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.



Like this

Latest


10 November 2017
Traders Secrets on Pitney Bowes Inc. (PBI), United States Steel Corporation (X)
Finally, First Quadrant L P CA increased its holdings in shares of Pitney Bowes by 252.1% during the 2nd quarter. ILLEGAL ACTIVITY WARNING: This news story was reported by Week Herald and is the property of of Week Herald.

10 November 2017
Investors Buy Tesla Inc. (TSLA) on Weakness
It improved, as 83 investors sold TSLA shares while 159 reduced holdings. 111 funds opened positions while 197 raised stakes. Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands.

10 November 2017
Ellen Page joins Netflix series Umbrella Academy
Due to her lack of abilities, she's insecure about where she fits within the family and searches for her place in the world. Way's series was originally going to be a film at Universal, but the project never came to fruition.

10 November 2017
1 in 5 Americans uses tobacco products — CDC
It found that 20.1 percent of the United States population - some 49 million people - uses tobacco regularly. Researchers found biomarkers associated with Alzheimer's grew faster for elderly adults with sleep apnea.

10 November 2017
Basic Trading and Ownership Data for Hecla Mining Company (HL)
The original version of this piece can be accessed at gam-holding-ag-purchases-65000-shares-of-hecla-mining-co-hl/1222865/. Note, this compares with a consensus analyst forecast of 0.03 in earnings per share for its next fiscal quarterly report.

10 November 2017
Ed Westwick BBC Show Removed From Schedule
The BBC has been force to suspend its flagship Boxing Day Agatha Christie drama after one of its main stars was accused of rape. Westwick has denied the unsubstantiated allegations on his Instagram and Twitter accounts claiming he does not know the actress.

10 November 2017
Technical Snapshots for Investors: International Business Machines Corporation (IBM)
Vanguard Group Inc. increased its holdings in International Business Machines Corporation by 3.7% during the second quarter. Regent Invest Management Limited Liability Corp invested 0.09% of its portfolio in International Business Machines Corp.

10 November 2017
Enterprise Products Partners LP (EPD) Receives Consensus Rating of "Buy" from Brokerages
It fall, as 54 investors sold EPD shares while 250 reduced holdings. 58 funds opened positions while 244 raised stakes. The stock of Enterprise Products Partners L.P. (NYSE: EPD ) earned "Buy" rating by Jefferies on Friday, September 1.

10 November 2017
Passenger vehicles down marginally in Oct: SIAM
Country's largest two wheeler maker Hero MotoCorp registered a decline of nearly four per cent to 0.54 million units. Within the passenger vehicles, the biggest contributor, cars, clocked a decline of 5.32 per cent to 184,666 units.

10 November 2017
India's rape survivors degraded by 'finger test' despite reforms, report says
This would include protection for victims and their families, should they face any trouble for reporting such incidents. With these findings, the organisation has called for the Indian government to take on their recommendations.



Recommended