FBR Capital Lifts PT on MasterCard (MA) to $575

February 1, 2013 11:00 AM EST Send to a Friend
Get Alerts MA Hot Sheet
Price: $86.44 --0%

Rating Summary:
    17 Buy, 9 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 5 | Down: 7 | New: 23
Trade MA Now!
Join SI Premium – FREE
FBR Capital raised its price target on Outperform-rated MasterCard (NYSE: MA) from $490 to $575, reflecting increased FY14 EPS estimates and expectation that the continued secular shift to electronic payments, combined with improving operating margin, will drive 20%+ EPS CAGR 2013-2015.

The firm redueced FY13E EPS from $25.52 to $25.10, reflecting lower processed transactions due to lapping of business wins, and increase FY14E EPS from $30.38 to $30.45, reflecting better operating margin.

"While MA trades at a relatively high P/E multiple, we note the high projected EPS growth and attractive operating margin despite global macroeconomic headwinds. In addition, we believe investors are becoming increasingly confident that regulatory/legislative mandated actions (SEPA, etc.), along with new technologies (EMV, etc.), will have a manageable impact on the business."

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 $518.40 yesterday.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

Add Your Comment