Mobility Global (NYSE:MBGL) Stock Rated Neutral in New Coverage at JPMorgan Chase & Co.

JPMorgan Chase & Co. initiated coverage on shares of Mobility Global (NYSE:MBGL) in a research report report published on Monday morning, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $21.00 price objective on the stock.

Other equities analysts also recently issued research reports about the company. Citigroup started coverage on Mobility Global in a research report on Tuesday, August 11th. They issued a “neutral” rating and a $23.00 target price on the stock. UBS Group set a $23.00 price target on Mobility Global in a research report on Thursday, July 2nd. Wall Street Zen raised Mobility Global to a “hold” rating in a research note on Saturday, July 18th. Wells Fargo & Company decreased their price objective on Mobility Global from $25.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. Finally, Royal Bank Of Canada began coverage on shares of Mobility Global in a research note on Thursday, July 2nd. They set a “sector perform” rating and a $23.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $22.56.

Mobility Global Stock Down 3.4%

MBGL opened at $17.20 on Monday. The firm has a market cap of $5.09 billion and a P/E ratio of 95.57. Mobility Global has a twelve month low of $17.14 and a twelve month high of $26.00. The stock’s 50-day moving average is $19.98. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88.

Mobility Global (NYSE:MBGL) last posted its quarterly earnings data on Friday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter. The firm had revenue of $468.00 million during the quarter. As a group, sell-side analysts expect that Mobility Global will post 1.52 earnings per share for the current year.

Mobility Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th were given a $0.06 dividend. The ex-dividend date was Thursday, August 27th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.4%. Mobility Global’s dividend payout ratio is 133.33%.

Insider Activity

In related news, Director Mark Peek purchased 15,000 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was purchased at an average price of $19.87 per share, with a total value of $298,050.00. Following the completion of the acquisition, the director owned 50,000 shares in the company, valued at $993,500. This trade represents a 42.86% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders purchased 50,000 shares of company stock valued at $980,550 in the last ninety days.

Hedge Funds Weigh In On Mobility Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advisors Preferred LLC acquired a new stake in shares of Mobility Global in the 2nd quarter worth $36,000. Citadel Advisors LLC purchased a new position in shares of Mobility Global during the 2nd quarter worth $279,000. Finally, Tidal Investments LLC acquired a new position in shares of Mobility Global during the 2nd quarter valued at about $11,253,000.

Mobility Global Company Profile

Mobility Global Inc providing critical data and analytics across the full vehicle lifecycle. Its portfolio of trusted brands and products includes CARFAX, automotiveMastermind, Polk Automotive Solutions and Market Scan, supporting automotive manufacturers, suppliers, dealer groups, media, financial institutions and consumers. Mobility Global Inc is based in NEW YORK.