MBIA Inc. with ticker code (MBI) have now 2 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 18 and 9 and has a mean target at 13.5. Given that the stocks previous close was at 13.28 this now indicates there is a potential upside of 1.7%. The 50 day MA is 14.55 while the 200 day moving average is 12.6. The market capitalisation for the company is $749m. Company Website: https://www.mbia.com
The potential market cap would be $762m based on the market concensus.
MBIA Inc. provides financial insurance services to public finance markets. It operates through United States (U.S.) Public Finance Insurance, and International and Structured Finance Insurance segments. The company issues financial guarantees for municipal bondsluding tax-exempt and taxable indebtedness of the U.S. political subdivisions and territories, as well as utilities, airports, health care institutions, higher educational facilities, student loan issuers, housing authorities, and other similar agencies and obligations issued by private entities. It also insures the non-U.S. public finance and global structured financeluding 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.
