Shares of Mobileye NV (NASDAQ:MBLY) have earned a consensus rating of “Buy” from the nineteen brokerages that are currently covering the firm. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $58.92.
A number of brokerages recently issued reports on MBLY. Zacks Investment Research cut shares of Mobileye NV from a “hold” rating to a “sell” rating in a report on Wednesday, July 6th. Piper Jaffray Cos. restated an “overweight” rating and set a $60.00 price objective (up previously from $50.00) on shares of Mobileye NV in a report on Monday, July 18th. William Blair reaffirmed an “outperform” rating on shares of Mobileye NV in a research note on Wednesday, July 6th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $72.00 price target on shares of Mobileye NV in a research note on Thursday, June 30th. Finally, TheStreet raised shares of Mobileye NV from a “sell” rating to a “hold” rating in a research note on Wednesday, June 29th.
Mobileye NV (NASDAQ:MBLY) opened at 36.99 on Wednesday. Mobileye NV has a 1-year low of $23.57 and a 1-year high of $51.15. The firm has a market capitalization of $8.11 billion and a price-to-earnings ratio of 94.85. The company has a 50-day moving average of $43.68 and a 200-day moving average of $41.97.
Mobileye NV (NASDAQ:MBLY) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.02. The firm had revenue of $83.50 million for the quarter, compared to analyst estimates of $77.64 million. The firm’s revenue for the quarter was up 58.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.10 EPS. On average, equities analysts predict that Mobileye NV will post $0.71 earnings per share for the current year.
Institutional investors have recently modified their holdings of the company. Sarasin & Partners LLP purchased a new position in shares of Mobileye NV during the second quarter worth $100,170,000. CI Investments Inc. purchased a new position in shares of Mobileye NV during the second quarter worth $81,165,000. BlackRock Institutional Trust Company N.A. increased its position in shares of Mobileye NV by 115.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,433,107 shares of the company’s stock worth $112,264,000 after buying an additional 1,306,040 shares during the last quarter. Emerald Acquisition Ltd. purchased a new position in shares of Mobileye NV during the second quarter worth $59,008,000. Finally, State Street Corp increased its position in shares of Mobileye NV by 93.8% in the second quarter. State Street Corp now owns 2,430,283 shares of the company’s stock worth $112,130,000 after buying an additional 1,176,159 shares during the last quarter.
About Mobileye NV
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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