PiperJaffray Downgrades Mobileye NV to Neutral

Brokerage firm PiperJaffray Downgrades its rating on Mobileye NV(MBLY). The shares have been rated Neutral. Previously, the analysts had a Overweight rating on the shares. The rating by the stock financial advisor at PiperJaffray was issued on Mar 20, 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 15, 2017, Barclays said it Downgrades its rating on Mobileye NV. The shares have been rated ‘Equal-Weight’ 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.

Mobileye NV (MBLY) made into the market gainers list on Wednesdays trading session with the shares advancing 0.55% or 0.33 points. Due to strong positive momentum, the stock ended at $60.75, which is also near the day’s high of $60.75. The stock began the session at $60.42 and the volume stood at 75,33,194 shares. The 52-week high of the shares is $61.51 and the 52 week low is $33.69. The company has a current market capitalization of $13,489 M and it has 22,20,44,020 shares in outstanding.

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.

Add Comment