Equities research analysts at Citigroup (NYSE: C) boosted their price target on shares of MasterCard (NYSE: MA) to $340.00 in a research note to investors on Thursday. The analysts currently have a “hold” rating on the stock.

Separately, analysts at FBR Capital (NASDAQ: FBCM) raised their price target on shares of MasterCard from $330.00 to $390.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Also, analysts at Wedbush raised their price target on shares of MasterCard to $280.00 in a research note to investors on Thursday, June 30th.

Shares of MasterCard traded up 1.27% during mid-day trading on Friday, hitting $326.71. MasterCard has a 52 week low of $191.00 and a 52 week high of $340.42. The stock’s 50-day moving average is $299.8 and its 200-day moving average is $270.. The company has a market cap of $41.571 billion and a price-to-earnings ratio of 21.68.

MasterCard last announced its quarterly results on Wednesday, August 3rd. The company reported $4.76 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $4.23 EPS by $0.53. The company’s quarterly revenue was up 22.1% on a year-over-year basis. On average, analysts predict that MasterCard will post $3.98 EPS next quarter.

MasterCard Incorporated (MasterCard) is a payment solutions company that provides a variety of services in support of the credit, debit and related payment programs of approximately 23,000 financial institutions and other entities that are its customers. Through its three-tiered business model as franchisor, processor and advisor, the Company develops and markets payment solutions, process payment transactions, and provides support services to its customers and, depending upon the service, to merchants and other clients. MasterCard manages a family of payment card brands, including MasterCard, MasterCard Electronic, Maestro and Cirrus, which the Company licenses to its customers. In December 2008, MasterCard acquired Orbiscom Ltd. In October 2010, the Company acquired DataCash Group PLC. In December 2010, the Company purchased the prepaid Card Program Management (CPM) operations of Travelex. Read More