Mobility Global, Inc. (NYSE:MBGL) Stock Has Average Price Target of $22.20 According to Brokerages

Mobility Global, Inc. (NYSE:MBGL) has been given a consensus recommendation of “Hold” by the twelve brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $22.20.

Several equities analysts have commented on MBGL shares. Bank of America initiated coverage on Mobility Global in a research report on Friday, August 21st. They set a “neutral” rating and a $23.00 price objective for the company. Citigroup began coverage on shares of Mobility Global in a research report on Tuesday, August 11th. They issued a “neutral” rating and a $23.00 target price on the stock. Zacks Research raised shares of Mobility Global to a “hold” rating in a research report on Thursday, July 30th. Wolfe Research upgraded shares of Mobility Global to a “strong-buy” rating in a research note on Monday, July 20th. Finally, Morgan Stanley assumed coverage on shares of Mobility Global in a research note on Friday, October 9th. They issued an “equal weight” rating and a $19.00 price target for the company.

Mobility Global Trading Down 1.5%

MBGL stock opened at $18.41 on Thursday. Mobility Global has a fifty-two week low of $16.95 and a fifty-two week high of $26.00. The stock’s 50 day moving average price is $19.27. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20.

Mobility Global (NYSE:MBGL) last released its earnings results on Friday, August 7th. The company reported $0.18 EPS for the quarter. The firm had revenue of $468.00 million during the quarter. Equities research analysts anticipate that Mobility Global will post 1.52 earnings per share for the current fiscal year.

Mobility Global Dividend Announcement

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

Insider Buying and Selling

In other Mobility Global news, Director Mark Peek acquired 15,000 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were acquired at an average price of $19.87 per share, for a total transaction of $298,050.00. Following the completion of the acquisition, the director owned 50,000 shares in the company, valued at $993,500. This trade represents a 42.86% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have bought a total of 50,000 shares of company stock worth $980,550 over the last 90 days.

Hedge Funds Weigh In On Mobility Global

Institutional investors and hedge funds have recently made changes to their positions in the business. Ninety One UK Ltd purchased a new stake in shares of Mobility Global in the 3rd quarter worth approximately $15,245,000. Fenimore Asset Management Inc bought a new position in Mobility Global during the 3rd quarter valued at approximately $10,435,000. Tidal Investments LLC bought a new position in Mobility Global during the 2nd quarter valued at approximately $11,253,000. Douglas Lane & Associates LLC bought a new position in Mobility Global during the 3rd quarter valued at approximately $2,139,000. Finally, Ninety One North America Inc. bought a new position in Mobility Global during the 3rd quarter valued at approximately $1,117,000.

About Mobility Global

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.