Mobility Global (NYSE:MBGL – Get Free Report) had its price objective increased by research analysts at Barclays from $23.00 to $25.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price would suggest a potential upside of 8.73% from the stock’s previous close.
Other research analysts have also issued research reports about the company. Citigroup initiated coverage on Mobility Global in a research report on Tuesday, August 11th. They issued a “neutral” rating and a $23.00 price target for the company. Bank of America assumed coverage on shares of Mobility Global in a research note on Friday, August 21st. They issued a “neutral” rating and a $23.00 target price on the stock. Wolfe Research raised Mobility Global to a “strong-buy” rating in a research report on Monday, July 20th. Wells Fargo & Company decreased their target price on Mobility Global from $25.00 to $23.00 and set an “overweight” rating for the company in a research report on Monday, August 10th. Finally, Zacks Research upgraded shares of Mobility Global to a “hold” rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $22.60.
View Our Latest Research Report on MBGL
Mobility Global Stock Down 0.6%
NYSE:MBGL traded down $0.14 during midday trading on Friday, hitting $22.99. The company had a trading volume of 750,214 shares, compared to its average volume of 5,917,215. Mobility Global has a 52-week low of $16.95 and a 52-week high of $26.00. The firm has a market cap of $6.81 billion and a P/E ratio of 127.67. The stock has a fifty day simple moving average of $19.02. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88.
Mobility Global (NYSE:MBGL – Get Free Report) last issued its quarterly earnings data on Thursday, November 12th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. The business had revenue of $478.00 million during the quarter. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, research analysts forecast that Mobility Global will post 1.52 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in MBGL. Boston Partners acquired a new position in shares of Mobility Global in the 3rd quarter valued at $201,882,000. State Street Corp acquired a new stake in shares of Mobility Global during the third quarter worth about $175,280,000. William Blair Investment Management LLC purchased a new position in shares of Mobility Global during the third quarter worth about $90,742,000. Mawer Investment Management Ltd. acquired a new position in Mobility Global in the 3rd quarter valued at about $63,568,000. Finally, Alberta Investment Management Corp purchased a new stake in Mobility Global during the 3rd quarter valued at approximately $38,899,000.
Mobility Global News Summary
Here’s some of the latest news about MBGL:
- Positive Sentiment: Q3 adjusted EPS of $0.40 beat the $0.38 consensus estimate, while revenue rose 7.4% year over year to $478 million. Mobility Global also raised its FY2026 EBITDA guidance, supporting expectations for stronger profitability. Article: Mobility Global jumps on Q3 beat, higher EBITDA outlook
- Positive Sentiment: The company authorized an $800 million share-repurchase program. A report also highlighted strong free cash flow as enabling increased capital returns to investors. Article: Mobility Global authorizes $800M share repurchase program Article: Why Mobility Global Stock Gained Today
- Neutral Sentiment: FY2026 revenue guidance is $1.9 billion, in line with the consensus estimate, so it does not indicate a revenue outlook increase. Article: Mobility Global Raises FY2026 EBITDA Guidance
Mobility Global Company Profile
Mobility Global is a blank-check company formed to pursue a merger, acquisition, share exchange or similar business combination with an operating business. It does not have established products or services of its own. The company’s stated focus is the mobility sector, which may include businesses involved in transportation, automotive services, logistics and related technologies. Its activities are centered on identifying and completing a suitable business combination.
Read More
- Five stocks we like better than Mobility Global
- Costco’s Record $30 Dividend Shows Just How Strong Its Cash Machine Is
- Heavy Lifting: Can USA Rare Earth Turn Its First Sales Into Big Profits?
- These 3 Stocks Have Bought Back Billions, But Which Offers the Best Value?
- Golden Dome’s $185 Billion Question: Who Actually Gets Paid?
Receive News & Ratings for Mobility Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mobility Global and related companies with MarketBeat.com's FREE daily email newsletter.
