Wells Fargo has downgraded Mobileye N.V. (NYSE:MBLY) from Outperform to Market Perform in a report released on 3/14/2017.

Previously on Monday March 13, 2017, Evercore ISI reported on Mobileye N.V. (NYSE:MBLY) increased the target price from $0.00 to $63.54 that suggested an upside of 0.04%.

Yesterday Mobileye N.V. (NYSE:MBLY) traded 28.24% higher at $60.62. MBLY’s 50-day moving average is $45.40 and its 200-day moving average is $41.39. The last closing price is up 46.46% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.04% over the same time. 88,357,006 shares of the stock were exchanged, up from an avg. volume of 5,072,730

Performance Chart

Mobileye N.V. has PE ratio of 131.78 with a one year low of $33.09 and a one year high of $61.51 and has a total market value of $0.

A total of 12 firms have reported on the stock. 0 brokers rating the stock a strong buy, 0 Equity Analysts Rating the company a buy, zero equity analysts rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $54.67.

More About Mobileye N.V. (NYSE:MBLY)

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). The Company's OEM segment supplies the software algorithms and EyeQ chip that are the technology of the ADAS to the Tier 1 companies, which are the system integrators for the automotive industry. In the AM segment, the Company sells system, which includes its software algorithms and EyeQ chip, as well as the camera and other necessary components. The Company's software algorithms and EyeQ chips perform detailed interpretations of the visual field in order to anticipate possible collisions with other vehicles, pedestrians, cyclists, animals, debris and other obstacles. The Company's technology is available in approximately 220 car models from over 20 OEMs.

The post Wells Fargo Downgraded Mobileye N.V. (NYSE:MBLY) from Outperform to Market Perform in a statement released earlier today. appeared first on Octafinance.