Mobileye NV (MBLY) Given Average Rating of “Buy” by Analysts
Shares of Mobileye NV (NASDAQ:MBLY) have received a consensus rating of “Buy” from the twenty research firms that are covering the firm. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, fourteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $58.46.
MBLY has been the topic of a number of recent analyst reports. Evercore ISI set a $60.00 price target on Mobileye NV and gave the company a “buy” rating in a report on Friday, August 19th. Royal Bank Of Canada reissued an “outperform” rating and set a $53.00 target price on shares of Mobileye NV in a report on Wednesday, July 27th. Zacks Investment Research cut Mobileye NV from a “hold” rating to a “sell” rating in a report on Friday. Berenberg Bank reissued a “buy” rating and set a $58.00 target price (up previously from $51.00) on shares of Mobileye NV in a report on Monday, July 25th. Finally, Morgan Stanley reissued an “overweight” rating and set a $48.00 target price on shares of Mobileye NV in a report on Sunday, July 31st.
A number of institutional investors have recently bought and sold shares of MBLY. Jennison Associates LLC purchased a new position in Mobileye NV during the third quarter valued at $153,174,000. Sarasin & Partners LLP bought a new position in Mobileye NV during the second quarter valued at approximately $100,170,000. CI Investments Inc. bought a new position in Mobileye NV during the second quarter valued at approximately $81,165,000. BlackRock Institutional Trust Company N.A. boosted its position in Mobileye NV by 115.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,433,107 shares of the company’s stock valued at $112,264,000 after buying an additional 1,306,040 shares in the last quarter. Finally, Emerald Acquisition Ltd. bought a new position in Mobileye NV during the second quarter valued at approximately $59,008,000.
Mobileye NV (NASDAQ:MBLY) opened at 38.59 on Wednesday. Mobileye NV has a 52 week low of $23.57 and a 52 week high of $51.15. The firm’s 50 day moving average price is $38.98 and its 200-day moving average price is $41.86. The stock has a market cap of $8.46 billion and a price-to-earnings ratio of 98.95.
Mobileye NV (NASDAQ:MBLY) last released its quarterly earnings results on Tuesday, November 15th. The company reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.01. The business had revenue of $94.90 million for the quarter, compared to the consensus estimate of $89.51 million. The business’s quarterly revenue was up 34.4% on a year-over-year basis. During the same period last year, the firm posted $0.15 EPS. Analysts expect that Mobileye NV will post $0.71 EPS for the current year.
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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