Mastercard (NYSE:MA) Raised to “Strong-Buy” at Cantor Fitzgerald

Mastercard (NYSE:MAGet Free Report) was upgraded by equities researchers at Cantor Fitzgerald to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other research analysts have also recently commented on the stock. Evercore ISI set a $610.00 target price on shares of Mastercard in a report on Friday, December 12th. Compass Point upgraded shares of Mastercard from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $620.00 to $735.00 in a research report on Tuesday, January 13th. Macquarie increased their target price on Mastercard from $655.00 to $660.00 and gave the company an “outperform” rating in a report on Friday, October 31st. TD Cowen reiterated a “buy” rating on shares of Mastercard in a report on Monday, January 12th. Finally, Hsbc Global Res raised Mastercard from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 8th. Five equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Mastercard currently has an average rating of “Buy” and an average price target of $661.70.

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Mastercard Price Performance

Shares of NYSE:MA opened at $521.54 on Tuesday. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market capitalization of $468.34 billion, a PE ratio of 33.33, a price-to-earnings-growth ratio of 1.79 and a beta of 0.86. The stock has a fifty day moving average of $554.46 and a 200-day moving average of $564.88. Mastercard has a one year low of $465.59 and a one year high of $601.77.

Mastercard (NYSE:MAGet Free Report) last announced its earnings results on Thursday, October 30th. The credit services provider reported $4.38 EPS for the quarter, beating the consensus estimate of $4.31 by $0.07. Mastercard had a return on equity of 202.03% and a net margin of 45.28%.The business had revenue of $8.60 billion during the quarter, compared to the consensus estimate of $8.53 billion. During the same period in the prior year, the business posted $3.89 earnings per share. Mastercard’s revenue was up 16.7% compared to the same quarter last year. As a group, equities analysts anticipate that Mastercard will post 15.91 EPS for the current fiscal year.

Institutional Investors Weigh In On Mastercard

Several institutional investors and hedge funds have recently made changes to their positions in MA. Curio Wealth LLC boosted its stake in Mastercard by 22,400.0% during the 2nd quarter. Curio Wealth LLC now owns 225 shares of the credit services provider’s stock worth $126,000 after acquiring an additional 224 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. raised its holdings in Mastercard by 88.9% in the third quarter. Financiere des Professionnels Fonds d investissement inc. now owns 15,335 shares of the credit services provider’s stock worth $8,723,000 after purchasing an additional 7,215 shares during the period. Mn Services Vermogensbeheer B.V. grew its holdings in shares of Mastercard by 1.5% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 309,192 shares of the credit services provider’s stock valued at $175,872,000 after buying an additional 4,700 shares during the period. Global X Japan Co. Ltd. increased its position in shares of Mastercard by 3,694.7% in the 3rd quarter. Global X Japan Co. Ltd. now owns 9,297 shares of the credit services provider’s stock valued at $5,288,000 after buying an additional 9,052 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Mastercard by 1.2% during the second quarter. Vanguard Group Inc. now owns 78,475,807 shares of the credit services provider’s stock worth $44,098,695,000 after acquiring an additional 931,132 shares in the last quarter. Institutional investors and hedge funds own 97.28% of the company’s stock.

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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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