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Stock analysts at BMO Capital Markets initiated coverage on shares of MicroFinancial (NYSE:MFI) in a report issued on Tuesday, AmericanBankingNews.com reports. The firm set a “market perform” rating and a $16.00 price target on the stock. BMO Capital Markets’ price objective suggests a potential upside of 96.56% from the company’s current price.

MicroFinancial (NYSE:MFI) opened at 8.15 on Tuesday. MicroFinancial has a 52-week low of $6.77 and a 52-week high of $9.30. The stock has a 50-day moving average of $8.10 and a 200-day moving average of $8.3. The company has a market cap of $117.5 million and a price-to-earnings ratio of 12.38.

MicroFinancial (NYSE:MFI) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.17 EPS for the quarter. Analysts expect that MicroFinancial will post $0.71 EPS for the current fiscal year.

MicroFinancial Incorporated (NYSE:MFI) operates primarily through its wholly owned subsidiaries, TimePayment Corp.

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