Mobility Global, Inc. (NYSE:MBGL) Receives Average Recommendation of “Hold” from Analysts

Mobility Global, Inc. (NYSE:MBGL) has been given a consensus recommendation of “Hold” by the seven research firms that are currently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $22.8333.

A number of equities research analysts recently commented on MBGL shares. Wall Street Zen upgraded shares of Mobility Global to a “hold” rating in a report on Saturday, July 18th. 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 target price for the company. Robert W. Baird lowered their target price on Mobility Global from $23.00 to $22.00 and set a “neutral” rating for the company in a report on Monday, August 10th. Bank of America began coverage on Mobility Global in a research note on Friday, August 21st. They issued a “neutral” rating and a $23.00 price target on the stock. Finally, Wells Fargo & Company cut their price target on Mobility Global from $25.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, August 10th.

Mobility Global Trading Up 3.2%

Shares of Mobility Global stock opened at $20.32 on Wednesday. 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 firm has a market cap of $6.02 billion and a price-to-earnings ratio of 112.89. Mobility Global has a 52 week low of $17.67 and a 52 week high of $26.00.

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

Mobility Global Dividend Announcement

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

Insider Activity

In related news, Director Mark S. Peek bought 15,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were acquired at an average price of $19.87 per share, with a total value of $298,050.00. Following the completion of the transaction, the director owned 50,000 shares in the company, valued at $993,500. The trade was a 42.86% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders bought a total of 50,000 shares of company stock valued at $980,550 over the last 90 days.

Institutional Trading of Mobility Global

A hedge fund recently bought a new stake 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 its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 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.