Maiden Holdings Upgraded to “Outperform” by Zacks (MHLD)
Maiden Holdings (NASDAQ:MHLD) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Tuesday, Analyst Ratings Net reports. The firm currently has a $13.80 price objective on the stock. Zacks‘ target price points to a potential upside of 25.57% from the company’s current price.
Separately, analysts at Guggenheim upgraded shares of Maiden Holdings from a “neutral” rating to a “buy” rating in a research note to investors on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $13.80.
Maiden Holdings (NASDAQ:MHLD) traded up 5.19% during mid-day trading on Tuesday, hitting $11.56. The stock had a trading volume of 355,557 shares. Maiden Holdings has a one year low of $9.55 and a one year high of $13.46. The stock has a 50-day moving average of $11.69 and a 200-day moving average of $11.99. The company has a market cap of $839.4 million and a price-to-earnings ratio of 14.22.
Maiden Holdings (NASDAQ:MHLD) last released its earnings data on Wednesday, November 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.01. The company had revenue of $535.10 million for the quarter, compared to the consensus estimate of $536.11 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, analysts predict that Maiden Holdings will post $1.16 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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