FBR Capital Markets Initiates Coverage on Maiden Holdings (MHLD)
Equities research analysts at FBR Capital Markets initiated coverage on shares of Maiden Holdings (NASDAQ:MHLD) in a research note issued to investors on Thursday, Analyst Ratings Network reports. The firm set an “outperform” rating and a $14.00 price target on the stock. FBR Capital Markets’ price objective suggests a potential upside of 12.90% from the company’s current price.
MHLD has been the subject of a number of other recent research reports. Analysts at Guggenheim initiated coverage on shares of Maiden Holdings (NASDAQ:MHLD) in a research note to investors on Wednesday, September 18th. They set a “neutral” rating on the stock. Separately, analysts at Compass Point raised their price target on shares of Maiden Holdings (NASDAQ:MHLD) from $14.00 to $15.00 in a research note to investors on Tuesday, August 13th. They now have a “buy” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of Maiden Holdings (NASDAQ:MHLD) from $12.00 to $14.00 in a research note to investors on Friday, August 9th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $13.80.
Shares of Maiden Holdings (NASDAQ:MHLD) traded down 2.02% during mid-day trading on Thursday, hitting $12.15. 255,401 shares of the company’s stock traded hands. Maiden Holdings has a 52-week low of $8.10 and a 52-week high of $13.46. The stock’s 50-day moving average is $12.69 and its 200-day moving average is $11.3. The company has a market cap of $881.1 million and a price-to-earnings ratio of 16.06.
Maiden Holdings (NASDAQ:MHLD) last released its earnings data on Wednesday, August 7th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.02. The company had revenue of $536.70 million for the quarter, compared to the consensus estimate of $518.08 million. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, analysts predict that Maiden Holdings will post $1.17 earnings per share for the current fiscal year.
Maiden Holdings, Ltd. (NASDAQ:MHLD) is a Bermuda-based holding company, primarily focused on serving the needs of regional and specialty insurers in the United States and Europe by providing reinsurance solutions designed to support their capital needs.
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