Mobileye N.V (NYSE:MBLY) Rating Change
Mobileye N.V (NYSE:MBLY)’s stock was downgraded to “Equal Weight” by expert analysts at Barclays, who have a price target of $63.0 on MBLY. The firm’s “Overweight” rating is no longer valid.
This rating downgrade was noticed by stock traders, as NYSE:MBLY is currently trading 0.00% lower at $60.96 as of 4:00 AM New York time. Mobileye N.V.’s stock is 0% over the past 200 days. It has underperformed the Standard & Poor’s 500 index, which has gained 13.17% over the same time.
According to data compiled by Thomson Reuters, Mobileye N.V (NYSE:MBLY)’s stock is covered by 12 equity analysts across the Street, with 0 analysts giving it a Sell rating, 0 a Buy rating, while 0 consider it a Hold. The 12-month consensus target price for the stock is $54.67, which reflects an downside potential of 10.32% over the current price.
Mobileye N.V (NYSE:MBLY) 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). 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.
Mobileye N.V (NYSE:MBLY) closed at $60.96 yesterday. A total of 34,048 shares of the company’s stock traded hands. This is down from average of 7.14M shares. Mobileye N.V. has a 52 week low of $33.09 and a 52 week high of $61.51. The company has a market cap of $13.59B and a P/E ratio of 133.94.
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The post Will Barclays Downgrade to “Equal Weight” from “Overweight” Be a Headwind For Mobileye N.V (NYSE:MBLY) Stock Today? appeared first on Octafinance.