MBIA (NYSE: MBI) was upgraded by investment analysts at TheStreet from a “sell” rating to a “hold” rating in a note issued to investors on Friday.
The analysts wrote, “MBIA (MBI) has been upgraded by TheStreet Ratings from sell to hold. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and a generally disappointing performance in the stock itself.”
Shares of MBIA opened at 9.67 on Friday. MBIA has a 52 week low of $6.78 and a 52 week high of $12.00. The stock’s 50-day moving average is currently $9.29. The company’s market cap is $1.873 billion.
MBIA last posted its quarterly earnings results on Wednesday, February 27th. The company reported $3.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.16 by $3.10. During the same quarter in the prior year, the company posted ($3.23) earnings per share. On average, analysts predict that MBIA will post $0.35 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on MBI. Analysts at S&P Equity Research cut their price target on shares of MBIA from $11.00 to $9.00 in a research note to investors on Thursday. Finally, analysts at MKM Partners reiterated a “buy” rating on shares of MBIA in a research note to investors on Tuesday, January 15th. They now have a $18.00 price target on the stock.
One research analyst has rated the stock with a buy rating, and one has given a hold rating to the stock. The company currently has an average rating of “overweight” and a consensus target price of $18.00.
MBIA Inc. (MBIA) provides financial guarantee insurance, as well as related reinsurance, advisory and portfolio services for the public and structured finance markets, and investment management services, including advisory services, on a global basis.
To view TheStreet’s full report, visit www.thestreetratings.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.