastercard by 87.2% in the 2nd quarter. Carroll Financial Associates Inc. now owns 644 shares of the credit services provider’s stock worth $126,000 after purchasing an additional 300 shares in the last quarter. Finally, Financial Gravity Wealth Inc. bought a new position in Mastercard in the 1st quarter worth about $133,000. 74.82% of the stock is owned by institutional investors and hedge funds.
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services.
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