UBS AG Raises Price Target on MasterCard (MA)
Equities research analysts at UBS AG (NYSE: UBS) upped their price target on shares of MasterCard (NYSE: MA) from $439.00 to $457.00 in a research note issued to investors on Thursday. The firm currently has a “neutral” rating on the stock.
MA has been the subject of a number of other recent research reports. Analysts at Deutsche Bank (NYSE: DB) raised their price target on shares of MasterCard from $465.00 to $515.00 in a research note to investors on Thursday. Separately, analysts at JPMorgan Chase (NYSE: JPM) cut their price target on shares of MasterCard from $517.00 to $514.00 in a research note to investors on Thursday. Finally, analysts at FBR Capital (NASDAQ: FBCM) raised their price target on shares of MasterCard from $430.00 to $520.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock.
Shares of MasterCard opened at 435.21 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 $49.916 billion and a P/E ratio of 27.88.
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. Analysts expect that MasterCard will post $6.14 EPS next quarter.
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.