Analysts who follow Mackinac Financial Corporation (MFNC) on average expect it to increase 21.86% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy.
That average rating earns MFNC an Analyst Ranking of 79, which means it ranks higher than 79 of stocks, based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers.
InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.
What's Happening With Mackinac Financial Corporation Stock Today?
Mackinac Financial Corporation (MFNC) stock is up 0.31% while the S&P 500 has fallen -0.41% as of 1:42 PM on Monday, Jan 11. MFNC is higher by $0.04 from the previous closing price of $13.09 on volume of 145,079 shares. Over the past year the S&P 500 has gained 15.84% while MFNC has fallen -20.76%. MFNC earned $1.23 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 10.67.
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