Mastercard Inc (MA) is Initiated by Compass Point to Neutral, Price Target at $95

Mastercard Inc (MA) was Initiated by Compass Point to “Neutral” and the brokerage firm has set the Price Target at $95. Compass Point advised their investors in a research report released on Apr 15, 2016.

Many Wall Street Analysts have commented on Mastercard Inc. Mastercard Inc was Downgraded by BofA/Merrill to ” Neutral” on Feb 11, 2016. Shares were Reiterated by Deutsche Bank on Feb 1, 2016 to “Buy” and Lowered the Price Target to $ 100 from a previous price target of $114 .Shares were Reiterated by RBC Capital Mkts on Feb 1, 2016 to “Outperform” and Lowered the Price Target to $ 104 from a previous price target of $114 .

On the company’s financial health, Mastercard Inc reported $0.79 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Jan 29, 2016. Analyst had a consensus of $0.69. The company had revenue of $2517.00 million for the quarter, compared to analysts expectations of $2551.37 million. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS.

Mastercard Inc closed down -0.32 points or -0.34% at $93.47 with 38,58,186 shares getting traded on Monday. Post opening the session at $93.92, the shares hit an intraday low of $93.39 and an intraday high of $94.68 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Apr 6, 2016, Ronald E Garrow (Chief Human Resources Officer) sold 10,034 shares at $95.75 per share price. According to the SEC, on Apr 6, 2016, Timothy H Murphy (General Counsel) sold 20,148 shares at $95.30 per share price. On Apr 5, 2016, Richard Haythornthwaite (director) sold 3,000 shares at $93.76 per share price, according to the Form-4 filing with the securities and exchange commission.

MasterCard Incorporated is a technology company in the global payments industry. The Company connects consumers financial institutions merchants Governments and businesses around the world enabling them to use electronic forms of payment instead of cash and checks. The Company’s brands include MasterCard Maestro and Cirrus. It provides offerings such as loyalty and reward programs information services and consulting. The Company focuses on segments including Government programs such as Social Security payments unemployment benefits and others; commercial programs such as payroll health savings accounts employee benefits and others and consumer reloadable programs for individuals without formal banking relationships and non-traditional users of electronic payments. The Company provides a variety of products and solutions that support payment products that customers can offer to their cardholders.

Mastercard Inc

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