Mobileye NV (MBLY) Lowered to “Buy” at Vetr Inc.
Vetr cut shares of Mobileye NV (NYSE:MBLY) from a strong-buy rating to a buy rating in a research report sent to investors on Thursday. They currently have $46.15 price target on the stock.
Several other research analysts have also weighed in on MBLY. SunTrust Banks Inc. began coverage on shares of Mobileye NV in a report on Tuesday, September 20th. They set a buy rating and a $63.00 price objective on the stock. Piper Jaffray Cos. raised their price target on shares of Mobileye NV from $50.00 to $60.00 and gave the company an overweight rating in a report on Monday, July 18th. Dougherty & Co upgraded shares of Mobileye NV from a neutral rating to a buy rating in a report on Wednesday, July 27th. Berenberg Bank assumed coverage on shares of Mobileye NV in a report on Friday, June 17th. They issued a buy rating and a $24.00 price target on the stock. Finally, Goldman Sachs Group Inc. lowered shares of Mobileye NV from a buy rating to a neutral rating and cut their price target for the company from $45.00 to $40.00 in a report on Tuesday, June 28th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $51.17.
Shares of Mobileye NV (NYSE:MBLY) traded up 1.286% during trading on Thursday, reaching $42.206. 435,716 shares of the company’s stock were exchanged. The stock has a 50 day moving average price of $45.74 and a 200-day moving average price of $41.64. The stock has a market capitalization of $9.26 billion, a price-to-earnings ratio of 108.221 and a beta of 0.83. Mobileye NV has a 52 week low of $23.57 and a 52 week high of $52.00.
Several large investors have recently modified their holdings of MBLY. Wellington Management Group LLP boosted its stake in shares of Mobileye NV by 186.1% in the first quarter. Wellington Management Group LLP now owns 9,040,446 shares of the company’s stock worth $337,119,000 after buying an additional 5,880,674 shares in the last quarter. BlueMountain Capital Management LLC bought a new stake in shares of Mobileye NV during the first quarter worth $63,684,000. Canada Pension Plan Investment Board boosted its stake in shares of 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 worth $65,474,000 after buying an additional 473,300 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Mobileye NV during the first quarter worth $10,167,000. Finally, AXA boosted its stake in shares of 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. Institutional investors and hedge funds own 77.82% of the company’s stock.
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).
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