Mastercard (NYSE:MA) Stock Price Expected to Rise, Piper Sandler Analyst Says

Mastercard (NYSE:MAGet Free Report) had its price objective boosted by Piper Sandler from $575.00 to $591.00 in a report released on Friday,Benzinga reports. The firm currently has an “overweight” rating on the credit services provider’s stock. Piper Sandler’s price objective suggests a potential upside of 10.78% from the stock’s current price.

A number of other research analysts have also weighed in on MA. UBS Group raised their target price on Mastercard from $590.00 to $610.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Robert W. Baird lifted their price target on shares of Mastercard from $545.00 to $575.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Mizuho lifted their target price on shares of Mastercard from $496.00 to $532.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Keefe, Bruyette & Woods boosted their target price on shares of Mastercard from $580.00 to $618.00 and gave the company an “outperform” rating in a report on Monday, December 9th. Finally, JPMorgan Chase & Co. cut their price target on Mastercard from $593.00 to $580.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Mastercard currently has an average rating of “Moderate Buy” and a consensus target price of $567.29.

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Mastercard Price Performance

Shares of NYSE:MA opened at $533.50 on Friday. Mastercard has a one year low of $428.86 and a one year high of $537.70. The company has a market cap of $489.66 billion, a price-to-earnings ratio of 40.36, a PEG ratio of 2.10 and a beta of 1.10. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a 50 day simple moving average of $524.77 and a 200 day simple moving average of $497.10.

Mastercard (NYSE:MAGet Free Report) last issued its quarterly earnings results on Thursday, October 31st. The credit services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.73 by $0.16. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. The company had revenue of $7.37 billion during the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter in the prior year, the firm posted $3.39 earnings per share. The business’s quarterly revenue was up 12.8% on a year-over-year basis. Research analysts predict that Mastercard will post 14.47 earnings per share for the current fiscal year.

Mastercard declared that its board has initiated a stock repurchase program on Tuesday, December 17th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the credit services provider to buy up to 2.5% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On Mastercard

Several institutional investors and hedge funds have recently made changes to their positions in the company. Temasek Holdings Private Ltd boosted its holdings in Mastercard by 2.3% in the third quarter. Temasek Holdings Private Ltd now owns 2,805,554 shares of the credit services provider’s stock worth $1,385,383,000 after purchasing an additional 62,891 shares during the last quarter. Nordea Investment Management AB raised its position in shares of Mastercard by 15.6% during the 4th quarter. Nordea Investment Management AB now owns 2,510,756 shares of the credit services provider’s stock valued at $1,325,353,000 after purchasing an additional 337,905 shares during the period. Cardano Risk Management B.V. lifted its stake in shares of Mastercard by 2.7% during the 4th quarter. Cardano Risk Management B.V. now owns 368,690 shares of the credit services provider’s stock valued at $194,141,000 after buying an additional 9,611 shares in the last quarter. Sarasin & Partners LLP boosted its stake in shares of Mastercard by 4.7% in the third quarter. Sarasin & Partners LLP now owns 831,942 shares of the credit services provider’s stock worth $410,813,000 after acquiring an additional 37,486 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Mastercard by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,010,430 shares of the credit services provider’s stock worth $2,474,151,000 after purchasing an additional 100,550 shares during the period. Institutional investors own 97.28% of the company’s stock.

About Mastercard

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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.

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Analyst Recommendations for Mastercard (NYSE:MA)

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