Economy

What Do Analysts Say About MBIA Inc. (MBI)

MBIA Inc. (MBI) average trading volume of 7,049,680 during the past month is 190.68% above its average volume over the past year, indicating that investors have been more active than usual in the stock in recent times. Analysts expect the company to announce earnings of $0.10 per share for the quarter. It is now trading at $7.08 quite a bit lower than the 50 day moving average which is $8.31 and a great deal lower than the 200 day moving average of $8.99. (NYSE:MBI) stock. Many experts agree that the truth about a stock is best reflected in the way it moves on the chart.

MBIA Inc. (MBI) surprised the stock market in its last reported earnings when it earned -$1.11 a piece versus the consensus-estimated -$1.4. The latest exchange of 2.19 Million shares is above its average trading activity of 1.45 Million shares. ValuEngine cut MBIA from a "buy" rating to a "hold" rating in a research report on Friday, October 20th.

The Relative Volume of the company is 1.54 and Average Volume (3 months) is 3.47 million.

Among 4 analysts covering MBIA Inc (NYSE:MBI), 2 have Buy rating, 1 Sell and 1 Hold. During current year the company's forecasts over growth are -430.4% while for the next year analysts' growth estimation is 156.6%.

Separately, BTIG Research reiterated a "buy" rating and set a $14.00 price objective on shares of MBIA in a research report on Wednesday, September 7th. The most optimistic analyst sees the stock reaching $15 while the most conventional has $9.08 target price. The company's revenue for the quarter was down 39.0% on a year-over-year basis.

MBI is now undervalued by -44.21% relative to the average 1-year price target of $12.69 taken from a group of Wall Street Analysts. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company's stock. Its corporate segment is operated through MBIA Inc. and several of its subsidiaries, including its service company, MBIA Services Corporation (MBIA Services).

This stock (MBI) is ahead of its 52-week low with 17.22%. Aperio Group LLC lifted its position in shares of MBIA by 40.4% during the 3rd quarter. As of the end of the quarter First Trust Advisors Lp had sold 178,241 shares trimming its position 77.7%. The stock tapped a 52-week high of US$21.75 while the mean 12-month price target for the shares is US$19.7. Trellus Management Company LLC purchased a new position in shares of MBIA during the 3rd quarter valued at about $740,000. Kbc Grp Nv holds 0% of its portfolio in MBIA Inc. MBIA manages its business within three segments: United States (U.S.) public finance insurance; corporate, and global and structured finance insurance.

MBIA Inc is a holding company.

To view ValuEngine's full report, visit ValuEngine's official website.



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