Mobility Global, Inc. (NYSE:MBGL) Receives $22.83 Consensus Target Price from Brokerages

Mobility Global, Inc. (NYSE:MBGL) has been assigned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $22.8571.

A number of equities analysts recently issued reports on MBGL shares. UBS Group set a $23.00 price objective on shares of Mobility Global in a report on Thursday, July 2nd. Royal Bank Of Canada began coverage on shares of Mobility Global in a report 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 research report on Monday, July 20th. Bank of America started coverage on shares of Mobility Global in a research note on Friday, August 21st. They set a “neutral” rating and a $23.00 price target on the stock. Finally, Wells Fargo & Company cut their price objective on shares of Mobility Global from $25.00 to $23.00 and set an “overweight” rating for the company in a research report on Monday, August 10th.

Insider Transactions at Mobility Global

In related news, Director Mark S. Peek purchased 15,000 shares of Mobility Global stock in a transaction on Thursday, August 13th. The stock was acquired at an average price of $19.87 per share, for a total transaction of $298,050.00. Following the completion of the transaction, the director directly owned 50,000 shares in the company, valued at $993,500. This represents a 42.86% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders bought a total of 50,000 shares of company stock worth $980,550 over the last three months.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Mobility Global stock. Advisors Preferred LLC bought a new position in Mobility Global, Inc. (NYSE:MBGL) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,800 shares of the company’s stock, valued at approximately $36,000.

Mobility Global Stock Performance

Mobility Global stock opened at $19.83 on Wednesday. Mobility Global has a one year low of $17.67 and a one year high of $26.00. The firm’s fifty day moving average price is $20.40. 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 has a market capitalization of $5.87 billion and a PE ratio of 110.17.

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 firm had revenue of $468.00 million during the quarter. As a group, sell-side analysts predict that Mobility Global will post 1.52 EPS for the current fiscal year.

Mobility Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 27th will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, August 27th. This represents a $0.24 annualized dividend and a yield of 1.2%. Mobility Global’s payout ratio is 133.33%.

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.