MasterCard’s “Neutral” Rating Reaffirmed at Zacks (MA)

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MasterCard (NYSE: MA)‘s stock had its “neutral” rating reaffirmed by Zacks in a report issued on Friday, AnalystRatingsNetwork reports. They currently have a $593.00 target price on the stock. Zacks‘ target price would indicate a potential upside of 4.72% from the stock’s previous close.

MasterCard (NYSE: MA) traded up 0.23% on Friday, hitting $566.25. MasterCard has a 1-year low of $404.70 and a 1-year high of $589.00. The stock’s 50-day moving average is currently $556.9. The company has a market cap of $68.838 billion and a price-to-earnings ratio of 24.78.

MasterCard (NYSE: MA) last announced its earnings results on Wednesday, May 1st. The company reported $6.23 earnings per share for the quarter, beating the analysts’ consensus estimate of $6.17 by $0.06. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter last year, the company posted $5.36 earnings per share. MasterCard’s revenue was up 8.4% compared to the same quarter last year. Analysts expect that MasterCard will post $25.43 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on MA. Analysts at TheStreet reiterated a “buy” rating on shares of MasterCard in a research note to investors on Thursday. Separately, analysts at Barclays Capital reiterated an “overweight” rating on shares of MasterCard in a research note to investors on Tuesday. They now have a $575.00 price target on the stock. Finally, analysts at Oppenheimer raised their price target on shares of MasterCard from $575.00 to $625.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock.

Nine research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. MasterCard presently has an average rating of “Buy” and a consensus target price of $579.04.

MasterCard Incorporated (NYSE: MA) is a global payments and technology company that connects consumers, financial institutions, merchants, Governments and businesses worldwide, enabling them to use electronic forms of payment instead of cash and checks.

To view Zacks’ full report, visit www.zacks.com

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