Mobility Global (NYSE:MBGL) Now Covered by Analysts at Morgan Stanley

Key Points

• Morgan Stanley initiated coverage of Mobility Global with an “equal weight” rating and a $19 price target, implying approximately 4.8% upside.
• Analyst sentiment is broadly cautious: the stock carries an overall “Hold” rating and an average price target of $22.20, with nine of 12 analysts rating it a Hold.
• Mobility Global reported quarterly EPS of $0.18 on revenue of $468 million. Separately, director Mark Peek purchased 15,000 shares, while several institutional investors established new positions.

Morgan Stanley assumed coverage on shares of Mobility Global (NYSE:MBGL - Get Free Report) in a research report issued on Friday, Marketbeat reports. The firm set an "equal weight" rating and a $19.00 price target on the stock. Morgan Stanley's price objective points to a potential upside of 4.82% from the company's current price.

Several other brokerages also recently weighed in on MBGL. Robert W. Baird decreased their target price on shares of Mobility Global from $23.00 to $22.00 and set a "neutral" rating for the company in a research note on Monday, August 10th. Wells Fargo & Company dropped their price target on shares of Mobility Global from $25.00 to $23.00 and set an "overweight" rating on the stock in a research note on Monday, August 10th. UBS Group set a $23.00 price objective on shares of Mobility Global in a report on Thursday, July 2nd. Wolfe Research raised shares of Mobility Global to a "strong-buy" rating in a research report on Monday, July 20th. Finally, Royal Bank Of Canada started coverage on Mobility Global in a research note on Thursday, July 2nd. They set a "sector perform" rating and a $23.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $22.20.

Mobility Global Stock Performance

MBGL stock opened at $18.13 on Friday. The firm has a market capitalization of $5.37 billion and a price-to-earnings ratio of 100.71. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. Mobility Global has a 1 year low of $16.95 and a 1 year high of $26.00. The company has a 50-day moving average of $19.58.

Mobility Global (NYSE:MBGL - Get Free Report) last released its quarterly earnings results on Friday, August 7th. The company reported $0.18 EPS for the quarter. The company had revenue of $468.00 million for the quarter. On average, equities research analysts predict that Mobility Global will post 1.56 EPS for the current year.

Insider Activity

In related news, Director Mark Peek purchased 15,000 shares of the business's stock in a transaction that occurred on Thursday, August 13th. The shares were purchased at an average cost of $19.87 per share, with a total value of $298,050.00. Following the completion of the acquisition, the director directly owned 50,000 shares of the company's stock, valued at approximately $993,500. The trade was a 42.86% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have acquired a total of 50,000 shares of company stock valued at $980,550 in the last three months.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Wealth Enhancement Trust Services Inc. acquired a new stake in shares of Mobility Global in the 3rd quarter valued at about $25,000. CX Institutional acquired a new position in Mobility Global in the third quarter worth about $30,000. Advisors Preferred LLC bought a new stake in Mobility Global in the second quarter valued at about $36,000. Eastern Bank bought a new stake in Mobility Global in the third quarter valued at about $55,000. Finally, MassMutual Private Wealth & Trust FSB acquired a new stake in Mobility Global during the third quarter valued at approximately $99,000.

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.

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