Wells Fargo & Company Cuts Mobility Global (NYSE:MBGL) Price Target to $23.00

Mobility Global (NYSE:MBGL) had its price target reduced by Wells Fargo & Company from $25.00 to $23.00 in a report issued on Monday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

Other analysts have also recently issued research reports about the company. Wall Street Zen upgraded Mobility Global to a “hold” rating in a report on Saturday, July 18th. Royal Bank Of Canada assumed coverage on Mobility Global in a report on Thursday, July 2nd. They issued a “sector perform” rating and a $23.00 price target for the company. UBS Group set a $23.00 price target on shares of Mobility Global in a research report on Thursday, July 2nd. Zacks Research raised shares of Mobility Global to a “hold” rating in a report on Thursday, July 30th. Finally, Wolfe Research raised shares of Mobility Global to a “strong-buy” rating in a research note on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.80.

Mobility Global Price Performance

Mobility Global stock opened at $19.63 on Monday. Mobility Global has a fifty-two week low of $17.67 and a fifty-two week high of $26.00. The firm has a market cap of $5.81 billion and a price-to-earnings ratio of 109.06.

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

Mobility Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th will be issued 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%.

Institutional Investors Weigh In On Mobility Global

An institutional investor recently bought a new stake in Mobility Global stock. Advisors Preferred LLC acquired a new stake in shares of Mobility Global, Inc. (NYSE:MBGL) during the 2nd quarter, according to the company in its most recent 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.