Company Update (NYSE:MA): MasterCard, Samsung Make Everyday Shopping Easier in Tomorrow’s Smart Home with Launch of Groceries by MasterCard App

[Business Wire] – At the Consumer Electronics Show, MasterCard today introduced Groceries by MasterCard, a new app which enables consumers to order groceries directly from Samsung’s new Family Hub refrigerator. Read more on this. MasterCard Incorporated (MA) , valued at $107.47B, began trading this morning at $95.38. Looking at today’s market, MA one day range is $94.41 to $95.83 and has traded between $74.61 and $101.76 over the past 12 months. MA shares are currently priced at 28.30x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 24.19x forward p/e ratio. The company pays shareholders $0.76 per share annually in dividends, yielding 0.78%. In a review of the consensus earnings estimate this quarter, 35 sell-side analysts are looking at $0.72 per share, which would be $0.03 better than the year-ago quarter and a $0.05 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $3.35, which would be a $0.25 better when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.56 Billion. If realized, 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. When considering if the stock is under or overvalued, the average price target is $111.67, which is 17.08% above where the stock opened this morning. See more in (NYSE:MA) Similar Articles: Stock Update: MasterCard Inc (NYSE:MA) – Just in Time for the Holidays New Banks & Credit Unions Implement Samsung Pay for Mastercard Cardholders Market Update (NYSE:MA): Samsung Pay Debuts for MasterCard Cardholders Company Update: MasterCard Inc (NYSE:MA) – MasterCard Delivers Android Pay to Cardholders in the U.S.