Northland Securities analyst Michael Grondahl maintained a Buy rating on Medallion Financial (MFIN) today and set a price target of $12. The company’s shares opened today at $4.80.
According to TipRanks.com, Grondahl is a 5-star analyst with an average return of 15.2% and a 57.3% success rate. Grondahl covers the Financial sector, focusing on stocks such as Front Yard Residential Corporation, Altisource Portfolio Solutions SA, and Health Insurance Innovations.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Medallion Financial with a $11 average price target, representing a 129.2% upside. 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 181.9K.
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.
