Mastercard Inc (NYSE: MA) announced that Shamina Singh, president of the Mastercard Center for Inclusive Growth, will assume oversight of the company’s sustainability efforts in addition to her current responsibilities, effective immediately.
In this newly created role, Singh will lead the creation and execution of a sustainability strategy, taking into consideration how the company operates in the current social, cultural and economic context.
“We have built a world-class reputation for not only advancing the global discussion on the importance of inclusive growth, but also the development and delivery of practical solutions in markets across the world,” said Tim Murphy, general counsel, Mastercard. “With Shamina’s leadership, we look to take a similar approach and role in addressing critical sustainability issues related to our organization.”
Singh originally joined Mastercard in 2013 to lead the company’s efforts to digitize social subsidies programs in more than 40 countries. She was named executive director of the Mastercard Center for Inclusive Growth in December 2013, a role she held until being appointed to her current role this past July.
Prior to joining Mastercard, Singh drove public affairs and community development efforts for Nike and Citigroup. During a 15-year career in the public sector, she held senior positions in the White House and the U.S. House of Representatives.
In 2015, she was appointed to a six-year term on the Board of the Corporation for National and Community Service, a federal agency responsible for engaging more than five million citizens in community service.
Singh is an alumna of the World Economic Forum’s Young Global Leaders program and currently serves on its Council on Economic Growth and Social Inclusion. She currently serves on the board of Global Health Corps and the advisory boards of Data & Society and the Beeck Center for Social Impact + Innovation at Georgetown University. She is a Henry Crown Fellow with the Aspen Institute.
Singh holds an M.P.A. from the Lyndon B. Johnson School of Public Affairs at the University of Texas, Austin and a B.S. from Old Dominion University. (Original Source)
Shares of Mastercard Inc closed today at $104.31, up $0.14 or +0.13%. MA has a 1-year high of $108.93 and a 1-year low of $78.52. The stock’s 50-day moving average is $103.93 and its 200-day moving average is $98.69.
On the ratings front, Mastercard Inc has been the subject of a number of recent research reports. In a report issued on December 15, Merrill Lynch analyst Kenneth Bruce upgraded MA to Buy, with a price target of $130, which implies an upside of 24% from current levels. Separately, on December 1, RBC’s Daniel Perlin maintained a Buy rating on the stock and has a price target of $115.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Kenneth Bruce and Daniel Perlin have a yearly average loss of -5.3% and a return of 14.4% respectively. Bruce has a success rate of 38% and is ranked #3790 out of 4289 analysts, while Perlin has a success rate of 78% and is ranked #231.
Sentiment on the street is mostly bullish on MA stock. Out of 11 analysts who cover the stock, 10 suggest a Buy rating and one recommends to Hold the stock. The 12-month average price target assigned to the stock is $121.14, which represents a potential upside of 16% from where the stock is currently trading.