Barclays Reiterates an 'Overweight' on MasterCard (MA); Positioned for Solid 2012
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Price: $583.34 -0.25%
Rating Summary:
11 Buy, 11 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Rating Summary:
11 Buy, 11 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 21 | Down: 43 | New: 13
Trade MA Now!
Barclays reiterates an 'Overweight' on MasterCard (NYSE: MA) price target of $480.00.
Analyst, Darrin D. Peller, said, "Overall, we view the strength in underlying drivers
(with volume and transaction growth metrics in 1Q12 broadly ahead of our
estimates) as further illustrating MA's sound positioning in what remains an industry of strong secular growth..."
Peller sees several variables to slow strong revenue growth in 2012, but believe these issues are well accounted for on The Street (estimates). Barclays raises FY12 EPS estimate from $22.17 to $22.40, maintains FY13 at $26.35.
For an analyst ratings summary and ratings history on MasterCard click here. For more ratings news on MasterCard click here.
Shares of MasterCard closed at $451.45 yesterday, with a 52 week range of $258.34-$466.98.
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Analyst, Darrin D. Peller, said, "Overall, we view the strength in underlying drivers
(with volume and transaction growth metrics in 1Q12 broadly ahead of our
estimates) as further illustrating MA's sound positioning in what remains an industry of strong secular growth..."
Peller sees several variables to slow strong revenue growth in 2012, but believe these issues are well accounted for on The Street (estimates). Barclays raises FY12 EPS estimate from $22.17 to $22.40, maintains FY13 at $26.35.
For an analyst ratings summary and ratings history on MasterCard click here. For more ratings news on MasterCard click here.
Shares of MasterCard closed at $451.45 yesterday, with a 52 week range of $258.34-$466.98.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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