Robert W. Baird Cuts Mobility Global (NYSE:MBGL) Price Target to $22.00

Mobility Global (NYSE:MBGL) had its price target decreased by Robert W. Baird from $23.00 to $22.00 in a report released on Monday,Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

MBGL has been the topic of a number of other reports. Zacks Research raised shares of Mobility Global to a “hold” rating in a research note on Thursday, July 30th. Royal Bank Of Canada began coverage on shares of Mobility Global in a research note on Thursday, July 2nd. They set a “sector perform” rating and a $23.00 target price for the company. Wolfe Research upgraded shares of Mobility Global to a “strong-buy” rating in a report on Monday, July 20th. Wells Fargo & Company cut their price target on shares of Mobility Global from $27.00 to $25.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 4th. Finally, Wall Street Zen upgraded Mobility Global to a “hold” rating in a report on Saturday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Mobility Global currently has a consensus rating of “Moderate Buy” and an average price target of $22.80.

Mobility Global Trading Up 1.3%

Mobility Global stock opened at $19.63 on Monday. Mobility Global has a one year low of $17.67 and a one year high of $26.00. The company has a market capitalization of $5.81 billion and a P/E ratio of 109.06.

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. Equities analysts predict that Mobility Global will post 1.45 earnings per share for the current fiscal year.

Mobility Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th will be paid a $0.06 dividend. The ex-dividend date is Thursday, August 27th. This represents a $0.24 annualized dividend and a dividend yield of 1.2%.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Mobility Global stock. Advisors Preferred LLC purchased a new position in Mobility Global, Inc. (NYSE:MBGL) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,800 shares of the company’s stock, valued at approximately $36,000.

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.