MBIA Inc. found using ticker (MBI) now have 2 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 18 and 9 with the average target price sitting at 13.5. Now with the previous closing price of 15.22 this would imply there is a potential downside of -11.3%. There is a 50 day moving average of 13.85 and the 200 moving average now moves to 12.27. The market capitalisation for the company is $835m. Visit the company website at: https://www.mbia.com
The potential market cap would be $741m 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 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, 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 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.
