Mastercard (NYSE:MA) PT Raised to $520.00 at JPMorgan Chase & Co.

Mastercard (NYSE:MA) had its price objective lifted by analysts at JPMorgan Chase & Co. from $504.00 to $520.00 in a report released on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the credit services provider’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 13.17% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. Mizuho reaffirmed a “buy” rating and issued a $480.00 price target on shares of Mastercard in a report on Wednesday, March 27th. Monness Crespi & Hardt initiated coverage on Mastercard in a research note on Wednesday, December 20th. They set a “neutral” rating for the company. Evercore ISI boosted their price objective on Mastercard from $530.00 to $545.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. BMO Capital Markets boosted their price objective on Mastercard from $480.00 to $490.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Finally, Royal Bank of Canada boosted their price objective on Mastercard from $432.00 to $499.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Two research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Mastercard currently has a consensus rating of “Moderate Buy” and an average price target of $485.91.

Mastercard Stock Performance

Shares of MA stock opened at $459.50 on Monday. The stock has a market cap of $428.66 billion, a PE ratio of 38.84, a price-to-earnings-growth ratio of 1.77 and a beta of 1.08. The business has a 50-day simple moving average of $471.86 and a 200-day simple moving average of $433.03. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 2.06. Mastercard has a 52-week low of $357.85 and a 52-week high of $490.00.

Mastercard (NYSE:MA) last issued its quarterly earnings data on Wednesday, January 31st. The credit services provider reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.10. The business had revenue of $6.55 billion during the quarter, compared to analysts’ expectations of $6.46 billion. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. During the same quarter in the previous year, the firm posted $2.65 EPS. On average, equities analysts expect that Mastercard will post 14.35 EPS for the current year.

Insider Activity

In other news, insider Ajay Bhalla sold 98 shares of the company’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $439.52, for a total transaction of $43,072.96. Following the completion of the transaction, the insider now directly owns 6,235 shares of the company’s stock, valued at approximately $2,740,407.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Ajay Bhalla sold 98 shares of Mastercard stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $439.52, for a total transaction of $43,072.96. Following the sale, the insider now directly owns 6,235 shares in the company, valued at approximately $2,740,407.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Craig Vosburg sold 13,542 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $460.06, for a total transaction of $6,230,132.52. Following the completion of the transaction, the insider now owns 46,491 shares of the company’s stock, valued at approximately $21,388,649.46. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,728 shares of company stock worth $19,479,753. Corporate insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On Mastercard

Large investors have recently modified their holdings of the company. Westend Capital Management LLC acquired a new stake in shares of Mastercard in the first quarter valued at approximately $27,000. VitalStone Financial LLC raised its stake in shares of Mastercard by 300.0% during the fourth quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 45 shares during the last quarter. Altshuler Shaham Ltd purchased a new stake in shares of Mastercard during the fourth quarter worth approximately $26,000. LFA Lugano Financial Advisors SA purchased a new stake in shares of Mastercard during the fourth quarter worth approximately $27,000. Finally, Scarborough Advisors LLC purchased a new stake in shares of Mastercard during the fourth quarter worth approximately $28,000. 97.28% of the stock is owned by institutional investors and hedge funds.

Mastercard Company Profile

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.