Royal Bank of Canada Reaffirms “Hold” Rating for Mobileye NV (MBLY)
Mobileye NV (NYSE:MBLY)‘s stock had its “hold” rating restated by analysts at Royal Bank of Canada in a research report issued to clients and investors on Friday. They currently have a $63.54 price target on the software maker’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 2.95% from the company’s previous close.
Several other analysts have also recently commented on the stock. Vetr cut shares of Mobileye NV from a “buy” rating to a “hold” rating and set a $49.15 target price for the company. in a research report on Monday, March 13th. Robert W. Baird lowered shares of Mobileye NV from an “outperform” rating to a “neutral” rating and set a $64.00 price target for the company. in a report on Thursday, April 20th. Evercore ISI reissued a “buy” rating and issued a $60.00 price target on shares of Mobileye NV in a report on Tuesday, February 21st. Barclays PLC lowered shares of Mobileye NV from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $60.00 to $63.00 in a report on Wednesday, March 15th. Finally, Morgan Stanley lowered shares of Mobileye NV from an “overweight” rating to an “equal weight” rating and set a $44.00 price target for the company. in a report on Wednesday, February 1st. One analyst has rated the stock with a sell rating, twenty-three have issued a hold rating and four have assigned a buy rating to the stock. Mobileye NV has an average rating of “Hold” and an average price target of $56.55.
Mobileye NV (NYSE:MBLY) traded up 0.13% during mid-day trading on Friday, reaching $61.80. The company had a trading volume of 2,113,182 shares. Mobileye NV has a 52-week low of $33.69 and a 52-week high of $61.95. The company’s 50 day moving average is $61.72 and its 200 day moving average is $47.93. The stock has a market capitalization of $13.70 billion, a price-to-earnings ratio of 134.35 and a beta of 0.97.
Mobileye NV (NYSE:MBLY) last issued its earnings results on Wednesday, February 22nd. The software maker reported $0.22 EPS for the quarter, beating the consensus estimate of $0.20 by $0.02. The company had revenue of $104.60 million during the quarter, compared to analysts’ expectations of $96.40 million. Mobileye NV had a net margin of 29.07% and a return on equity of 16.36%. The business’s revenue for the quarter was up 45.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS. Equities analysts predict that Mobileye NV will post $1.04 earnings per share for the current year.
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Several institutional investors have recently bought and sold shares of MBLY. Raymond James Financial Services Advisors Inc. increased its position in Mobileye NV by 3.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 64,440 shares of the software maker’s stock worth $2,456,000 after buying an additional 2,404 shares in the last quarter. State Street Corp boosted its stake in shares of Mobileye NV by 23.6% in the fourth quarter. State Street Corp now owns 3,201,780 shares of the software maker’s stock worth $122,048,000 after buying an additional 611,941 shares during the last quarter. Brown Capital Management LLC purchased a new stake in shares of Mobileye NV during the fourth quarter worth about $438,000. Comerica Bank boosted its stake in shares of Mobileye NV by 4.9% in the fourth quarter. Comerica Bank now owns 18,363 shares of the software maker’s stock worth $775,000 after buying an additional 862 shares during the last quarter. Finally, Comgest Global Investors S.A.S. purchased a new stake in shares of Mobileye NV during the fourth quarter worth about $1,559,000. Institutional investors 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-based sensing, mapping and driving policy technology for advanced driver assistance systems and autonomous driving technologies. The Company operates through two segments: Original Equipment Manufacturing, which supplies the software algorithms and EyeQ chip, and After Market, which sells a complete system, which includes its software algorithms and EyeQ chip, as well as the camera and other necessary components.
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