Close

MasterCard (MA): Raising PT To $128 - BMO

July 29, 2016 11:14 AM EDT
Get Alerts MA Hot Sheet
Price: $480.52 +0.54%

Rating Summary:
    38 Buy, 5 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
Join SI Premium – FREE

BMO Capital analyst, James, Fotheringham, reiterated his Outperform rating on shares of MasterCard (NYSE: MA) after 2Q16 core EPS of $0.96 beat consensus of $0.90 by 7%. Higher-than-expected revenues more than offset higher operating expenses. MA's top-line-driven beat was driven by strong (+14% y/y) transaction processing growth (driving higher fees) and "other revenues" (+25% y/y) primarily driven by consulting fees (e.g., from MasterCard Advisors, safety and security services).

The PT jumps to $128 from $120.

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 $96.01 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 PT Change

Related Entities

BMO Capital