Mobility Global (NYSE:MBGL) Upgraded to "Hold" at Barclays

Key Points

• Barclays upgraded Mobility Global to “Hold”, while the broader analyst consensus remains “Hold” with an average price target of $22.86.
• Mobility Global shares opened at $19.83, below the $20.40 50-day moving average, with a market capitalization of $5.87 billion and a notably high price-to-earnings ratio of 110.17.
• The company reported quarterly EPS of $0.18 on revenue of $468 million. Director Mark S. Peek bought 15,000 shares worth approximately $298,050, contributing to $980,550 in insider purchases over the past 90 days.

Mobility Global (NYSE:MBGL - Get Free Report) was upgraded by research analysts at Barclays to a "hold" rating in a research report issued to clients and investors on Tuesday, Zacks reports.

MBGL has been the topic of a number of other research reports. Robert W. Baird decreased their price target on shares of Mobility Global from $23.00 to $22.00 and set a "neutral" rating on the stock in a report on Monday, August 10th. Royal Bank Of Canada initiated coverage on Mobility Global in a report on Thursday, July 2nd. They set a "sector perform" rating and a $23.00 price objective for the company. Wells Fargo & Company lowered their target price on Mobility Global from $25.00 to $23.00 and set an "overweight" rating for the company in a research note on Monday, August 10th. Citigroup initiated coverage on shares of Mobility Global in a research note on Tuesday, August 11th. They issued a "neutral" rating and a $23.00 price target for the company. Finally, Bank of America assumed coverage on Mobility Global in a research note on Friday, August 21st. They set a "neutral" rating and a $23.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Mobility Global has a consensus rating of "Hold" and an average price target of $22.86.

Mobility Global Price Performance

Shares of MBGL stock opened at $19.83 on Tuesday. The business's 50-day moving average is $20.40. 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 1-year low of $17.67 and a 1-year high of $26.00. The stock has a market cap of $5.87 billion and a price-to-earnings ratio of 110.17.

Mobility Global (NYSE:MBGL - Get Free Report) last released 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 during the quarter. Analysts expect that Mobility Global will post 1.52 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Mark S. Peek purchased 15,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average price of $19.87 per share, with a total value of $298,050.00. Following the purchase, the director owned 50,000 shares in the company, valued at $993,500. This represents a 42.86% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders acquired 50,000 shares of company stock worth $980,550 in the last ninety days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Mobility Global stock. Advisors Preferred LLC purchased a new stake in shares of Mobility Global, Inc. (NYSE:MBGL - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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.

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