Mobility Global (NYSE:MBGL) Research Coverage Started at Bank of America

Bank of America started coverage on shares of Mobility Global (NYSE:MBGL) in a research note released on Friday, MarketBeat reports. The brokerage issued a neutral rating and a $23.00 target price on the stock.

Other equities 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. Citigroup began coverage on shares of Mobility Global in a research note on Tuesday, August 11th. They set a “neutral” rating and a $23.00 price objective on the stock. Zacks Research raised shares of Mobility Global to a “hold” rating in a research report on Thursday, July 30th. UBS Group set a $23.00 target price on shares of Mobility Global in a research note on Thursday, July 2nd. Finally, Wells Fargo & Company lowered their price target on shares of Mobility Global from $25.00 to $23.00 and set an “overweight” rating for the company in a report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $22.83.

Mobility Global Price Performance

NYSE:MBGL opened at $19.84 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88. Mobility Global has a 12 month low of $17.67 and a 12 month high of $26.00. The stock has a market capitalization of $5.87 billion and a price-to-earnings ratio of 110.22.

Mobility Global (NYSE:MBGL) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.18 EPS for the quarter. The company had revenue of $468.00 million for the quarter. As a group, equities research analysts predict that Mobility Global will post 1.45 EPS for the current year.

Mobility Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors 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%.

Insider Buying and Selling

In other Mobility Global news, Director Mark S. Peek acquired 25,000 shares of the stock in a transaction on Wednesday, August 12th. The stock was purchased at an average price of $19.50 per share, for a total transaction of $487,500.00. Following the purchase, the director directly owned 35,000 shares in the company, valued at $682,500. This trade represents a 250.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders bought a total of 50,000 shares of company stock valued at $980,550 over the last ninety days.

Hedge Funds Weigh In On Mobility Global

An institutional investor recently bought a new position in Mobility Global stock. Advisors Preferred LLC purchased a new position in shares of Mobility Global, Inc. (NYSE:MBGL) in the second quarter, according to the company in its most recent Form 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.