The trading price of Mastercard Incorporated (NYSE:MA) floating higher at last check on Wednesday, Jan 13, closing at $342.92, 1.58% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $344.23 and $349.61. The company’s P/E ratio in the trailing 12-month period was 51.67, while its 5Y monthly beta was 1.17. In examining the 52-week price action we see that the stock hit a 52-week high of $367.25 and a 52-week low of $199.99. Over the past month, the stock has gained 3.44% in value.
Mastercard Incorporated, whose market valuation is $338.01 Billion at the time of this writing, is expected to release its quarterly earnings report Jan 27, 2021- Feb 01, 2021. The dividend yield on the company stock is 0.51, while its Forward Dividend ratio is 1.76. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $1.53 per share this quarter, however they have predicted annual earnings per share of $6.35 for 2021 and $8.23 for 2022. It means analysts are expecting annual earnings per share growth of -0.18% this year and 0.3% next year.
Analysts have forecast the company to bring in revenue of $4.02 Billion for the quarter, with the likely lows of $3.93 Billion and highs of $4.22 Billion. The average estimate suggests sales will likely down by -9% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $15.22 Billion. The company’s revenue is forecast to drop by -9.9% over what it did in 2020.
On the technical side, indicators suggest MA has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned MA a recommendation rating is 38. Out of them, 4 rate it a Hold, while 30 recommend Buy, whereas 3 assign an Outperform rating. 1 analyst(s) have tagged Mastercard Incorporated (MA) as Underperform, while not any of them advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 4.97, which symbolizes a positive outlook. A quick review shows that MA’s price is currently 1.69% off the SMA20 and 4.1% off the SMA50. The RSI metric on the 14-day chart is currently showing 54.83, and weekly volatility stands at 2.13%. When measured over the past 30 days, the indicator reaches 2.13%. Mastercard Incorporated (NYSE:MA)’s beta value is currently sitting at 1.17, while the Average True Range indicator is currently displaying 7.65. With analysts defining $318-$440 as the low and high price targets, we arrive at a consensus price target of $374.81 for the trailing 12-month period. The current price is about -8.71% off the estimated low and 26.32% off the forecast high, based on this estimate. Investors will be thrilled if MA’s share price rises to $370, which is the median consensus price. At that level, MA’s share price would be +6.22% above current price.
To see how Mastercard Incorporated stock has been performing today in comparison to its peers in the industry, here are the numbers: MA stock’s performance was +1.58% at last check in today’s session, and +8.79% in the past year, while Visa Inc (V) has been trading +0.76% in recent session and positioned +6.93% higher than it was a year ago. Another comparable company Fidelity National Information Services (FIS) saw its stock trading -0.43% lower in today’s session but was down -6.38% in a year. Furthermore, Fiserv Inc (FISV) showed an increase of 1.58% today while its price kept rising at 8.79% over the past year. Mastercard Incorporated has a P/E ratio of 51.67, compared to Visa Inc’s 45.89 and Fidelity National Information Services’s 0. Also during today’s trading, the S&P 500 Index has surged 0.11%, while the Dow Jones Industrial also saw a negative seesion, down -0.1% today.
An evaluation of the daily trading volume of Mastercard Incorporated (NYSE:MA) indicates that the 3-month average is 3.81 Million. However, this figure has declined over the past 10 days to an average of 3.62 Million.
Currently, records show that 988.47 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 11.51% of outstanding shares, whereas institutions hold 77.39%. The stats also highlight that short interest as of December 30, 2020, stood at 3.85 Million shares, resulting in a short ratio of 1.12 at that time. From this, we can conclude that short interest is 0.39% of the company’s total outstanding shares. It is noteworthy that short shares in December were down slightly from the previous month’s figure, which was 5.67 Million. However, since the stock’s price has seen -3.93% year-to-date, investors’ interest is likely to be reignited due to its potential to move higher ahead.
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