Stock analysts at SunTrust Banks Inc. started coverage on shares of Mobileye NV (NYSE:MBLY) in a report issued on Tuesday. The brokerage set a “buy” rating and a $63.00 price target on the stock. SunTrust Banks Inc.’s price target indicates a potential upside of 46.17% from the company’s previous close.

Other equities analysts have also recently issued research reports about the stock. Piper Jaffray Cos. increased their price objective on shares of Mobileye NV from $50.00 to $60.00 and gave the stock an “overweight” rating in a research report on Monday, July 18th. Vetr raised shares of Mobileye NV from a “buy” rating to a “strong-buy” rating and set a $47.53 price objective on the stock in a research report on Monday. Goldman Sachs Group Inc. cut shares of Mobileye NV from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $45.00 to $40.00 in a research report on Tuesday, June 28th. Dougherty & Co raised shares of Mobileye NV from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 27th. Finally, Royal Bank Of Canada increased their price objective on shares of Mobileye NV from $47.00 to $53.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 5th. Four equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $51.25.

Analyst Recommendations for Mobileye NV (NYSE:MBLY)

Shares of Mobileye NV (NYSE:MBLY) opened at 43.10 on Tuesday. The company has a market cap of $9.45 billion, a PE ratio of 110.51 and a beta of 0.83. The stock’s 50 day moving average price is $46.44 and its 200-day moving average price is $41.36. Mobileye NV has a one year low of $23.57 and a one year high of $52.00.

Several large investors have recently modified their holdings of the company. Edmond DE Rothschild Holding S.A. raised its stake in shares of Mobileye NV by 38.5% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 5,757 shares of the company’s stock valued at $215,000 after buying an additional 1,600 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Mobileye NV by 14.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 449,585 shares of the company’s stock valued at $16,765,000 after buying an additional 55,495 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Mobileye NV by 36.9% in the first quarter. Canada Pension Plan Investment Board now owns 1,755,800 shares of the company’s stock valued at $65,474,000 after buying an additional 473,300 shares during the last quarter. Credit Agricole S A raised its stake in shares of Mobileye NV by 54.8% in the first quarter. Credit Agricole S A now owns 5,200 shares of the company’s stock valued at $194,000 after buying an additional 1,840 shares during the last quarter. Finally, Aviva PLC raised its stake in shares of Mobileye NV by 0.9% in the first quarter. Aviva PLC now owns 91,302 shares of the company’s stock valued at $3,405,000 after buying an additional 818 shares during the last quarter. Institutional investors own 77.82% of the company’s stock.

Mobileye NV Company Profile

Mobileye N.V. is engaged in the development of computer vision and machine learning, data analysis, localization and mapping for advanced driver assistance systems (ADAS) and autonomous driving technologies. The Company operates through two segments: Original Equipment Manufacturing (OEM) and aftermarket (AM).

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