MBIA Inc. which can be found using ticker (MBI) have now 3 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 18 and 12 with the average target price sitting at $14.67. Now with the previous closing price of $10.56 and the analysts are correct then we can expect a percentage increase in value of 38.9%. The day 50 moving average is $10.80 and the 200 moving average now moves to $11.59. The company has a market cap of $569m. Company Website: https://www.mbia.com
The potential market cap would be $791m based on the market consensus.
MBIA Inc. provides financial guarantee insurance services to public finance markets. It operates through United States (U.S.) Public Finance Insurance, Corporate, and International and Structured Finance Insurance segments. The company issues financial guarantees for municipal bonds, including tax-exempt and taxable indebtedness of the U.S. political subdivisions and territories, as well as utilities, airports, health care institutions, higher educational facilities, housing authorities, and other similar agencies and obligations issued by private entities. It also insures the non-U.S. public finance and global structured finance, including asset-backed obligations; and sovereign-related and sub-sovereign bonds, utilities, and privately issued bonds used for the financing of projects that include toll roads, bridges, airports, public transportation facilities, and other types of infrastructure projects, as well as offers third-party reinsurance services. MBIA Inc. was founded in 1973 and is headquartered in Purchase, New York.
The company is not paying dividends at this time.
