Mastercard (NYSE:MA) Price Target Lowered to $510.00 at JPMorgan Chase & Co.

Mastercard (NYSE:MA) had its target price decreased by equities researchers at JPMorgan Chase & Co. from $520.00 to $510.00 in a research note issued on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the credit services provider’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 15.30% from the company’s current price.

A number of other equities analysts have also recently commented on MA. BMO Capital Markets lifted their target price on shares of Mastercard from $480.00 to $490.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Robert W. Baird upped their target price on shares of Mastercard from $525.00 to $545.00 and gave the company an “outperform” rating in a report on Thursday, April 18th. Susquehanna reissued a “positive” rating and set a $535.00 price target on shares of Mastercard in a report on Wednesday, April 3rd. Wells Fargo & Company upped their price objective on Mastercard from $490.00 to $530.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Finally, Evercore ISI boosted their target price on Mastercard from $530.00 to $545.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Two investment analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Mastercard has an average rating of “Moderate Buy” and an average target price of $489.68.

Mastercard Stock Performance

Shares of MA stock traded up $0.26 during mid-day trading on Thursday, hitting $442.33. 1,857,158 shares of the stock were exchanged, compared to its average volume of 2,432,749. The stock’s fifty day simple moving average is $470.78 and its two-hundred day simple moving average is $437.42. The company has a debt-to-equity ratio of 2.06, a quick ratio of 1.17 and a current ratio of 1.17. Mastercard has a 12-month low of $357.85 and a 12-month high of $490.00. The stock has a market capitalization of $412.65 billion, a price-to-earnings ratio of 37.39, a P/E/G ratio of 1.71 and a beta of 1.08.

Mastercard (NYSE:MA) last released its quarterly earnings results on Wednesday, May 1st. The credit services provider reported $3.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $0.09. Mastercard had a return on equity of 191.22% and a net margin of 44.60%. The firm had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.34 billion. During the same quarter last year, the business posted $2.80 EPS. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. On average, analysts forecast that Mastercard will post 14.35 EPS for the current year.

Insider Activity at Mastercard

In other news, major shareholder Foundation Mastercard sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $487.25, for a total transaction of $97,450.00. Following the completion of the transaction, the insider now directly owns 97,543,308 shares of the company’s stock, valued at approximately $47,527,976,823. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Mastercard news, major shareholder Foundation Mastercard sold 200 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $487.25, for a total transaction of $97,450.00. Following the sale, the insider now owns 97,543,308 shares in the company, valued at approximately $47,527,976,823. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Venkata R. Madabhushi sold 16,037 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $475.94, for a total value of $7,632,649.78. Following the transaction, the chief marketing officer now directly owns 12,255 shares of the company’s stock, valued at approximately $5,832,644.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 467,088 shares of company stock valued at $215,249,338. Insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Altshuler Shaham Ltd purchased a new position in shares of Mastercard during the fourth quarter valued at approximately $26,000. VitalStone Financial LLC raised its holdings in Mastercard by 300.0% in the 4th quarter. VitalStone Financial LLC now owns 60 shares of the credit services provider’s stock valued at $26,000 after acquiring an additional 45 shares during the last quarter. LFA Lugano Financial Advisors SA purchased a new position in shares of Mastercard during the 4th quarter worth $27,000. Westend Capital Management LLC acquired a new stake in shares of Mastercard during the first quarter worth $27,000. Finally, Palisade Asset Management LLC purchased a new stake in shares of Mastercard in the first quarter valued at $27,000. 97.28% of the stock is currently owned by hedge funds and other institutional investors.

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.