Mobileye NV (MBLY) Downgraded by Barclays PLC
Barclays PLC cut shares of Mobileye NV (NYSE:MBLY) from an overweight rating to an equal weight rating in a report issued on Wednesday morning. Barclays PLC currently has $63.00 price objective on the stock, up from their previous price objective of $60.00.
Several other brokerages have also issued reports on MBLY. Goldman Sachs Group Inc lowered Mobileye NV from a buy rating to a neutral rating and lifted their price target for the company from $52.00 to $56.00 in a report on Tuesday, March 14th. Royal Bank of Canada reiterated a sector perform rating and set a $63.54 price target (up from $57.00) on shares of Mobileye NV in a report on Monday, March 13th. Evercore ISI reiterated a hold rating on shares of Mobileye NV in a report on Tuesday, March 14th. Jefferies Group LLC lowered Mobileye NV from a buy rating to a hold rating and set a $64.00 price target for the company. in a report on Tuesday, March 14th. Finally, Wells Fargo & Co lowered Mobileye NV from an outperform rating to a market perform rating in a report on Tuesday, March 14th. Two investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $56.09.
Shares of Mobileye NV (NYSE:MBLY) opened at 60.57 on Wednesday. Mobileye NV has a 52-week low of $33.69 and a 52-week high of $61.51. The firm has a market cap of $13.43 billion, a P/E ratio of 131.67 and a beta of 0.97. The stock’s 50 day moving average is $47.34 and its 200-day moving average is $41.86.
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Mobileye NV (NYSE:MBLY) last released its earnings results on Wednesday, February 22nd. The company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.02. Mobileye NV had a return on equity of 16.36% and a net margin of 29.07%. The company had revenue of $104.60 million for the quarter, compared to analysts’ expectations of $96.40 million. During the same quarter in the previous year, the business posted $0.15 EPS. The business’s revenue for the quarter was up 45.7% on a year-over-year basis. Equities analysts anticipate that Mobileye NV will post $1.02 earnings per share for the current fiscal year.
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Several hedge funds have recently added to or reduced their stakes in the stock. Ancora Advisors LLC bought a new stake in shares of Mobileye NV during the fourth quarter worth $109,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Mobileye NV by 13.2% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,586 shares of the company’s stock worth $178,000 after buying an additional 535 shares during the period. HighPoint Advisor Group LLC bought a new stake in shares of Mobileye NV during the third quarter worth $200,000. Brown Advisory Inc. bought a new stake in shares of Mobileye NV during the fourth quarter worth $206,000. Finally, Capital International Inc. CA bought a new stake in shares of Mobileye NV during the fourth quarter worth $221,000. Institutional investors and hedge funds own 72.23% of the company’s stock.
Mobileye NV Company Profile
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).
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