MBIA Inc. with ticker code (MBI) now have 2 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 18 and 13 with the average target price sitting at 15.5. Now with the previous closing price of 12.09 this would indicate that there is a potential upside of 28.2%. The 50 day moving average now sits at 12.95 and the 200 moving average now moves to 13.61. The market cap for the company is $654m. Company Website: https://www.mbia.com
The potential market cap would be $838m based on the market concensus.
MBIA Inc. provides financial guarantee 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.
