Mobileye N.V. (MBLY) Given Average Recommendation of “Hold” by Brokerages
Mobileye N.V. (NYSE:MBLY) has been assigned an average recommendation of “Hold” from the twenty-nine ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, twenty-three have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $55.86.
A number of research firms have recently weighed in on MBLY. BidaskClub cut Mobileye N.V. from a “buy” rating to a “hold” rating in a report on Sunday, July 16th. Jefferies Group LLC reaffirmed a “hold” rating and set a $63.54 price target on shares of Mobileye N.V. in a report on Thursday, July 6th. Robert W. Baird cut Mobileye N.V. from an “outperform” rating to a “neutral” rating and set a $64.00 price target on the stock. in a report on Thursday, April 20th. Vetr raised Mobileye N.V. from a “sell” rating to a “hold” rating and set a $63.50 target price on the stock in a report on Wednesday, April 26th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $63.54 target price on shares of Mobileye N.V. in a report on Friday, May 19th.
Mobileye N.V. (NYSE MBLY) traded down 0.0946% during mid-day trading on Monday, reaching $63.2401. The company’s stock had a trading volume of 1,169,393 shares. The firm has a market capitalization of $14.03 billion, a PE ratio of 124.0002 and a beta of 0.91. Mobileye N.V. has a 12 month low of $33.69 and a 12 month high of $63.38. The stock’s 50-day moving average is $62.74 and its 200-day moving average is $55.87.
Mobileye N.V. (NYSE:MBLY) last released its quarterly earnings results on Thursday, June 1st. The software maker reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.07. The company had revenue of $124.70 million for the quarter, compared to analysts’ expectations of $118.52 million. Mobileye N.V. had a return on equity of 17.78% and a net margin of 29.43%. The business’s revenue for the quarter was up 65.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 earnings per share. On average, equities analysts anticipate that Mobileye N.V. will post $1.05 EPS for the current year.
Institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in Mobileye N.V. by 3,937.9% in the first quarter. BlackRock Inc. now owns 5,498,463 shares of the software maker’s stock valued at $337,606,000 after buying an additional 5,362,292 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in Mobileye N.V. by 86.2% in the first quarter. Canada Pension Plan Investment Board now owns 4,940,877 shares of the software maker’s stock valued at $303,370,000 after buying an additional 2,288,007 shares during the last quarter. Credit Suisse AG boosted its position in Mobileye N.V. by 421.7% in the first quarter. Credit Suisse AG now owns 1,906,615 shares of the software maker’s stock valued at $117,066,000 after buying an additional 1,541,147 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Mobileye N.V. by 6,426.5% in the first quarter. Nomura Asset Management Co. Ltd. now owns 1,233,500 shares of the software maker’s stock valued at $75,737,000 after buying an additional 1,214,600 shares during the last quarter. Finally, Tyrus Capital S.A.M. purchased a new position in Mobileye N.V. during the first quarter valued at $63,856,000. Hedge funds and other institutional investors own 62.31% of the company’s stock.
About Mobileye N.V.
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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