Mobileye NV (MBLY) Rating Increased to Strong-Buy at Vetr Inc.
Mobileye NV (NYSE:MBLY) was upgraded by stock analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Monday. The brokerage currently has a $46.15 price target on the stock. Vetr‘s price target suggests a potential upside of 13.11% from the company’s previous close.
A number of other research firms have also recently commented on MBLY. JPMorgan Chase & Co. assumed coverage on shares of Mobileye NV in a research note on Tuesday, July 19th. They set a “neutral” rating and a $55.00 target price on the stock. Piper Jaffray Cos. raised their target price on shares of Mobileye NV from $50.00 to $60.00 and gave the stock an “overweight” rating in a research note on Monday, July 18th. Royal Bank Of Canada raised their target price on shares of Mobileye NV from $47.00 to $53.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 5th. Dougherty & Co upgraded shares of Mobileye NV from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 27th. Finally, SunTrust Banks Inc. assumed coverage on shares of Mobileye NV in a research note on Tuesday, September 20th. They set a “buy” rating and a $63.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $51.17.
Shares of Mobileye NV (NYSE:MBLY) opened at 40.80 on Monday. The company has a market capitalization of $8.95 billion, a price-to-earnings ratio of 104.62 and a beta of 0.86. Mobileye NV has a one year low of $23.57 and a one year high of $52.00. The stock has a 50 day moving average of $45.05 and a 200-day moving average of $41.90.
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A number of hedge funds and other institutional investors have recently bought and sold shares of MBLY. Wellington Management Group LLP raised its position in Mobileye NV by 186.1% in the first quarter. Wellington Management Group LLP now owns 9,040,446 shares of the company’s stock valued at $337,119,000 after buying an additional 5,880,674 shares during the last quarter. BlueMountain Capital Management LLC acquired a new stake in Mobileye NV during the first quarter valued at $63,684,000. Canada Pension Plan Investment Board increased its stake in Mobileye NV by 36.9% in the first quarter. Canada Pension Plan Investment Board now owns 1,755,800 shares of the company’s stock valued at $65,474,000 after buying an additional 473,300 shares during the period. AXA increased its stake in Mobileye NV by 148.0% in the first quarter. AXA now owns 238,623 shares of the company’s stock valued at $8,898,000 after buying an additional 142,398 shares during the period. Finally, Marsico Capital Management LLC increased its stake in Mobileye NV by 129.9% in the first quarter. Marsico Capital Management LLC now owns 126,519 shares of the company’s stock valued at $4,718,000 after buying an additional 71,497 shares during the period. 77.82% of the stock is owned by institutional investors.
About Mobileye NV
Mobileye N.V. is engaged in the development of computer vision and machine learning, data analysis, localization and mapping for advanced driver assistance systems (ADAS) and autonomous driving technologies. The Company operates through two segments: Original Equipment Manufacturing (OEM) and aftermarket (AM).
To view Vetr’s full report, visit Vetr’s official website.
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