Mobileye N.V. Ordinary Shares (NYSE:MBLY):
Mobileye Announces Expiration of HSR Waiting Period.
The company is trading unchanged from yesterday’s close of $62.3.
Mobileye N.V., incorporated in 2001, is involved in the development of computer vision and machine learning-based sensing, mapping and driving policy technology for advanced driver assistance systems (ADAS) and autonomous driving technologies. The Company operates through two segments: Original Equipment Manufacturing (OEM) and After Market (AM). The Business’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 Business’s products are able to detect roadway markings, such as lanes, road boundaries, barriers and similar items; identify and read traffic signs, directional signs and traffic lights; create a Roadbook of localized drivable paths and visual landmarks using its road experience management (REM) technology, and provide mapping for autonomous driving. The Company offers camera-based ADAS technology that covers various safety and convenience-related functions..
Company shares last traded at $62.30 which is marginally higher than the 50 day moving average of $61.83 and just above the 200 day moving average of $50.60. The 50 day moving average was up by +0.77% whereas the 200 day average was up by +23.12%.
The P/E ratio is 122.16 and market capitalization is 13.83B. In the latest earnings report the EPS was $0.51 and is projected to be $1.04 for the current year with 221,923,000 shares presently outstanding. Next quarter’s EPS is expected be $0.26 and the next full year EPS is anticipated to be $1.57.
Several analysts have weighed in on the stock. On December 1, 2016 Needham began coverage of MBLY with an initial rating of “Buy”. SunTrust Robinson Humphrey added the stock to its research portfolio giving it an initial rating of “Buy” and price target of $63.00.
On July 27 the stock rating was upgraded from “Neutral” to “Neutral” with a current price target of $55.00 in a report issued by Dougherty & Company. Equity analyst JP Morgan initiated coverage on MBLY by announcing an initial rating of “Neutral” and setting a price target of $55.00.
On June 28 the company was downgraded to “Neutral” from “Buy” and a price target of $40.00 was set in a report from Goldman Sachs. Goldman Sachs both downgraded the stock and lowered the price target on June 28 changing the price target from $50.00 to $40.00 and moving the rating from “Buy” to “Neutral”.