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.

Mastercard (NYSE:MA) last posted its quarterly earnings results on Thursday, July 26th. The credit services provider reported $1.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.13. Mastercard had a net margin of 33.81% and a return on equity of 103.82%. The business had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same period in the prior year, the business posted $1.10 earnings per share. Mastercard’s revenue for the quarter was up 20.0% compared to the same quarter last year. equities research analysts anticipate that Mastercard will post 6.37 earnings per share for the current year.

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.

About Mastercard

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.

Read More: Stock Ratings and Recommendations: Understanding Analyst Upgrades and Downgrades

Analyst Recommendations for Mastercard (NYSE:MA)

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