Mastercard Incorporated (MA) : The consensus on Mastercard Incorporated (MA) based on 23 analyst recommendation on the company stock is 1.67, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 13 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 analyst believes that the stock is a Buy, which can produce decent returns in the future. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Mastercard Incorporated (MA) : 18 Wall Street analysts covering Mastercard Incorporated (MA) believe that the average level the stock could reach for the short term is $108.78. The maximum price target given is $115 and the minimum target for short term is around $99, hence the standard deviation is calculated at $4.7.
For the current week, the company shares have a recommendation consensus of Buy. Mastercard Incorporated (NYSE:MA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $96.50 and $96.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $96.92. The buying momentum continued till the end and the stock did not give up its gains. It closed at $96.53, notching a gain of 0.25% for the day. The total traded volume was 2,971,127 . The stock had closed at $96.29 on the previous day.
In a related news, The officer (Pres, MasterCard Technologies), of Mastercard Inc, Reeg Robert had unloaded 6,000 shares at $94.79 per share in a transaction on August 2, 2016. The total value of transaction was $568,740. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
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.