Mobility Global, Inc. (NYSE:MBGL – Get Free Report) has been given a consensus recommendation of “Hold” by the twelve research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $22.20.
A number of equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of Mobility Global to a “hold” rating in a research report on Saturday, July 18th. Citigroup assumed coverage on shares of Mobility Global in a report on Tuesday, August 11th. They set a “neutral” rating and a $23.00 target price on the stock. Evercore began coverage on shares of Mobility Global in a report on Wednesday, September 9th. They set an “in-line” rating and a $22.00 target price on the stock. Robert W. Baird lowered their target price on shares of Mobility Global from $23.00 to $22.00 and set a “neutral” rating on the stock in a research note on Monday, August 10th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Mobility Global in a report on Monday, September 28th. They issued a “neutral” rating and a $21.00 price target for the company.
Get Our Latest Stock Analysis on MBGL
Insider Buying and Selling at Mobility Global
In other news, Director Mark Peek purchased 25,000 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were purchased at an average price of $19.50 per share, with a total value of $487,500.00. Following the completion of the acquisition, the director owned 35,000 shares in the company, valued at $682,500. This trade represents a 250.00% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have acquired a total of 50,000 shares of company stock valued at $980,550 over the last quarter.
Institutional Investors Weigh In On Mobility Global
Several large investors have recently added to or reduced their stakes in MBGL. Wealth Enhancement Trust Services Inc. purchased a new position in Mobility Global during the third quarter worth about $25,000. CX Institutional bought a new position in Mobility Global in the 3rd quarter worth about $30,000. Advisors Preferred LLC bought a new position in Mobility Global in the 2nd quarter worth about $36,000. Ashurst Perkins Coie Trust Co bought a new position in Mobility Global in the 3rd quarter worth about $38,000. Finally, Eastern Bank purchased a new stake in shares of Mobility Global in the 3rd quarter valued at about $55,000.
Mobility Global Stock Performance
Shares of NYSE MBGL opened at $18.54 on Thursday. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. Mobility Global has a 52 week low of $16.95 and a 52 week high of $26.00. The business has a 50-day moving average of $19.23.
Mobility Global (NYSE:MBGL – Get Free Report) last announced its quarterly earnings results on Friday, August 7th. The company reported $0.18 earnings per share for the quarter. The company had revenue of $468.00 million for the quarter. On average, equities research analysts expect that Mobility Global will post 1.52 EPS for the current fiscal year.
Mobility Global Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th were issued a $0.06 dividend. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $0.24 annualized dividend and a dividend yield of 1.3%. Mobility Global’s dividend payout ratio is presently 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.
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