MasterCard Inc (NYSE:MA) close to 52-week high, short interest decreasing

MasterCard Inc (NYSE:MA) (TREND ANALYSIS) shares were traded with thin volume. The stock closed last trading session at $93.8, up by 0.77%, with a volume of 3,279,694 shares against an average volume for the last 3 months of 4,752,940.

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MasterCard Inc (NYSE:MA) is currently trading 0.74% below its 52-week-high, 34.69% above its 52-week-low. The 1-year range for the stock is $69.64 – $94.5. MasterCard Inc (MA) has a price to earnings ratio of 28.78 versus Financial sector average of 27.47. MA stock price has outperformed the S&P 500 by 5.6%. The Commercial Services company is currently valued at $106.95 billion and its share price closed the last trading session at $93.8. The stock has a 50-day moving average of $89.93 and a 200-day moving average of $87.3.

MasterCard Inc (MA) current short interest stands at 16.14 million shares. It has decreased by 9% from the same period of last month. Around 2% of the company’s shares, which are float, are short sold. With a 10-days average volume of 4.09 million shares, the number of days required to cover the short positions stand at 4 days.

MA reported last quarter earnings on April 29. The Commercial Services company announced earnings per share of $0.91 against a consensus Street estimate of $0.8, beating the average estimate by $0.11. This corresponds to an increase of $0.2 compared to the same quarter of the previous fiscal year.

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There are currently thirty-eight analysts that cover MA stock. Of those thirty-eight, thirty have a Buy rating, seven have a Hold rating and one has a Sell rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $100.41.

A recent analyst activity consisted of Pacific Crest upgrading their Sector Perform rating to on May 19. Pacific Crest set their price target at $110. This corresponds to a 17.27% upside from the last closing price. On the date of report, the stock closed at $93.08.

Stifel Nicolaus reiterated their Buy stance on May 1, and increased their price target on MA stock from $105 to $106. This corresponds to a 13.01% upside from the last closing price. On the date of report, the stock closed at $91.25.

Another research firm was JP Morgan who reiterated their Overweight stance on April 6. JP Morgan decreased price target from $98 to $97. This translates to a 3.41% upside from the last closing price. On the date of report, the stock closed at $87.18.

Company profile

MasterCard, Inc. is a global payment solutions company that provides a variety of services in support of the credit, debit and related payment programs of financial institutions. The Company offers transaction processing services for credit and debit cards, electronic cash, automated teller machines, and travelers checks.

MasterCard Inc (NYSE:MA) close to 52-week high, short interest decreasing was last modified: May 20th, 2015 by Jason Ford