Mobility Global, Inc. (NYSE:MBGL) Stock Has Average Target Price of $22.75

Shares of Mobility Global, Inc. (NYSE:MBGL) have been given an average rating of “Hold” by the ten ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $22.75.

Several research analysts have recently issued reports on the stock. Robert W. Baird lowered their price target on shares of Mobility Global from $23.00 to $22.00 and set a “neutral” rating for the company in a report on Monday, August 10th. Evercore assumed coverage on Mobility Global in a report on Wednesday, September 9th. They set an “in-line” rating and a $22.00 price objective on the stock. Bank of America began coverage on Mobility Global in a research report on Friday, August 21st. They set a “neutral” rating and a $23.00 price objective on the stock. Wells Fargo & Company lowered their target price on Mobility Global from $25.00 to $23.00 and set an “overweight” rating for the company in a report on Monday, August 10th. Finally, Weiss Ratings initiated coverage on Mobility Global in a research report on Tuesday. They issued a “sell (d+)” rating for the company.

Mobility Global Price Performance

MBGL stock opened at $18.34 on Friday. The stock’s 50 day moving average is $20.17. The firm has a market cap of $5.43 billion and a PE ratio of 101.87. Mobility Global has a 1 year low of $17.67 and a 1 year high of $26.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88.

Mobility Global (NYSE:MBGL) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.18 EPS for the quarter. The company had revenue of $468.00 million during the quarter. On average, equities research analysts anticipate that Mobility Global will post 1.52 EPS for the current fiscal year.

Mobility Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th were paid a $0.06 dividend. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $0.24 annualized dividend and a dividend yield of 1.3%. Mobility Global’s dividend payout ratio is currently 133.33%.

Insider Transactions at Mobility Global

In other Mobility Global news, Director Mark Peek acquired 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was acquired at an average price of $19.50 per share, for a total transaction of $487,500.00. Following the acquisition, the director directly owned 35,000 shares in the company, valued at $682,500. This represents a 250.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last three months, insiders have purchased 50,000 shares of company stock valued at $980,550.

Institutional Investors Weigh In On Mobility Global

A number of institutional investors have recently added to or reduced their stakes in MBGL. Advisors Preferred LLC bought a new stake in shares of Mobility Global in the second quarter worth $36,000. Citadel Advisors LLC acquired a new stake in Mobility Global in the second quarter valued at $279,000. Finally, Tidal Investments LLC bought a new position in Mobility Global during the 2nd quarter worth $11,253,000.

Mobility Global Company Profile

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.