
MasterCard’s Target, Estimates Boosted at Jefferies (MA)
Credit card issuer MasterCard Inc ( MA ) on Tuesday caught some further bullish commentary from analysts at Jefferies & Co.
The firm maintained its "Buy" rating on MA and lifted its price target to $521, suggesting a 21% upside to the stock's Monday closing price of $430.26. Jefferies also boosted its earnings estimates for the company, citing strong card volume metrics.
MasterCard shares rose $4.62, or +1.1%, in morning trading Tuesday.
The Bottom Line
Shares of Mastercard ( MA ) have a .28% dividend yield, based on last night's closing stock price of $430.26. The stock has technical support in the $416-$420 price area. The shares are trading near all-time highs.
MasterCard Inc ( MA ) 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 Best Dividend Stocks , as well as a detailed explanation of our ratings system here .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Created by Dividend.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.