In a report released today, Morgan Stanley’s James Faucette maintained a Buy Mastercard rating (BUT), with a price target of $ 286.00. The company’s shares closed last Wednesday at $ 268.74.
According to TipRanks.com, Faucette is a 5-star analyst with an average return of 11.2% and a success rate of 73.8%. Faucette covers the technology sector, focusing on titles such as SS&C Technologies Holdings, Fidelity National Info and DXC Technology Company.
Currently, the consensus of analysts on Mastercard is a strong purchase with an average price target of $ 330.83, a rise of 26.0% from current levels. In a report released March 24, Oppenheimer also maintained a Buy rating on the stock with a price target of $ 280.00.
See the main actions recommended by today’s analysts >>
Based on the latest release of Mastercard earnings for the quarter ending December 31, the company reported quarterly revenue of $ 4.41 billion and net profit of $ 2.1 billion. In comparison, the company made $ 3.81 billion in revenues and $ 899 million in net profit last year.
Based on the recent activity of corporate insiders of 72 insiders, the sentiment of corporate insiders is negative on the stock. This means that in the last quarter there was an increase in the insiders selling their MA shares in relation to this year.
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Mastercard, Inc. operates as a technology company. The company engages in the payments sector that connects consumers, financial institutions, merchants, governments and businesses. It offers payment solutions for the development and implementation of credit, debt, prepaid, commercial and payment programs. The company was founded in 1966 and is headquartered in Purchase, New York.