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

Equities research analysts at JPMorgan Chase & Co. began coverage on shares of Mobility Global (NYSE:MBGL) in a research report issued to clients and investors on Monday, MarketBeat Ratings reports. The firm set a “neutral” rating and a $21.00 price target on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 17.94% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Bank of America initiated coverage on Mobility Global in a research note on Friday, August 21st. They set a “neutral” rating and a $23.00 price objective on the stock. Barclays started coverage on Mobility Global in a research note on Tuesday, September 1st. They issued an “equal weight” rating and a $23.00 price objective for the company. Weiss Ratings assumed coverage on Mobility Global in a research report on Tuesday, September 22nd. They set a “sell (d+)” rating on the stock. Zacks Research upgraded Mobility Global to a “hold” rating in a report on Thursday, July 30th. Finally, Citigroup assumed coverage on Mobility Global in a research report on Tuesday, August 11th. They issued a “neutral” rating and a $23.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.56.

Mobility Global Stock Up 0.3%

Shares of NYSE:MBGL opened at $17.81 on Monday. The business has a fifty day simple moving average of $20.04. Mobility Global has a 52 week low of $17.36 and a 52 week high of $26.00. 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 $5.27 billion and a PE ratio of 98.92.

Mobility Global (NYSE:MBGL) last announced its earnings results on Friday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter. The business had revenue of $468.00 million for the quarter. On average, analysts expect that Mobility Global will post 1.52 earnings per share for the current year.

Insider Transactions at Mobility Global

In other news, Director Mark Peek acquired 15,000 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was acquired at an average price of $19.87 per share, with a total value of $298,050.00. Following the completion of the purchase, the director directly owned 50,000 shares in the company, valued at approximately $993,500. This trade represents a 42.86% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have bought a total of 50,000 shares of company stock valued at $980,550 over the last ninety days.

Institutional Investors Weigh In On Mobility Global

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

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.