Mobility Global, Inc. (NYSE:MBGL) Stock Has Consensus Target Price of $22.20 According to Brokerages

Shares of Mobility Global, Inc. (NYSE:MBGL) have been given a consensus recommendation of “Hold” by the twelve brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $22.20.

Several research analysts recently weighed in on the company. Weiss Ratings raised Mobility Global from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, October 22nd. Evercore assumed coverage on shares of Mobility Global in a research report on Wednesday, September 9th. They issued an “in-line” rating and a $22.00 price target on the stock. Zacks Research upgraded shares of Mobility Global to a “hold” rating in a research report on Thursday, July 30th. Morgan Stanley assumed coverage on shares of Mobility Global in a report on Friday, October 9th. They issued an “equal weight” rating and a $19.00 price target for the company. Finally, Robert W. Baird reduced their price objective on Mobility Global from $23.00 to $22.00 and set a “neutral” rating for the company in a research note on Monday, August 10th.

Insider Activity

In other news, Director Mark Peek acquired 15,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were purchased at an average price of $19.87 per share, for a total transaction of $298,050.00. Following the completion of the acquisition, the director owned 50,000 shares of the company’s stock, valued at approximately $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 three months, insiders bought 50,000 shares of company stock worth $980,550.

Institutional Trading of Mobility Global

A number of institutional investors have recently added to or reduced their stakes in MBGL. William Blair Investment Management LLC bought a new stake in Mobility Global in the third quarter worth approximately $90,742,000. Mawer Investment Management Ltd. acquired a new position in shares of Mobility Global during the 3rd quarter worth $63,568,000. Deroy & Devereaux Private Investment Counsel Inc. acquired a new position in shares of Mobility Global during the 3rd quarter worth $29,554,000. Ninety One UK Ltd acquired a new position in shares of Mobility Global during the 3rd quarter worth $15,245,000. Finally, PBU The Pension Fund of Early Childhood & Youth Educators bought a new position in shares of Mobility Global during the 3rd quarter valued at $12,541,000.

Mobility Global Stock Performance

Shares of MBGL stock opened at $19.61 on Monday. Mobility Global has a 1 year low of $16.95 and a 1 year 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. The firm’s fifty day moving average price is $18.98. The firm has a market cap of $5.80 billion and a PE ratio of 108.94.

Mobility Global (NYSE:MBGL) last announced its quarterly earnings data on Friday, August 7th. The company reported $0.18 earnings per share for the quarter. The firm had revenue of $468.00 million during the quarter. Equities research analysts predict that Mobility Global will post 1.52 earnings per share for the current year.

Mobility Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Shareholders of record on Monday, November 30th will be given a $0.06 dividend. The ex-dividend date is Monday, November 30th. This represents a $0.24 dividend on an annualized basis and a yield of 1.2%. Mobility Global’s dividend payout ratio is presently 133.33%.

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.