Trade Report: The Brokerages Set Mobileye NV (MBLY) PT at $58.92

The Brokerages Set Mobileye NV (MBLY) PT at $58.92

Shares of Mobileye NV (NASDAQ:MBLY) have earned a consensus rating of “Buy” from the nineteen brokerages that are currently covering the firm. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $58.92.

Several brokerages have recently weighed in on MBLY. Citigroup Inc. reissued a “buy” rating and issued a $66.00 price objective on shares of Mobileye NV in a research report on Friday, July 15th. Berenberg Bank began coverage on shares of Mobileye NV in a research report on Friday, June 17th. They issued a “buy” rating and a $51.00 price objective on the stock. Credit Agricole SA reissued a “buy” rating and issued a $58.00 price objective on shares of Mobileye NV in a research report on Friday, July 1st. Evercore ISI reissued a “buy” rating and issued a $60.00 price objective on shares of Mobileye NV in a research report on Thursday, June 30th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $72.00 price objective on shares of Mobileye NV in a research report on Thursday, June 30th.

Several large investors have recently modified their holdings of the stock. Integrated Investment Consultants LLC boosted its stake in Mobileye NV by 14.5% in the second quarter. Integrated Investment Consultants LLC now owns 2,530 shares of the company’s stock valued at $117,000 after buying an additional 321 shares during the last quarter. Howland Capital Management LLC boosted its stake in Mobileye NV by 0.8% in the second quarter. Howland Capital Management LLC now owns 136,328 shares of the company’s stock valued at $6,290,000 after buying an additional 1,106 shares during the last quarter. British Columbia Investment Management Corp boosted its stake in Mobileye NV by 125.0% in the second quarter. British Columbia Investment Management Corp now owns 19,800 shares of the company’s stock valued at $914,000 after buying an additional 11,000 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in Mobileye NV by 137.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,973 shares of the company’s stock valued at $183,000 after buying an additional 2,303 shares during the last quarter. Finally, Cabot Wealth Management Inc. acquired a new stake in Mobileye NV during the second quarter valued at $1,327,000.

Mobileye NV (NASDAQ:MBLY) opened at 36.99 on Wednesday. The firm has a market capitalization of $8.11 billion and a price-to-earnings ratio of 94.85. Mobileye NV has a 52-week low of $23.57 and a 52-week high of $51.15. The firm has a 50-day moving average of $43.68 and a 200-day moving average of $41.97.

Mobileye NV (NASDAQ:MBLY) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The firm had revenue of $83.50 million for the quarter, compared to the consensus estimate of $77.64 million. During the same period last year, the company posted $0.10 earnings per share. The business’s revenue was up 58.1% compared to the same quarter last year. On average, equities research analysts forecast that Mobileye NV will post $0.71 EPS for the current fiscal year.

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