Stock Update: MasterCard Inc (NYSE:MA) – Walmart Adds MasterPass™ by MasterCard to Online and Mobile Checkout

[Business Wire] – With online and mobile purchases soaring, MasterCard today announced that Walmart will accept MasterPass in 2016 across its domestic online properties. MasterPass by MasterCard is a digital payments platform that enhances the online and mobile checkout process. Read more on this. MasterCard Incorporated (MA) , with a current value of $106.49B, started the session at $95.18. A quick look at the market, the company’s stock traded between $94.10 and $95.59 with the price of the stock fluctuating between $74.61 to $101.76 over the last 52 weeks. Master Card (MA) shares are currently priced at 29.06x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 24.19x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $0.76 per share annually in dividends, yielding 0.78%. Consensus earnings for the current quarter by the 35 sell-side analysts covering the stock is an estimate of $0.72 per share, which would be $0.03 better than the year-ago quarter and a $0.05 sequential decrease. The full-year EPS estimate is $3.35 which would be a $0.25 better than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.56 Billion. If reported, that would be a 5.79% increase over the year-ago quarter. In terms of ratings, Sterne Agee CRT Initiated MA at Buy (Dec 17, 2015). Previously, Credit Agricole Initiated MA at to Outperform. The average price target for MA shares by the analysts covering the stock is $111.67, which is 17.33% above where the stock opened this morning. See more in (NYSE:MA) Similar Articles: Market Update: MasterCard Inc (NYSE:MA) – FreshDirect and MasterCard Partner to Enhance the Online Grocery Shopping Experience Stock Update: MasterCard Inc (NYSE:MA) – MasterCard and PAY.ON Partner to Deliver MasterPass Acceptance to Over 110 Payment Service Providers (PSPs) and More Than 56,000 Web Shops Market Update (NYSE:MA): MasterCard Makes Apple Pay a Priceless Player in the Lineup for the 2015 MLB All-Star Game Presented by T-Mobile in Cincinnati