Mastercard is putting on a masterful show for investors and reached another all-time high on Thursday. Additionally, the Relative Strength (RS) Rating for Mastercard stock climbed from 78 to 84 Thursday, passing a key milestone along the way.
Mastercard Stock Ratings Shine
Although the rating upgrade is significant it just puts the RS Rating on par with the credit card company's other, already outstanding, ratings. It has a 91 Composite Rating, putting it in the top 9% of all companies for a group of fundamental and technical metrics. Its 94 Earnings Per Share Rating out of 99 reflects strong profit growth.
The upgraded Relative Strength Rating for Mastercard stock shows that it's bested 84% of all stocks for price performance over the past 52 weeks. Market research shows that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves. Additionally, it has a best-possible A SMR Rating (sales + profit margins + return on equity) on an A-to-E scale, due to its strong fundamentals.
And last but certainly not least it boasts a B Accumulation/Distribution Rating, showing that institutional investors like insurance funds and mutual funds are fairly avid buyers of its stock.
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Mastercard stock closed at 46o.92 Thursday, its highest close ever, up 2.60% for the day. It has moved more than 5% past a 418.60 entry in a first-stage flat base, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
Profit Growth Rises, Sales Growth Steady
The New York-based company posted 20% earnings growth last quarter to $3.18 per share. The prior three stanzas its EPS rose 1%, 13% and 26%. Its revenue rose 13% in the latest quarter to $6.55 billion. That followed gains of 11%, 14% and 13%.
Mastercard stock holds the No. 4 rank among its peers in the 38-stock Finance-Card/Payment Processing industry group. American Express and Brazilian fintech StoneCo are also among the group's highest-rated stocks.
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