Price Target Update on Mastercard Incorporated (NYSE:MA)

Mastercard Incorporated (NYSE:MA) stock is expected to deviate a maximum of $4.74 from the average target price of $108.56 for the short term period. 18 Street Experts have initiated coverage on the stock with the most promising target being $115 and the most muted being $99.

Other Equity analysts have also commented on the company shares. Citigroup maintains its rating on Mastercard Incorporated (NYSE:MA). The global brokerage major raises the current price target from $101 per share to $113 per share. Analysts at the Citigroup have a current rating of Buy on the shares. The rating by the firm was issued on April 29, 2016.

Mastercard Incorporated (NYSE:MA): stock turned positive on Thursday. Though the stock opened at $95.15, the bulls momentum made the stock top out at $95.71 level for the day. The stock recorded a low of $94.61 and closed the trading day at $95.71, in the green by 1.75%. The total traded volume for the day was 2,992,894. The stock had closed at $94.06 in the previous days trading.

The company shares have dropped -0.42% from its 1 Year high price. On Nov 11, 2015, the shares registered one year high at $101.76 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $95.76 and the 200 Day Moving Average price is recorded at $92.85. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Forster Andrea L, officer (Corporate Controller) of Mastercard Inc, had unloaded 13,480 shares at an average price of $97.02 in a transaction dated on May 10, 2016. The total value of the transaction was worth $1,307,830.

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 Companys 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.

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