SunTrust Banks Inc. Initiates Coverage on Mobileye NV (MBLY)
Research analysts at SunTrust Banks Inc. initiated coverage on shares of Mobileye NV (NASDAQ:MBLY) in a report issued on Monday. The firm set a “buy” rating and a $63.00 price target on the stock. SunTrust Banks Inc.’s target price would suggest a potential upside of 49.89% from the stock’s current price.
MBLY has been the subject of a number of other reports. Evercore ISI set a $60.00 price target on shares of Mobileye NV and gave the stock a “buy” rating in a research note on Friday, August 19th. William Blair reaffirmed an “outperform” rating on shares of Mobileye NV in a research note on Monday. Credit Agricole SA reiterated a “buy” rating and issued a $58.00 target price on shares of Mobileye NV in a report on Thursday, August 25th. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $60.00 target price on shares of Mobileye NV in a report on Tuesday, August 16th. Finally, Wunderlich downgraded shares of Mobileye NV from a “buy” rating to a “hold” rating in a report on Wednesday, September 14th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Mobileye NV presently has an average rating of “Buy” and an average price target of $58.92.
Mobileye NV (NASDAQ:MBLY) opened at 42.03 on Monday. The firm has a 50 day moving average of $46.51 and a 200-day moving average of $41.34. Mobileye NV has a one year low of $23.57 and a one year high of $52.00. The firm has a market cap of $9.22 billion and a price-to-earnings ratio of 107.77.
Mobileye NV (NASDAQ:MBLY) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The company earned $83.50 million during the quarter, compared to analyst estimates of $77.64 million. The company’s revenue was up 58.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.10 earnings per share. Equities research analysts forecast that Mobileye NV will post $0.71 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MBLY. Macquarie Group Ltd. raised its position in Mobileye NV by 95.5% in the second quarter. Macquarie Group Ltd. now owns 432,928 shares of the company’s stock valued at $19,975,000 after buying an additional 211,447 shares in the last quarter. Harbour Capital Advisors LLC bought a new position in Mobileye NV during the second quarter valued at $660,000. CI Investments Inc. bought a new position in Mobileye NV during the second quarter valued at $81,165,000. Perigon Wealth Management LLC raised its position in Mobileye NV by 22.7% in the second quarter. Perigon Wealth Management LLC now owns 10,915 shares of the company’s stock valued at $504,000 after buying an additional 2,016 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in Mobileye NV by 114.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 41,706 shares of the company’s stock valued at $1,925,000 after buying an additional 22,299 shares in the last quarter.
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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