Wells Fargo Has Just Reaffirmed $227 Target Price Per Share on Mastercard (NYSE:MA) stock, While They’ve Also Reiterated Their “Outperform” Rating

July 12, 2018 - By Alfred Lee

Mastercard Incorporated (NYSE:MA) Logo

Investors sentiment decreased to 0.86 in 2018 Q1. Its down 0.05, from 0.91 in 2017Q4. It turned negative, as 47 investors sold Mastercard Incorporated shares while 533 reduced holdings. 121 funds opened positions while 378 raised stakes. 750.68 million shares or 1.84% less from 764.78 million shares in 2017Q4 were reported.

24,616 are held by Boston Advsrs Llc. Caprock Grp Inc owns 3,320 shares. Cibc Ww Mkts invested 0.42% of its portfolio in Mastercard Incorporated (NYSE:MA). Roosevelt Invest Group Inc reported 1.43% stake. Asset Mgmt One Limited holds 0.65% or 1.65 million shares. Chesley Taft And Ltd Liability holds 1.02% or 65,510 shares. Haverford Fincl Ser Incorporated has 77,302 shares for 5.15% of their portfolio. Berkshire Hathaway Incorporated invested 0.46% in Mastercard Incorporated (NYSE:MA). Johnson Fin Grp holds 0.06% of its portfolio in Mastercard Incorporated (NYSE:MA) for 2,787 shares. Arizona State Retirement System stated it has 0.45% in Mastercard Incorporated (NYSE:MA). Associated Banc has 53,128 shares for 0.53% of their portfolio. Wealthfront Inc invested in 45,550 shares or 0.08% of the stock. Korea Inv holds 0.67% or 826,116 shares in its portfolio. Illinois-based Busey has invested 1.3% in Mastercard Incorporated (NYSE:MA). Spectrum Asset (Nb Ca) owns 6,035 shares or 0.95% of their US portfolio.

Since March 9, 2018, it had 0 buys, and 7 insider sales for $56.62 million activity. Haythornthwaite Richard sold $866,104 worth of stock or 5,000 shares. Fraccaro Michael sold $741,960 worth of Mastercard Incorporated (NYSE:MA) on Monday, April 30. $5.53 million worth of Mastercard Incorporated (NYSE:MA) was sold by Murphy Timothy H. CARLUCCI DAVID R sold $1.09 million worth of Mastercard Incorporated (NYSE:MA) on Friday, March 9. Another trade for 17,496 shares valued at $3.25M was sold by Vosburg Craig.

Mastercard (NYSE:MA) Rating Reaffirmed

The company has just set a target of $227 on Mastercard (NYSE:MA) shares. This is 9.17 % from the current price. In analysts report issued to clients on Thursday morning, Wells Fargo reaffirmed their “Outperform” rating on shares of MA.

Mastercard Incorporated (NYSE:MA) Ratings Coverage

Among 26 analysts covering Mastercard (NYSE:MA), 24 have Buy rating, 0 Sell and 2 Hold. Therefore 92% are positive. Mastercard has $222 highest and $178 lowest target. $201.04’s average target is -3.32% below currents $207.94 stock price. Mastercard had 35 analyst reports since January 18, 2018 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, February 1. The stock of Mastercard Incorporated (NYSE:MA) earned “Overweight” rating by Barclays Capital on Tuesday, January 30. The firm has “Buy” rating by Bernstein given on Tuesday, March 27. The firm has “Overweight” rating by Morgan Stanley given on Friday, February 2. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Thursday, February 1. On Thursday, February 1 the stock rating was maintained by BMO Capital Markets with “Buy”. As per Friday, February 2, the company rating was maintained by KeyBanc Capital Markets. Sandler O’Neill upgraded the stock to “Hold” rating in Thursday, February 1 report. The firm has “Buy” rating given on Thursday, February 1 by Credit Suisse. The firm earned “Buy” rating on Tuesday, June 26 by Buckingham Research.

The stock increased 2.01% or $4.1 during the last trading session, reaching $207.94. About 1.00 million shares traded. Mastercard Incorporated (NYSE:MA) has risen 56.80% since July 12, 2017 and is uptrending. It has outperformed by 44.23% the S&P500.

Analysts await Mastercard Incorporated (NYSE:MA) to report earnings on July, 26 before the open. They expect $1.54 earnings per share, up 40.00 % or $0.44 from last year’s $1.1 per share. MA’s profit will be $1.61B for 33.76 P/E if the $1.54 EPS becomes a reality. After $1.50 actual earnings per share reported by Mastercard Incorporated for the previous quarter, Wall Street now forecasts 2.67 % EPS growth.

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related services and products in the United States and internationally. The company has market cap of $217.09 billion. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related services and products. It has a 51.28 P/E ratio. The firm also offers value-added services, such as loyalty and reward programs, information and consulting services, issuer and acquirer processing solutions, and payment and mobile gateways.

More important recent Mastercard Incorporated (NYSE:MA) news were published by: Wallstreetpr.com which released: “Deloitte, Mastercard Inc (NYSE:MA), And PricewaterhouseCoopers Are Looking For Cryptographic Talent” on July 11, 2018, also Seekingalpha.com published article titled: “Oakmark Global Fund: Second Quarter 2018”, Prnewswire.com published: “Diebold Nixdorf And Mastercard Join Forces To Provide Industry-Defining, Managed Self-Service Solution For Banking …” on July 12, 2018. More interesting news about Mastercard Incorporated (NYSE:MA) was released by: Seekingalpha.com and their article: “Oakmark Equity And Income Fund: Second Quarter 2018” with publication date: July 11, 2018.

Mastercard Incorporated (NYSE:MA) Institutional Positions Chart

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