MBIA Inc. with ticker code (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 calculating the mean target price we have $14.67. Given that the stocks previous close was at $9.38 and the analysts are correct then there would likely be a percentage uptick in value of 56.4%. The day 50 moving average is $10.46 while the 200 day moving average is $11.54. The market cap for the company is $510m. You can visit the company’s website by visiting: https://www.mbia.com
The potential market cap would be $798m 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.
