In a report released today, Donald Fandetti from Wells Fargo maintained a Buy rating on Mastercard (MA). The company’s shares closed last Friday at $295.68.
According to TipRanks.com, Fandetti is a 4-star analyst with an average return of 5.6% and a 63.9% success rate. Fandetti covers the Financial sector, focusing on stocks such as Discover Financial Services, Velocity Financial, and Starwood Property.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Mastercard with a $321.00 average price target, which is a 9.2% upside from current levels. In a report issued on July 9, J.P. Morgan also maintained a Buy rating on the stock with a $315.00 price target.
See today’s analyst top recommended stocks >>
Mastercard’s market cap is currently $296.8B and has a P/E ratio of 37.80. The company has a Price to Book ratio of -2494.00.
Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MA in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Mastercard, Inc. operates as a technology company. The firm engages in the payments industry that connects consumers, financial institutions, merchants, governments and business. It offers payment solutions for the development and implementation of credit, debit, prepaid, commercial and payment programs. The company was founded in 1966 and is headquartered in Purchase, NY.
Read More on MA:
