Barclays Downgrades Mobileye NV to Equal-Weight

Brokerage firm Barclays Downgrades its rating on Mobileye NV(MBLY). The shares have been rated Equal-Weight. Previously, the analysts had a Overweight rating on the shares. The rating by the stock financial advisor at Barclays was issued on Mar 15, 2017 in a research report to their Investors and Clients.

In a different note, On Mar 15, 2017, Goldman Sachs said it Downgrades its rating on Mobileye NV. The shares have been rated ‘Neutral’ by the firm. On Mar 14, 2017, Needham said it Downgrades its rating on Mobileye NV. The shares have been rated ‘Hold’ by the firm. On Mar 14, 2017, SunTrust Robinson Humphrey said it Downgrades its rating on Mobileye NV. The shares have been rated ‘Hold’ by the firm. On Mar 14, 2017, RBC Capital said it Downgrades its rating on Mobileye NV. According to the research note, RBC Capital Raises the price target to $63.54 per share from a prior target of $57. The shares have been rated ‘Sector Perform’ by the firm. On Mar 14, 2017, Jefferies said it Downgrades its rating on Mobileye NV. The shares have been rated ‘Hold’ by the firm. On Mar 13, 2017, Evercore ISI Group said it Downgrades its rating on Mobileye NV. The shares have been rated ‘In-Line’ by the firm.

Mobileye NV (MBLY) shares turned negative on Fridays trading session with the shares closing down -0.23 points or -0.38% at a volume of 1,26,51,728. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $60.74. The peak price level was also seen at $60.74 while the days lowest was $60.5. Finally the shares closed at $60.51. The 52-week high of the shares is $61.51 while the 52-week low is $33.69. According to the latest information available, the market cap of the company is $13,436 M.

Mobileye NV(MBLY) last announced its earnings results on Feb 22, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $104.581M. Analysts had an estimated revenue of $96.400M. Earnings per share were $0.22. Analysts had estimated an EPS of $0.2.

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. Its products are also able to detect roadway markings such as lanes road boundaries barriers and similar items as well as to identify and read traffic signs and traffic lights. It operates in two segments: the original equipment manufacturer segment and the AM segment. The OEM segment supplies the software algorithms and EyeQ chip that are the core technology of the complete ADAS to the Tier 1 companies that are the system integrators for the automotive industry. In the AM segment it sells a complete system which includes its software algorithms and EyeQ chip as well as the camera and other necessary components.

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