Economy

MBIA (MBI) Board Declares Share Buyback Program

Taking a broader look brokerage firms' analysts on the street with an expectant view have MBIA Inc (NYSE:MBI) high price target of $15 and with a conservative view have low price target of $9.08. Using what are known as momentum indicators, we can use the stock's price momentum to get a sense of whether the stock is in the midst of, or nearing the end of, a current trend.

Shares of MBIA, Inc.

MBI has been the topic of several analyst reports. Fine Capital Partners L.P. boosted its position in shares of MBIA by 16.5% during the second quarter. Nordea Investment Management AB boosted its position in shares of MBIA by 14.4% during the second quarter.

MBIA Inc (NYSE:MBI)'s revenue estimates for the current quarter are $52.1 Million according to 1 number of analysts, for the current quarter the company has high revenue estimates of $52.1 Million in contradiction of low revenue estimates of $52.1 Million. Finally, ValuEngine upgraded shares of MBIA from a "hold" rating to a "buy" rating in a research note on Thursday. Vanguard Group Inc. now owns 10,442,849 shares of the insurance provider's stock worth $88,451,000 after purchasing an additional 511,194 shares during the last quarter. The company's revenue for the quarter was down 83.7% compared to the same quarter previous year.

MBIA (NYSE:MBI) last issued its quarterly earnings data on Tuesday, November 8th. Previously Zynga Inc Cl A Cmn (NASDAQ:ZNGA) reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02 by $0 with surprise factor of 0%.

With a total market value of $0, MBIA Inc has with a one year low of $7.14 and a one year high of $11.65.

The company's stock is now moving with a -ve distance from the 200 day SMA of approximately -2.69%, and has a solid year to date (YTD) performance of -17.38% which means that the stock is constantly adding to its value from the previous fiscal year end price. For the current year the company's revenue estimates are $196.2 Million compared to low analyst estimates of $196.2 Million and high estimates of $196.2 Million according to 1 number of analysts.

Separately, BTIG Research reissued a "buy" rating and issued a $14.00 target price on shares of MBIA in a research report on Wednesday, September 7th. The company now has a consensus rating of "Hold" and an average price target of $14.50. During the same period a year ago, the firm posted $0.23 earnings per share. The average investment recommendation on a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell) is 2.30, which implies that analysts are generally neutral in their outlook for MBI over the next year. "(MBI) Stock" was reported by American Banking News and is the sole property of of American Banking News. Institutional investors and hedge funds own 90.47% of the company's stock. If you are accessing this report on another site, it was copied illegally and reposted in violation of global trademark and copyright law. The 20-day Stochastic %k measure, which sits at 70.68%, tells a different story, and suggests that MBI now trades in overbought territory.



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