The stock of Mastercard Inc (NYSE:MA) reached all time high today, Oct, 31 and still has $152.07 target or 42.00% above today’s $107.09 share price. This indicates more upside for the $121.30 billion company. This technical setup was reported by Barchart.com. If the $152.07 PT is reached, the company will be worth $50.95 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 2.43 million shares traded hands. Mastercard Inc (NYSE:MA) has risen 15.22% since March 29, 2016 and is uptrending. It has outperformed by 11.74% the S&P500.
Analysts await Mastercard Inc (NYSE:MA) to report earnings on November, 3. They expect $0.96 EPS, up 5.49% or $0.05 from last year’s $0.91 per share. MA’s profit will be $1.09B for 27.89 P/E if the $0.96 EPS becomes a reality. After $0.96 actual EPS reported by Mastercard Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
Mastercard Inc (NYSE:MA) Ratings Coverage
Out of 16 analysts covering Mastercard Incorporated (NYSE:MA), 10 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 63% are positive. Mastercard Incorporated has been the topic of 31 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was downgraded on Monday, August 31 by Vetr. The firm has “Buy” rating given on Wednesday, December 16 by UBS. Bank of America downgraded the stock to “Neutral” rating in Thursday, February 11 report. S&P Research downgraded it to “Hold” rating and $103 target price in Friday, October 30 report. The company was maintained on Friday, September 11 by Citigroup. The rating was initiated by Cowen & Co with “Outperform” on Wednesday, September 30. The stock has “Buy” rating given by Stifel Nicolaus on Monday, October 31. The firm has “Buy” rating given on Friday, July 31 by S&P Research. The firm has “Neutral” rating by Wedbush given on Friday, October 30. The stock of Mastercard Inc (NYSE:MA) has “Equal-Weight” rating given on Thursday, October 20 by Barclays Capital.
According to Zacks Investment Research, “MASTERCARD INCORPORATED advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions and provides industry-leading analysis and consulting services to financial institution customers and merchants. Its family of brands include MasterCard, Maestro and Cirrus.”
Insitutional Activity: The institutional sentiment decreased to 0.89 in 2016 Q2. Its down 0.16, from 1.05 in 2016Q1. The ratio dived, as 65 funds sold all Mastercard Inc shares owned while 451 reduced positions. 86 funds bought stakes while 375 increased positions. They now own 800.46 million shares or 4.95% less from 842.14 million shares in 2016Q1.
Moreover, Archon Partners Lc has 1.73% invested in Mastercard Inc (NYSE:MA) for 72,000 shares. Metropolitan Life Ins Communication Ny last reported 0.36% of its portfolio in the stock. The Alabama-based Fjarde Ap has invested 0.46% in Mastercard Inc (NYSE:MA). Davis Cap Ltd Liability Corp has invested 1.91% of its portfolio in Mastercard Inc (NYSE:MA). Bridges Invest Management owns 175,084 shares or 2.84% of their US portfolio. Ent Financial Corp last reported 0.3% of its portfolio in the stock. Investment Mgmt Of Virginia Llc has 0.31% invested in the company for 13,910 shares. Suntrust Banks Inc accumulated 51,490 shares or 0.03% of the stock. Azimuth Capital Management Ltd Co owns 3,790 shares or 0.03% of their US portfolio. Bouchey Fincl Gp Ltd has 2,905 shares for 0.08% of their US portfolio. Moreover, Hl Fincl Services Ltd Llc has 0.02% invested in Mastercard Inc (NYSE:MA) for 10,371 shares. Jaffetilchin Investment Partners Limited Liability Company accumulated 0.12% or 4,530 shares. Dupont Capital Mngmt holds 20,962 shares or 0.04% of its portfolio. Viking Invsts L P holds 2.41% of its portfolio in Mastercard Inc (NYSE:MA) for 6.43 million shares. Carret Asset Mngmt Limited Liability Company last reported 0.29% of its portfolio in the stock.
Insider Transactions: Since May 2, 2016, the stock had 0 buys, and 15 sales for $75.63 million net activity. Shares for $9.13 million were sold by HUNDMEJEAN MARTINA on Monday, August 8. 9,600 shares with value of $926,071 were sold by Barzi Silvio on Wednesday, August 10. Shares for $7.48 million were sold by MasterCard Foundation. Fraccaro Michael had sold 2,514 shares worth $258,913 on Wednesday, October 26. 6,000 shares were sold by Reeg Robert, worth $581,959. 96,335 shares were sold by Flood Gary J, worth $9.38M. Haythornthwaite Richard sold $508,909 worth of Mastercard Inc (NYSE:MA) on Tuesday, October 4.
More recent Mastercard Inc (NYSE:MA) news were published by: Reuters.com which released: “BRIEF-Mastercard Inc Q3 earnings per share $1.08 excluding items” on October 28, 2016. Also Businessinsider.com published the news titled: “Higher consumer spending propels Mastercard to earnings beat” on October 28, 2016. Seekingalpha.com‘s news article titled: “Is MasterCard Inc. Worth The Premium Price Tag?” with publication date: October 14, 2016 was also an interesting one.
MA Company Profile
MasterCard Incorporated, incorporated on May 9, 2001, is a technology firm that connects consumers, financial institutions, merchants, governments and businesses across the world. The Firm operates through payment solutions segment. The Firm allows user to make payments by a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus. The Company’s offerings include loyalty and reward programs, information services and consulting.
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