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

Mobility Global, Inc. (NYSE:MBGL) has earned a consensus rating of “Hold” from the twelve brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $22.20.

A number of research analysts recently issued reports on the stock. UBS Group set a $23.00 price target on shares of Mobility Global in a research note on Thursday, July 2nd. Morgan Stanley assumed coverage on shares of Mobility Global in a research report on Friday, October 9th. They issued an “equal weight” rating and a $19.00 price objective on the stock. JPMorgan Chase & Co. started coverage on shares of Mobility Global in a research report on Monday, September 28th. They issued a “neutral” rating and a $21.00 price objective on the stock. Weiss Ratings lowered shares of Mobility Global from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, October 6th. Finally, Wall Street Zen upgraded shares of Mobility Global to a “hold” rating in a report on Saturday, July 18th.

Mobility Global Stock Performance

Shares of Mobility Global stock opened at $17.82 on Thursday. Mobility Global has a one year low of $16.95 and a one year high of $26.00. The firm has a market capitalization of $5.27 billion and a P/E ratio of 99.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88. The stock’s 50-day moving average is $19.34.

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

Mobility Global Dividend Announcement

The company also recently announced 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 was Thursday, August 27th. This represents a $0.24 dividend on an annualized basis and a dividend 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 bought 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The shares were purchased at an average price of $19.50 per share, with a total value of $487,500.00. Following the completion of the acquisition, the director directly owned 35,000 shares of the company’s stock, valued at $682,500. This represents a 250.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired a total of 50,000 shares of company stock valued at $980,550 over the last 90 days.

Institutional Trading of Mobility Global

Institutional investors have recently bought and sold shares of the business. Fenimore Asset Management Inc acquired a new position in shares of Mobility Global during the 3rd quarter worth about $10,435,000. Tidal Investments LLC purchased a new position in shares of Mobility Global in the 2nd quarter valued at about $11,253,000. Douglas Lane & Associates LLC purchased a new position in shares of Mobility Global in the 3rd quarter valued at about $2,139,000. Applied Capital LLC FL acquired a new stake in shares of Mobility Global during the 3rd quarter worth about $1,009,000. Finally, YHB Investment Advisors Inc. acquired a new stake in shares of Mobility Global during the 3rd quarter worth about $343,000.

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.