MBIA Upgraded by BTIG Research to “Buy” (MBI)
MBIA (NYSE:MBI) was upgraded by stock analysts at BTIG Research from a “neutral” rating to a “buy” rating in a report issued on Friday, TheFlyOnTheWall.com reports. The firm currently has a $12.00 price objective on the stock. BTIG Research’s price target would suggest a potential upside of 21.46% from the company’s current price.
MBIA (NYSE:MBI) opened at 9.88 on Friday. MBIA has a 52 week low of $9.03 and a 52 week high of $15.26. The stock has a 50-day moving average of $9.8 and a 200-day moving average of $11.98. The company has a market cap of $1.909 billion and a P/E ratio of 2.99.
MBIA (NYSE:MBI) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.38. The company had revenue of $187.00 million for the quarter, compared to the consensus estimate of $94.20 million. During the same quarter in the previous year, the company posted ($0.92) earnings per share. On average, analysts predict that MBIA will post $1.32 earnings per share for the current fiscal year.
MBIA Inc (NYSE:MBI) together with its consolidated subsidiaries, operates the financial guarantee insurance businesses in the industry and is a provider of asset management advisory services.
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