Shares of MBIA Inc. (NYSE:MBI) have been assigned a consensus broker rating score of 1.67 (Buy) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and two have issued a strong buy rating on the company.
Brokers have set a one year consensus target price of $10.25 for the company, according to Zacks. Zacks has also assigned MBIA an industry rank of 76 out of 265 based on the ratings given to its competitors.
Several equities analysts have recently weighed in on MBI shares. S&P Equity Research reiterated a “positive” rating on shares of MBIA in a research report on Wednesday, June 15th. MKM Partners reiterated a “buy” rating and issued a $12.00 price target on shares of MBIA in a research report on Thursday, June 16th. Finally, BTIG Research reiterated a “buy” rating and issued a $14.00 price target on shares of MBIA in a research report on Wednesday, June 22nd.
Institutional investors have recently bought and sold shares of the company. Rational Advisors LLC acquired a new position in MBIA during the second quarter valued at approximately $114,000. Invictus RG boosted its position in MBIA by 1,063.6% in the second quarter. Invictus RG now owns 16,639 shares of the company’s stock valued at $114,000 after buying an additional 15,209 shares during the last quarter. Capstone Investment Advisors LLC acquired a new position in MBIA during the second quarter valued at approximately $116,000. Teacher Retirement System of Texas boosted its position in MBIA by 14.7% in the second quarter. Teacher Retirement System of Texas now owns 18,267 shares of the company’s stock valued at $125,000 after buying an additional 2,342 shares during the last quarter. Finally, Virginia Retirement Systems ET AL acquired a new position in MBIA during the second quarter valued at approximately $126,000. Institutional investors and hedge funds own 90.82% of the company’s stock.
Shares of MBIA (NYSE:MBI) opened at 7.73 on Friday. The stock’s 50 day moving average price is $7.85 and its 200-day moving average price is $7.69. MBIA has a 52 week low of $5.26 and a 52 week high of $9.49. The company’s market cap is $1.05 billion.
MBIA (NYSE:MBI) last issued its earnings results on Monday, August 8th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The firm had revenue of $118 million for the quarter, compared to analyst estimates of $75.25 million. MBIA had a positive return on equity of 1.77% and a negative net margin of 10.76%. The business’s revenue was down 51.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 earnings per share. Analysts expect that MBIA will post $0.47 EPS for the current year.
MBIA Inc (MBIA) is a holding company. The Company, through its subsidiary, National Public Finance Guarantee Corporation (National), is engaged in providing financial guarantee insurance to the United States public finance markets. MBIA’s segments include United States (U.S.) public finance insurance, international and structured finance insurance, and corporate.
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