UBS Maintains a 'Neutral ' on MasterCard (MA); Share Wins Are Encouraging, But PIN Debit Capped
Tweet Send to a FriendGet Alerts MA Hot Sheet
Price: $570.88 -1.01%
Rating Summary:
11 Buy, 11 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 17 | Down: 18 | New: 29
Rating Summary:
11 Buy, 11 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 17 | Down: 18 | New: 29
Trade MA Now!
UBS maintains a 'Neutral ' on MasterCard (NYSE: MA) price target raised from $439 to $457.
Analyst, John T. Williams, said, "Our caution into the print was not due to worries over fundamentals (which were strong), but sentiment—specifically, high expectations (EPS of $5.36 beat, but ~$5.50 expected), the impacts of a mix shift to lower-yield PIN debit, few major positive near-term catalysts, and near-term headwinds (Europe, tough comps), plus a near-inexhaustible rally in the shares since last summer. While investors remain comfortable, we think expectations will moderate."
"Our FY12E EPS moves to $22.13 (+$0.28), FY13E is $25.78 (+$0.48), and FY14E is $29.80 (+$0.53)."
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
Analyst, John T. Williams, said, "Our caution into the print was not due to worries over fundamentals (which were strong), but sentiment—specifically, high expectations (EPS of $5.36 beat, but ~$5.50 expected), the impacts of a mix shift to lower-yield PIN debit, few major positive near-term catalysts, and near-term headwinds (Europe, tough comps), plus a near-inexhaustible rally in the shares since last summer. While investors remain comfortable, we think expectations will moderate."
"Our FY12E EPS moves to $22.13 (+$0.28), FY13E is $25.78 (+$0.48), and FY14E is $29.80 (+$0.53)."
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
You May Also Be Interested In
- Jefferies Lifts Numbers on Diana Shipping (DSX) Post Q1
- Needham & Company Maintains Underpform on HP (HPQ), Says Positives Priced In
- Compuware (CPWR) Estimates Trimmed, PT Raised at Jefferies
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
UBS
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
