Stock Update: MasterCard Inc (NYSE:MA) – MasterCard, Western Union Join bKash to Make Cross-Border Money Transfers into Mobile Phones a Reality for 22 Million Bangladeshis

[Business Wire] – DHAKA, Bangladesh–(BUSINESSWIRE)– Today, MasterCard, Western Union, bKash, one of the world’s leading mobile financial service (MFS) providers and BRAC Bank launched a new, international remittance receiving service in Bangladesh. The new service enables bKash’s registered customers to use their mobile phones to receive remittances from abroad directly into their bKash accounts. Bangladesh is the eighth1 largest receiver of international remittances in the world, and therefore the new service stands to improve the ease and convenience with which millions of people are able to receive money from their loved ones abroad – a vital lifeline for many families. Read more on this. MasterCard Incorporated (MA) , currently valued at $108.13B, began trading this morning at $96.64. Looking at today’s market, MA one day range is $96.60 to $97.79 with a one year range of $74.61 to $101.76. MA shares are currently priced at 27.39x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.68x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $0.76 per share annually in dividends, yielding 0.79%. Consensus earnings for the current quarter by the 32 sell-side analysts covering the stock is an estimate of $0.85 per share, which would be $0.04 worse than the year-ago quarter and a $0.08 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $3.53 is a $0.10 better when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $2.38 Billion. If reported, that would be a 6.73% increase over the year-ago quarter. Recently, Compass Point Initiated MA at Neutral (Apr 15, 2016). Previously, BofA/Merrill downgraded MA from Buy to Neutral. With the above information in mind, readers should note that the average price target is $105.13, which is 8.79% above where the stock opened this morning. See more in (NYSE:MA) Similar Articles: Stock Update: MasterCard Inc (NYSE:MA) – Virtual Reality and Payment Wearables Tee Off at the Arnold Palmer Invitational Presented by MasterCard Stock Update: MasterCard Inc (NYSE:MA) – MasterCard profit rises 11.1 pct as purchase volumes jump Stock Update: MasterCard Inc (NYSE:MA) – Walmart Adds MasterPass™ by MasterCard to Online and Mobile Checkout