Mobility Global, Inc. (NYSE:MBGL) Receives Consensus Rating of “Hold” from Brokerages

Mobility Global, Inc. (NYSE:MBGL) has been assigned an average recommendation of “Hold” from the nine analysts that are covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $22.75.

A number of research firms have recently weighed in on MBGL. Citigroup initiated coverage on Mobility Global in a research note on Tuesday, August 11th. They set a “neutral” rating and a $23.00 price target for the company. Barclays began coverage on Mobility Global in a report on Tuesday, September 1st. They set an “equal weight” rating and a $23.00 price target for the company. Wolfe Research raised Mobility Global to a “strong-buy” rating in a research report on Monday, July 20th. Evercore assumed coverage on shares of Mobility Global in a research note on Wednesday, September 9th. They issued an “in-line” rating and a $22.00 price objective on the stock. Finally, Zacks Research raised shares of Mobility Global to a “hold” rating in a research report on Thursday, July 30th.

Insider Activity

In related news, Director Mark Peek acquired 25,000 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were bought at an average price of $19.50 per share, for a total transaction of $487,500.00. Following the acquisition, the director owned 35,000 shares in the company, valued at $682,500. This trade represents a 250.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have bought 50,000 shares of company stock worth $980,550.

Institutional Investors Weigh In On Mobility Global

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

Mobility Global Price Performance

NYSE MBGL opened at $19.50 on Friday. 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 capitalization of $5.77 billion and a price-to-earnings ratio of 108.34. The stock has a 50 day moving average of $20.30. Mobility Global has a 52-week low of $17.67 and a 52-week high of $26.00.

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

Mobility Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.2%. The ex-dividend date was Thursday, August 27th. Mobility Global’s dividend payout ratio (DPR) is currently 133.33%.

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.