Mobility Global (NYSE:MBGL) Stock Rated Equal Weight in New Coverage at Morgan Stanley

Morgan Stanley initiated coverage on shares of Mobility Global (NYSE:MBGL) in a research note issued to investors on Friday morning, Marketbeat reports. The firm issued an equal weight rating and a $19.00 price target on the stock.

Several other research analysts have also weighed in on the company. Royal Bank Of Canada began coverage on Mobility Global in a report on Thursday, July 2nd. They set a “sector perform” rating and a $23.00 target price on the stock. Citigroup started coverage on Mobility Global in a research note on Tuesday, August 11th. They issued a “neutral” rating and a $23.00 target price for the company. Weiss Ratings downgraded Mobility Global from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, October 6th. Evercore started coverage on Mobility Global in a report on Wednesday, September 9th. They issued an “in-line” rating and a $22.00 price target for the company. Finally, JPMorgan Chase & Co. initiated coverage on Mobility Global in a research report on Monday, September 28th. They set a “neutral” rating and a $21.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $22.20.

Mobility Global Stock Down 0.0%

Shares of NYSE MBGL opened at $18.22 on Friday. The stock’s fifty day moving average price is $19.53. The company has a market capitalization of $5.39 billion and a PE ratio of 101.21. Mobility Global has a twelve month low of $16.95 and a twelve month high of $26.00. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20.

Mobility Global (NYSE:MBGL) last announced its quarterly earnings results 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. On average, research analysts anticipate that Mobility Global will post 1.56 EPS for the current fiscal year.

Mobility Global Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th were paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.3%. The ex-dividend date was Thursday, August 27th. Mobility Global’s payout ratio is presently 133.33%.

Insider Transactions at Mobility Global

In other Mobility Global news, Director Mark Peek purchased 15,000 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were purchased at an average cost of $19.87 per share, with a total value of $298,050.00. Following the transaction, the director directly owned 50,000 shares of the company’s stock, valued at $993,500. This represents a 42.86% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have acquired 50,000 shares of company stock valued at $980,550.

Hedge Funds Weigh In On Mobility Global

A number of large investors have recently modified their holdings of MBGL. Wealth Enhancement Trust Services Inc. bought a new position in shares of Mobility Global in the 3rd quarter valued at about $25,000. CX Institutional acquired a new stake in shares of Mobility Global in the third quarter valued at about $30,000. Advisors Preferred LLC bought a new stake in Mobility Global during the second quarter worth about $36,000. Eastern Bank bought a new stake in Mobility Global during the third quarter worth about $55,000. Finally, MassMutual Private Wealth & Trust FSB bought a new stake in Mobility Global during the third quarter worth about $99,000.

About Mobility Global

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.