JPMorgan Chase & Co. Begins Coverage on Mobility Global (NYSE:MBGL)

by · The Markets Daily

Analysts at JPMorgan Chase & Co. initiated coverage on shares of Mobility Global (NYSE:MBGL – Get Free Report) in a note issued to investors on Monday, Benzinga reports. The firm set a “neutral” rating and a $21.00 price target on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 18.55% from the stock’s current price.

A number of other brokerages also recently issued reports on MBGL. Evercore began coverage on Mobility Global in a research note on Wednesday, September 9th. They set an “in-line” rating and a $22.00 price objective for the company. Weiss Ratings assumed coverage on shares of Mobility Global in a report on Tuesday, September 22nd. They set a “sell (d+)” rating on the stock. Robert W. Baird dropped their price target on shares of Mobility Global from $23.00 to $22.00 and set a “neutral” rating for the company in a research report on Monday, August 10th. Wells Fargo & Company reduced their price objective on shares of Mobility Global from $25.00 to $23.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. Finally, Wall Street Zen upgraded shares of Mobility Global to a “hold” rating in a research report on Saturday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $22.56.

Read Our Latest Stock Report on MBGL

Mobility Global Stock Performance

Shares of MBGL stock traded down $0.16 during mid-day trading on Monday, reaching $17.71. 177,294 shares of the company’s stock traded hands, compared to its average volume of 6,979,224. Mobility Global has a 12 month low of $17.51 and a 12 month high of $26.00. The firm’s 50 day moving average price is $20.12. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. The stock has a market cap of $5.24 billion and a price-to-earnings ratio of 98.21.

Mobility Global (NYSE:MBGL – Get Free Report) last announced its earnings results on Friday, August 7th. The company reported $0.18 EPS for the quarter. The company had revenue of $468.00 million during the quarter. As a group, equities analysts expect that Mobility Global will post 1.52 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Mobility Global news, Director Mark Peek purchased 25,000 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was acquired at an average cost of $19.50 per share, for a total transaction of $487,500.00. Following the purchase, the director directly owned 35,000 shares of the company’s stock, valued at $682,500. This trade represents a 250.00% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders purchased 50,000 shares of company stock valued at $980,550.

Institutional Investors Weigh In On Mobility Global

Several institutional investors and hedge funds have recently modified their holdings of the stock. Advisors Preferred LLC purchased a new position in Mobility Global during the second quarter valued at $36,000. Citadel Advisors LLC purchased a new stake in Mobility Global in the 2nd quarter worth $279,000. Finally, Tidal Investments LLC purchased a new stake in Mobility Global in the 2nd quarter worth $11,253,000.

About Mobility Global

(Get Free Report)

Mobility Global Inc providing critical data and analytics across the full vehicle lifecycle. Its portfolio of trusted brands and products includes CARFAX, automotiveMastermind, Polk Automotive Solutions and Market Scan, supporting automotive manufacturers, suppliers, dealer groups, media, financial institutions and consumers. Mobility Global Inc is based in NEW YORK.

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