Nomura Securities reported on Monday that they have reaffirmed a
"Buy" rating for global payment company, Mastercard Inc(
The firm has maintained a "Buy" rating for the company, and has
increased its price target by 18% from $500 to $611. This price
target suggests a 22% increase from the stock's current price of
Following a meeting with the company's management, analyst Bill
Carcache stated that Mastercard is a company that will see growth
in "any plausible economic scenario."
Carcache also commented, "we walked away from our meetings with
even greater confidence in the strength and resilience of MA's
earningpower, and we maintain high conviction in the company's
ability to continue to deliver EPS growth of ~18% even if we enter
a severe global recession."
Mastercard shares were mostly flat during premarket trading
Monday. The stock is up 28% YTD.
The Bottom Line
Shares of Mastercard (
) have a .25% dividend yield, based on Friday's closing stock price
of $476.09. The stock has technical support in the $457-$460 price
area. The shares are trading near all-time highs.
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
Be sure to visit our complete recommended list of the
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, as well as a detailed explanation of
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