Mastercard Incorporated (MA) : 14 brokerage houses believe that Mastercard Incorporated (MA) is a Strong Buy at current levels. 4 Analyst considers the fundamentals to be worthy of a Buy recommendation. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Mastercard Incorporated (MA). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 24 Wall Street Analysts endorse the stock as a Buy with a rating of 1.65.
Mastercard Incorporated (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.
Mastercard Incorporated (NYSE:MA): The stock opened at $87.16 on Wednesday but the bulls could not build on the opening and the stock topped out at $87.58 for the day. The stock traded down to $86.65 during the day, due to lack of any buying support eventually closed down at $86.83 with a loss of -1.39% for the day. The stock had closed at $88.05 on the previous day. The total traded volume was 9,412,831 shares.
Also, In the latest statement by the brokerage house, Citigroup maintains its outlook on Mastercard Incorporated (NYSE:MA). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm raises the price target from $101 per share to $113 per share. The rating by the firm was issued on April 29, 2016. The company shares have dropped -4.60% 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 $94.36 and the 200 Day Moving Average price is recorded at $92.35.
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.