NEW YORK (
) hit a new 52-week high Wednesday as it is currently trading at $373.62, above its previous 52-week high of $373.55 with 768,830 shares traded as of 3:20 p.m. ET. Average volume has been 1.4 million shares over the past 30 days.
MasterCard has a market cap of $42.69 billion and is part of the
industry. Shares are up 59.6% year to date as of the close of trading on Tuesday.
MasterCard Incorporated, together with its subsidiaries, provides transaction processing and related services to customers principally in support of their credit, deposit access, electronic cash and automated teller machine payment card programs, and travelers' cheque programs. The company has a P/E ratio of 20.2, above the average diversified services industry P/E ratio of 19.7 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates MasterCard as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full
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