Morgan Stanley Begins Coverage on Mobility Global (NYSE:MBGL)

Research analysts at Morgan Stanley began coverage on shares of Mobility Global (NYSE:MBGL) in a research report issued on Friday, MarketBeat Ratings reports. The brokerage set an “equal weight” rating and a $19.00 price target on the stock. Morgan Stanley’s price objective indicates a potential upside of 4.82% from the stock’s current price.

Several other research analysts have also recently commented on the stock. Citigroup initiated coverage on shares of Mobility Global in a research report on Tuesday, August 11th. They issued a “neutral” rating and a $23.00 target price for the company. Wells Fargo & Company reduced their price objective on Mobility Global from $25.00 to $23.00 and set an “overweight” rating for the company in a research report on Monday, August 10th. Royal Bank Of Canada initiated coverage on Mobility Global in a research report on Thursday, July 2nd. They issued a “sector perform” rating and a $23.00 target price on the stock. Evercore began coverage on Mobility Global in a research report on Wednesday, September 9th. They set an “in-line” rating and a $22.00 price target for the company. Finally, UBS Group set a $23.00 price target on Mobility Global in a research note on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $22.20.

Mobility Global Trading Up 4.4%

NYSE:MBGL opened at $18.13 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. The company’s 50 day moving average is $19.58. The company has a market capitalization of $5.37 billion and a price-to-earnings ratio of 100.71. Mobility Global has a 52 week low of $16.95 and a 52 week high of $26.00.

Mobility Global (NYSE:MBGL) last released its quarterly earnings data 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, analysts predict that Mobility Global will post 1.56 EPS for the current fiscal year.

Insider Transactions at Mobility Global

In other news, Director Mark Peek purchased 25,000 shares of the stock in a transaction dated Wednesday, August 12th. The shares were bought at an average cost of $19.50 per share, for a total transaction of $487,500.00. Following the transaction, the director owned 35,000 shares in the company, valued at $682,500. This trade represents a 250.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last three months, insiders acquired 50,000 shares of company stock worth $980,550.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Wealth Enhancement Trust Services Inc. bought a new stake in Mobility Global in the third quarter worth about $25,000. CX Institutional bought a new position in shares of Mobility Global during the 3rd quarter valued at about $30,000. Advisors Preferred LLC acquired a new position in shares of Mobility Global in the 2nd quarter worth approximately $36,000. Eastern Bank acquired a new position in shares of Mobility Global in the 3rd quarter worth approximately $55,000. Finally, MassMutual Private Wealth & Trust FSB bought a new stake in shares of Mobility Global in the 3rd quarter worth approximately $99,000.

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.