Mobileye NV (MBLY) Releases Quarterly Earnings, Hits Estimates
Mobileye NV (NASDAQ:MBLY) posted its quarterly earnings results on Thursday. The company reported $0.05 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.05, Stock Ratings News reports.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Mobileye NV in a research note on Wednesday. They now have a $100.00 price target on the stock. On a related note, analysts at Citigroup Inc. initiated coverage on shares of Mobileye NV in a research note on Tuesday, August 26th. They set a “buy” rating and a $48.00 price target on the stock. Finally, analysts at Raymond James initiated coverage on shares of Mobileye NV in a research note on Tuesday, August 26th. They set an “outperform” rating and a $46.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $51.44.
Mobileye NV (NASDAQ:MBLY) opened at 46.97 on Thursday. Mobileye NV has a 52 week low of $31.11 and a 52 week high of $49.44. The stock has a 50-day moving average of $37.53 and a 200-day moving average of $37.53. The company’s market cap is $1.506 billion.
Mobileye NV designs and develops software and related technologies for camera-based advanced driver assistance systems (NASDAQ:MBLY).
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