Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of MasterCard in a research note to investors on Thursday. They now have a $474.00 price target on the stock. Separately, analysts at UBS AG (NYSE: UBS) raised their price target on shares of MasterCard from $439.00 to $457.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Finally, 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.
Shares of MasterCard traded down 0.67% during mid-day trading on Thursday, hitting $439.46. MasterCard has a 52 week low of $258.34 and a 52 week high of $466.98. The company has a market cap of $50.403 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. On average, analysts predict that MasterCard will post $6.14 earnings per share 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.