Price Don’t Lie: Does Mastercard Inc Have More Gas After Achieving Record High?

Price Don't Lie: Does Mastercard Inc Have More Gas After Achieving Record High?

The stock of Mastercard Inc (NYSE:MA) reached all time high today, Oct, 3 and still has $140.58 target or 38.00% above today’s $101.87 share price. This indicates more upside for the $113.13B company. This technical setup was reported by Barchart.com. If the $140.58 PT is reached, the company will be worth $42.99B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 3.69M shares traded hands or 4.24% up from the average. Mastercard Inc (NYSE:MA) has risen 17.08% since February 29, 2016 and is uptrending. It has outperformed by 4.87% the S&P500.

Analysts await Mastercard Inc (NYSE:MA) to report earnings on November, 3. They expect $0.96 earnings per share, up 5.49% or $0.05 from last year’s $0.91 per share. MA’s profit will be $1.07 billion for 26.53 P/E if the $0.96 EPS becomes a reality. After $0.96 actual earnings per share reported by Mastercard Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Mastercard Inc (NYSE:MA) Ratings Coverage

Out of 15 analysts covering Mastercard Incorporated (NYSE:MA), 10 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 67% are positive. Mastercard Incorporated has been the topic of 27 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was initiated by Sterne Agee CRT with “Buy” on Thursday, December 17. The rating was maintained by Citigroup with “Buy” on Friday, April 29. Wedbush maintained the stock with “Neutral” rating in Friday, October 30 report. The stock has “Buy” rating given by Jefferies on Tuesday, August 25. The rating was maintained by Piper Jaffray on Thursday, December 31 with “Overweight”. Evercore maintained Mastercard Inc (NYSE:MA) rating on Monday, September 7. Evercore has “Buy” rating and $124 price target. The firm has “Hold” rating by S&P Research given on Friday, October 30. The stock of Mastercard Inc (NYSE:MA) has “Neutral” rating given on Thursday, February 11 by Bank of America. The rating was initiated by Compass Point with “Neutral” on Friday, April 15. FBR Capital maintained Mastercard Inc (NYSE:MA) on Thursday, July 30 with “Mkt Perform” rating.

According to Zacks Investment Research, “MASTERCARD INCORPORATED advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions and provides industry-leading analysis and consulting services to financial institution customers and merchants. Its family of brands include MasterCard, Maestro and Cirrus.”

Insitutional Activity: The institutional sentiment decreased to 0.89 in Q2 2016. Its down 0.16, from 1.05 in 2016Q1. The ratio dropped, as 65 funds sold all Mastercard Inc shares owned while 451 reduced positions. 86 funds bought stakes while 375 increased positions. They now own 800.46 million shares or 4.95% less from 842.14 million shares in 2016Q1.
Moreover, Palisades Hudson Asset L P has 0.18% invested in Mastercard Inc (NYSE:MA) for 2,500 shares. Kingdon Capital Mgmt Llc accumulated 0.55% or 113,500 shares. Haverford Trust holds 930,506 shares or 2.06% of its portfolio. 1832 Asset Mngmt Lp owns 439,266 shares or 0.14% of their US portfolio. Hsbc Public Limited Co holds 0.25% of its portfolio in Mastercard Inc (NYSE:MA) for 1.05M shares. Capital Counsel Limited Com Ny has 0.03% invested in the company for 3,800 shares. Everence Capital Management accumulated 23,005 shares or 0.62% of the stock. Argentus Cap Llc owns 4,486 shares or 0.17% of their US portfolio. Moreover, Vsr Fincl Inc has 0.04% invested in Mastercard Inc (NYSE:MA) for 2,931 shares. Stephens Ar holds 0.12% or 31,526 shares in its portfolio. Natl Asset Management accumulated 0.1% or 5,437 shares. Moreover, Northern Tru has 0.35% invested in Mastercard Inc (NYSE:MA) for 12.30M shares. Mizuho Asset Mgmt Coltd has 0.21% invested in the company for 13,000 shares. Amf Pensionsforsakring Ab reported 1.20M shares or 1.35% of all its holdings. Tradewinds Mgmt Ltd Liability Com reported 40 shares or 0% of all its holdings.

Insider Transactions: Since April 4, 2016, the stock had 0 insider purchases, and 15 insider sales for $92.18 million net activity. Shares for $9.13M were sold by HUNDMEJEAN MARTINA on Monday, August 8. The insider Reeg Robert sold $581,959. MasterCard Foundation sold $7.66M worth of stock or 84,000 shares. Garrow Ronald E had sold 10,034 shares worth $960,756. $16.99M worth of shares were sold by BANGA AJAY on Tuesday, May 3. Flood Gary J sold $9.38M worth of Mastercard Inc (NYSE:MA) on Monday, May 2. FORSTER ANDREA L sold $1.31M worth of stock.

Another recent and important Mastercard Inc (NYSE:MA) news was published by Etfdailynews.com which published an article titled: “Mastercard Partners with Stripe for Instant Payments” on September 20, 2016.

MA Company Profile

MasterCard Incorporated, incorporated on May 9, 2001, is a technology firm that connects consumers, financial institutions, merchants, governments and businesses across the world. The Firm operates through payment solutions segment. The Firm allows user to make payments by a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus. The Company’s offerings include loyalty and reward programs, information services and consulting.

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