FBR Capital Raises Price Target on MasterCard (MA)
Research analysts at FBR Capital (NASDAQ: FBCM) lifted their target price on shares of MasterCard (NYSE: MA) from $430.00 to $520.00 in a report released on Thursday. The firm currently has an “outperform” rating on the stock.
Shares of MasterCard opened at 442.43 on Thursday. MasterCard has a one year low of $258.34 and a one year high of $466.98. The company has a market cap of $55.972 billion and a P/E ratio of 29.79.
The company last announced its quarterly results on Wednesday, May 2nd. It reported $5.36 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $5.27 EPS by $0.09. The company’s quarterly revenue was up 17.1% on a year-over-year basis. On average, analysts predict that MasterCard will post $6.14 earnings per share next quarter.
A number of other analysts have also recently weighed in on MA. Analysts at Jefferies Group (NYSE: JEF) raised their price target on shares of MasterCard from $436.00 to $521.00 in a research note to investors on Tuesday, April 24th. They now have a “buy” rating on the stock. Separately, analysts at Evercore Partners upgraded shares of MasterCard from an “equal weight” rating to an “overweight” rating in a research note to investors on Friday, April 20th. They now have a $540.00 price target on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of MasterCard from $440.00 to $505.00 in a research note to investors on Monday, April 9th. They now have a “buy” rating on the stock.
MasterCard Incorporated (MasterCard) is a global payments company that provides a economic link among financial institutions, businesses, merchants, cardholders and governments worldwide, enabling them to use electronic forms of payment instead of cash and checks.