Mobility Global (NYSE:MBGL) Now Covered by Bank of America

Equities research analysts at Bank of America started coverage on shares of Mobility Global (NYSE:MBGL) in a note issued to investors on Friday. The firm set a “neutral” rating and a $23.00 price target on the stock. Bank of America‘s price objective suggests a potential upside of 14.09% from the company’s previous close.

MBGL has been the topic of a number of other reports. Robert W. Baird decreased their target price on Mobility Global from $23.00 to $22.00 and set a “neutral” rating on the stock in a research report on Monday, August 10th. Wells Fargo & Company decreased their price objective on shares of Mobility Global from $25.00 to $23.00 and set an “overweight” rating on the stock in a research report on Monday, August 10th. Citigroup began coverage on shares of Mobility Global in a research note on Tuesday, August 11th. They issued a “neutral” rating and a $23.00 price objective on the stock. Wolfe Research upgraded shares of Mobility Global to a “strong-buy” rating in a report on Monday, July 20th. Finally, Wall Street Zen raised shares of Mobility Global to a “hold” rating in a report on Saturday, July 18th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $22.83.

Mobility Global Trading Down 2.6%

MBGL stock opened at $20.16 on Friday. Mobility Global has a 12-month low of $17.67 and a 12-month high of $26.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. The company has a market cap of $5.97 billion and a PE ratio of 112.00.

Mobility Global (NYSE:MBGL) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.18 EPS for the quarter. The firm had revenue of $468.00 million for the quarter. Sell-side analysts forecast that Mobility Global will post 1.45 earnings per share for the current fiscal year.

Insider Buying and Selling at Mobility Global

In other news, Director Mark S. Peek acquired 25,000 shares of Mobility Global stock in a transaction that occurred on Wednesday, August 12th. The shares were acquired at an average price of $19.50 per share, with a total value of $487,500.00. Following the completion of the purchase, the director owned 35,000 shares of the company’s stock, valued at approximately $682,500. This represents a 250.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased a total of 50,000 shares of company stock valued at $980,550 over the last ninety days.

Institutional Inflows and Outflows

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

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.