Mastercard (MA) Rating Increased to Buy at Mizuho

Mastercard (NYSE:MA) was upgraded by equities research analysts at Mizuho from a “neutral” rating to a “buy” rating in a report issued on Thursday.

MA has been the subject of a number of other reports. Guggenheim upgraded shares of Mastercard from a “neutral” rating to a “buy” rating and boosted their target price for the company from $135.00 to $153.00 in a research note on Monday, September 11th. Sanford C. Bernstein reiterated a “buy” rating and set a $180.00 target price (up from $166.00) on shares of Mastercard in a research note on Monday, December 11th. Zacks Investment Research upgraded shares of Mastercard from a “hold” rating to a “buy” rating and set a $170.00 target price for the company in a research note on Tuesday. Barclays boosted their target price on shares of Mastercard from $142.00 to $148.00 and gave the company an “overweight” rating in a research note on Friday, September 8th. Finally, Buckingham Research assumed coverage on shares of Mastercard in a research note on Monday, October 2nd. They set a “buy” rating and a $163.00 target price for the company. Two research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $159.45.

Mastercard (NYSE:MA) opened at $159.04 on Thursday. Mastercard has a 1-year low of $104.01 and a 1-year high of $159.04. The firm has a market cap of $168,370.00, a P/E ratio of 37.07, a P/E/G ratio of 1.74 and a beta of 1.21. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.66 and a quick ratio of 1.66.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Tuesday, October 31st. The credit services provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The company had revenue of $3.40 billion during the quarter, compared to analyst estimates of $3.28 billion. Mastercard had a net margin of 38.70% and a return on equity of 78.38%. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.08 EPS. analysts anticipate that Mastercard will post 4.54 earnings per share for the current year.

Mastercard announced that its Board of Directors has initiated a share repurchase plan on Monday, December 4th that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the credit services provider to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

In related news, insider Edward Grunde Mclaughlin sold 17,167 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $151.81, for a total value of $2,606,122.27. Following the completion of the transaction, the insider now owns 47,901 shares of the company’s stock, valued at approximately $7,271,850.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Michael Fraccaro sold 5,800 shares of the company’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $147.59, for a total transaction of $856,022.00. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Massey Quick Simon & CO. LLC bought a new position in shares of Mastercard during the 3rd quarter valued at about $102,000. Wealthcare Advisory Partners LLC bought a new position in shares of Mastercard during the 3rd quarter valued at about $106,000. Thompson Davis & CO. Inc. boosted its holdings in shares of Mastercard by 170.1% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 546 shares during the last quarter. Proficio Capital Partners LLC boosted its holdings in shares of Mastercard by 1.3% during the 2nd quarter. Proficio Capital Partners LLC now owns 905 shares of the credit services provider’s stock valued at $118,000 after purchasing an additional 12 shares during the last quarter. Finally, Horan Capital Advisors LLC. bought a new position in shares of Mastercard during the 3rd quarter valued at about $131,000. 75.57% of the stock is owned by institutional investors.

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About Mastercard

MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.

Analyst Recommendations for Mastercard (NYSE:MA)

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