Mobility Global (NYSE:MBGL) Rating Increased to Hold at Barclays

Barclays upgraded shares of Mobility Global (NYSE:MBGL) to a hold rating in a research report released on Tuesday,Zacks reports.

A number of other equities analysts have also recently issued reports on MBGL. Bank of America assumed coverage on Mobility Global in a report on Friday, August 21st. They issued a “neutral” rating and a $23.00 target price for the company. Citigroup initiated coverage on Mobility Global in a research note on Tuesday, August 11th. They set a “neutral” rating and a $23.00 price target on the stock. Zacks Research upgraded Mobility Global to a “hold” rating in a report on Thursday, July 30th. Wells Fargo & Company lowered their price objective on Mobility Global from $25.00 to $23.00 and set an “overweight” rating for the company in a research note on Monday, August 10th. Finally, UBS Group set a $23.00 price objective on Mobility Global in a research note on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $22.86.

Mobility Global Stock Performance

NYSE MBGL opened at $19.83 on Tuesday. The business’s fifty day moving average is $20.40. The company has a market capitalization of $5.87 billion and a PE ratio of 110.17. Mobility Global has a fifty-two week low of $17.67 and a fifty-two week 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 company had revenue of $468.00 million for the quarter. As a group, sell-side analysts predict that Mobility Global will post 1.52 earnings per share for the current fiscal year.

Mobility Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 27th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $0.24 annualized dividend and a dividend yield of 1.2%. Mobility Global’s payout ratio is currently 133.33%.

Insiders Place Their Bets

In related news, Director Mark S. Peek acquired 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average cost of $19.87 per share, for a total transaction of $298,050.00. Following the completion of the acquisition, the director directly owned 50,000 shares of the company’s stock, valued at approximately $993,500. This trade represents a 42.86% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders acquired 50,000 shares of company stock valued at $980,550 in the last three months.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Mobility Global stock. Advisors Preferred LLC purchased a new stake in Mobility Global, Inc. (NYSE:MBGL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,800 shares of the company’s stock, valued at approximately $36,000.

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.