Research analysts at JPMorgan Chase & Co. started coverage on shares of Mobileye NV (NYSE:MBLY) in a research note issued to investors on Tuesday. The firm set a “neutral” rating and a $55.00 price target on the stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 13.45% from the stock’s previous close.
Several institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP raised its position in Mobileye NV by 337.4% in the fourth quarter. Marshall Wace LLP now owns 102,463 shares of the company’s stock worth $4,332,000 after buying an additional 79,038 shares during the period. State of New Jersey Common Pension Fund D raised its position in Mobileye NV by 6.4% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 665,000 shares of the company’s stock worth $28,116,000 after buying an additional 40,000 shares during the period. Wells Fargo & Company MN raised its position in Mobileye NV by 1.9% in the fourth quarter. Wells Fargo & Company MN now owns 1,341,196 shares of the company’s stock worth $56,706,000 after buying an additional 25,240 shares during the period. Bank of Montreal Can raised its position in Mobileye NV by 764.4% in the fourth quarter. Bank of Montreal Can now owns 404,157 shares of the company’s stock worth $17,088,000 after buying an additional 357,403 shares during the period. Finally, Howland Capital Management LLC raised its position in Mobileye NV by 74.0% in the fourth quarter. Howland Capital Management LLC now owns 133,769 shares of the company’s stock worth $5,656,000 after buying an additional 56,888 shares during the period.
Other research analysts have also issued reports about the stock. Citigroup Inc. reaffirmed a “buy” rating and issued a $66.00 price objective on shares of Mobileye NV in a research note on Monday, April 11th. Royal Bank Of Canada increased their target price on shares of Mobileye NV from $47.00 to $53.00 and gave the company an “outperform” rating in a report on Tuesday, July 5th. Vetr upgraded shares of Mobileye NV from a “buy” rating to a “strong-buy” rating and set a $44.75 target price for the company in a report on Tuesday, April 5th. Goldman Sachs Group Inc. downgraded shares of Mobileye NV from a “buy” rating to a “neutral” rating and lowered their target price for the company from $45.00 to $40.00 in a report on Tuesday, June 28th. Finally, Piper Jaffray Cos. increased their target price on shares of Mobileye NV from $50.00 to $60.00 and gave the company an “overweight” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $49.83.
Shares of Mobileye NV (NYSE:MBLY) opened at 48.48 on Tuesday. Mobileye NV has a one year low of $23.57 and a one year high of $64.48. The company has a market cap of $10.62 billion and a P/E ratio of 142.59. The company’s 50 day moving average is $41.61 and its 200 day moving average is $36.07.
Mobileye NV (NYSE:MBLY) last issued its earnings results on Thursday, May 5th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.01. The company had revenue of $75.20 million for the quarter, compared to the consensus estimate of $73.33 million. During the same period in the prior year, the company earned $0.08 earnings per share. The firm’s revenue was up 64.9% compared to the same quarter last year. On average, equities analysts predict that Mobileye NV will post $0.69 earnings per share for the current year.
Mobileye NV designs and develops software and related technologies for camera-based advanced driver assistance systems (ADAS). The Company’s software algorithms and EyeQ system on a chip (SOC) perform detailed interpretations of the visual field in order to anticipate possible collisions with other vehicles, pedestrians, cyclists, animals, debris and other obstacles.