KeyCorp Boosts Mastercard (NYSE:MA) Price Target to $630.00

Mastercard (NYSE:MA) had its price objective lifted by stock analysts at KeyCorp from $600.00 to $630.00 in a report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the credit services provider’s stock. KeyCorp’s target price would suggest a potential upside of 13.39% from the stock’s current price.

Several other equities research analysts have also issued reports on the company. TD Cowen boosted their price target on Mastercard from $533.00 to $567.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Piper Sandler boosted their target price on shares of Mastercard from $575.00 to $591.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Royal Bank of Canada restated an “outperform” rating and set a $572.00 price target on shares of Mastercard in a report on Thursday, November 14th. Jefferies Financial Group upped their price objective on shares of Mastercard from $590.00 to $610.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, Oppenheimer cut their target price on Mastercard from $591.00 to $588.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $595.64.

Mastercard Stock Down 1.8 %

Mastercard stock opened at $555.63 on Friday. Mastercard has a twelve month low of $428.86 and a twelve month high of $576.94. The company has a debt-to-equity ratio of 2.36, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market cap of $509.97 billion, a PE ratio of 42.03, a P/E/G ratio of 2.17 and a beta of 1.10. The firm’s 50 day moving average price is $528.28 and its two-hundred day moving average price is $501.03.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, January 30th. The credit services provider reported $3.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.71 by $0.11. Mastercard had a return on equity of 178.27% and a net margin of 45.26%. On average, research analysts predict that Mastercard will post 14.47 EPS for the current fiscal year.

Mastercard announced that its board has initiated a share repurchase plan on Tuesday, December 17th that permits the company to buyback $12.00 billion in outstanding shares. This buyback authorization permits the credit services provider to purchase up to 2.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Highline Wealth Partners LLC acquired a new stake in Mastercard during the third quarter valued at approximately $25,000. First Personal Financial Services bought a new position in shares of Mastercard during the 3rd quarter worth approximately $39,000. FSA Wealth Management LLC acquired a new stake in Mastercard in the 3rd quarter valued at $54,000. Raelipskie Partnership grew its position in Mastercard by 120.0% in the third quarter. Raelipskie Partnership now owns 110 shares of the credit services provider’s stock valued at $54,000 after acquiring an additional 60 shares during the period. Finally, Legacy Investment Solutions LLC acquired a new position in Mastercard during the third quarter worth $55,000. 97.28% of the stock is currently 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.