BTIG analyst Giuliano Bologna reiterated a Buy rating on Medallion Financial (MFIN) on August 6 and set a price target of $10. The company’s shares closed yesterday at $4.56, close to its 52-week low of $4.07.
According to TipRanks.com, Bologna is a 1-star analyst with an average return of -6.7% and a 42.3% success rate. Bologna covers the Financial sector, focusing on stocks such as Credit Acceptance Corp, Santander Consumer USA, and Assured Guaranty Ltd.
Medallion Financial has an analyst consensus of Strong Buy, with a price target consensus of $10.67, implying a 134.0% upside from current levels. In a report issued on August 2, B.Riley FBR also maintained a Buy rating on the stock with a $10 price target.
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The company has a one-year high of $7.80 and a one-year low of $4.07. Currently, Medallion Financial has an average volume of 183.7K.
Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is negative on the stock.
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Medallion Financial Corp. is a closed-end, non-diversified management company which engages in lending and investing operations. It focuses on consumer finance portfolio including medallion, secured commercial, and consumer loans, and invests in both marketable and nonmarketable securities.
