After Making 52-Week High, Is Mastercard Incorporated (MA)’s Near-Term Analysis Positive?

January 21, 2018 - By Peter Erickson

Investors sentiment increased to 0.89 in 2017 Q3. Its up 0.01, from 0.88 in 2017Q2. It increased, as 39 investors sold Mastercard Incorporated shares while 488 reduced holdings. 103 funds opened positions while 367 raised stakes. 779.91 million shares or 1.33% less from 790.40 million shares in 2017Q2 were reported.
Bryn Mawr Trust reported 1.01% stake. Matarin Capital Ltd holds 0.24% of its portfolio in Mastercard Incorporated (NYSE:MA) for 20,370 shares. Independence has 0.37% invested in Mastercard Incorporated (NYSE:MA). Akre Mngmt Ltd Liability accumulated 5.33M shares. Rathbone Brothers Public Ltd accumulated 275,823 shares. Alps Advsr reported 4,653 shares stake. Holderness Investments has invested 0.53% of its portfolio in Mastercard Incorporated (NYSE:MA). D E Shaw & Co holds 0.02% or 83,093 shares. Moreover, Thompson Siegel & Walmsley Limited Liability has 0% invested in Mastercard Incorporated (NYSE:MA) for 1,422 shares. Arrowgrass Cap Ptnrs (Us) Lp invested 0.18% in Mastercard Incorporated (NYSE:MA). Paloma Prtn Mgmt stated it has 53,066 shares or 0.1% of all its holdings. Reinhart reported 0.05% in Mastercard Incorporated (NYSE:MA). Greystone Investment Management Ltd Co has 41,826 shares. Moore Cap Mngmt Limited Partnership owns 200,000 shares for 0.55% of their portfolio. Proshare Advsrs Limited Liability Co has invested 0.28% in Mastercard Incorporated (NYSE:MA).

Since July 31, 2017, it had 0 insider buys, and 8 insider sales for $48.22 million activity. Haythornthwaite Richard sold $712,540 worth of Mastercard Incorporated (NYSE:MA) on Monday, October 2. The insider HUNDMEJEAN MARTINA sold 91,107 shares worth $11.83M. McLaughlin Edward Grunde had sold 17,167 shares worth $2.61 million on Tuesday, January 2. $2.01 million worth of Mastercard Incorporated (NYSE:MA) was sold by Vosburg Craig on Thursday, September 21. 5,800 shares were sold by Fraccaro Michael, worth $856,027 on Thursday, October 12.

The stock of Mastercard Incorporated (NYSE:MA) hit a new 52-week high and has $175.17 target or 5.00 % above today’s $166.83 share price. The 7 months bullish chart indicates low risk for the $176.62 billion company. The 1-year high was reported on Jan, 21 by Barchart.com. If the $175.17 price target is reached, the company will be worth $8.83B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.82% or $1.35 during the last trading session, reaching $166.83. About 2.95 million shares traded. Mastercard Incorporated (NYSE:MA) has risen 24.16% since January 21, 2017 and is uptrending. It has outperformed by 7.46% the S&P500.

Analysts await Mastercard Incorporated (NYSE:MA) to report earnings on January, 30. They expect $1.12 EPS, up 30.23 % or $0.26 from last year’s $0.86 per share. MA’s profit will be $1.19 billion for 37.24 P/E if the $1.12 EPS becomes a reality. After $1.34 actual EPS reported by Mastercard Incorporated for the previous quarter, Wall Street now forecasts -16.42 % negative EPS growth.

Mastercard Incorporated (NYSE:MA) Ratings Coverage

Among 37 analysts covering Mastercard Incorporated (NYSE:MA), 34 have Buy rating, 0 Sell and 3 Hold. Therefore 92% are positive. Mastercard Incorporated had 100 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Outperform” rating by RBC Capital Markets given on Monday, October 31. Piper Jaffray maintained the stock with “Buy” rating in Tuesday, October 31 report. The rating was maintained by Stephens on Tuesday, January 9 with “Buy”. The firm has “Buy” rating given on Wednesday, November 1 by Nomura. The company was downgraded on Monday, August 31 by Vetr. The stock of Mastercard Incorporated (NYSE:MA) earned “Outperform” rating by Cowen & Co on Wednesday, September 30. Credit Suisse maintained Mastercard Incorporated (NYSE:MA) rating on Friday, September 8. Credit Suisse has “Outperform” rating and $145 target. KeyBanc Capital Markets maintained Mastercard Incorporated (NYSE:MA) rating on Thursday, September 7. KeyBanc Capital Markets has “Buy” rating and $150.0 target. Credit Suisse downgraded it to “Hold” rating and $12800 target in Thursday, July 27 report. S&P Research downgraded the stock to “Hold” rating in Friday, October 30 report.

More important recent Mastercard Incorporated (NYSE:MA) news were published by: Nasdaq.com which released: “Mastercard Incorporated (MA) Ex-Dividend Date Scheduled for January 08, 2018” on January 05, 2018, also Fool.com published article titled: “How Recent Acquisitions Are Powering Mastercard’s Growth”, Nasdaq.com published: “Mastercard Reaches Analyst Target Price” on January 18, 2018. More interesting news about Mastercard Incorporated (NYSE:MA) was released by: Foxbusiness.com and their article: “Retailers feel shoppers’ Christmas cheer” with publication date: December 26, 2017.

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 $176.62 billion. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related services and products. It has a 38.92 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.

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