Mastercard (NYSE:MA) Stock Rating Upgraded by Piper Sandler

Mastercard (NYSE:MAGet Free Report) was upgraded by analysts at Piper Sandler to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

A number of other equities analysts also recently commented on the stock. Tigress Financial boosted their target price on shares of Mastercard from $730.00 to $735.00 and gave the stock a “strong-buy” rating in a report on Friday, March 13th. Wolfe Research reissued an “outperform” rating on shares of Mastercard in a research report on Tuesday, March 17th. UBS Group reaffirmed a “buy” rating on shares of Mastercard in a report on Thursday, June 25th. Dbs Bank raised Mastercard to a “moderate buy” rating in a research report on Friday, March 27th. Finally, BNP Paribas Exane raised Mastercard from a “neutral” rating to an “outperform” rating and set a $600.00 price objective for the company in a research report on Thursday, March 19th. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $653.81.

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Mastercard Stock Performance

Shares of NYSE:MA opened at $513.24 on Monday. The company has a market capitalization of $453.48 billion, a price-to-earnings ratio of 29.70, a price-to-earnings-growth ratio of 1.59 and a beta of 0.74. Mastercard has a 52 week low of $464.52 and a 52 week high of $601.77. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 2.56. The firm has a 50 day moving average of $496.66 and a 200 day moving average of $519.34.

Mastercard (NYSE:MAGet Free Report) last announced its earnings results on Thursday, April 30th. The credit services provider reported $4.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.41 by $0.19. Mastercard had a return on equity of 212.96% and a net margin of 45.88%.The business had revenue of $8.40 billion for the quarter, compared to analysts’ expectations of $8.26 billion. During the same quarter last year, the firm earned $3.73 EPS. The business’s revenue for the quarter was up 15.8% on a year-over-year basis. On average, sell-side analysts predict that Mastercard will post 19.6 earnings per share for the current fiscal year.

Institutional Trading of Mastercard

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Mastercard by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 79,897,854 shares of the credit services provider’s stock worth $45,612,087,000 after purchasing an additional 466,514 shares during the period. J. Stern & Co. LLP raised its position in Mastercard by 53,535.0% during the 4th quarter. J. Stern & Co. LLP now owns 72,597,097 shares of the credit services provider’s stock worth $41,444,231,000 after buying an additional 72,461,743 shares during the last quarter. State Street Corp lifted its stake in Mastercard by 2.8% during the 3rd quarter. State Street Corp now owns 36,580,374 shares of the credit services provider’s stock valued at $20,807,283,000 after acquiring an additional 997,536 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Mastercard by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 20,686,605 shares of the credit services provider’s stock valued at $11,773,153,000 after acquiring an additional 349,369 shares during the last quarter. Finally, Capital International Investors boosted its holdings in shares of Mastercard by 4.4% in the 4th quarter. Capital International Investors now owns 17,964,658 shares of the credit services provider’s stock valued at $10,256,368,000 after acquiring an additional 759,584 shares during the last quarter. Hedge funds and other institutional investors own 97.28% of the company’s stock.

Key Headlines Impacting Mastercard

Here are the key news stories impacting Mastercard this week:

Mastercard Company Profile

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Mastercard Incorporated is a global payments technology company that operates a network connecting consumers, financial institutions, merchants, governments and businesses in more than 200 countries and territories. The company facilitates electronic payments and transaction processing for credit, debit and prepaid card products carrying the Mastercard brand, while also providing a range of payment-related services to issuers, acquirers and merchants. Its technology and network enable authorization, clearing and settlement of payments and support a broad set of use cases including point-of-sale, e-commerce and mobile payments.

Beyond core transaction processing, Mastercard offers a suite of value-added services such as fraud and risk management, identity and authentication tools, tokenization and digital wallet support, cross-border and commercial payment solutions, and data analytics and consulting services for merchants and financial partners.

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Analyst Recommendations for Mastercard (NYSE:MA)

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