Mobileye was Downgraded to a Hold Rating at Evercore ISI

By Carrie Williams

Mobileye (NYSE: MBLY) received a Hold rating from Evercore ISI analyst Chris McNally today. The company’s shares opened today at $60.62, close to its 52-week high of $61.51.

McNally has an average return of 3.6% when recommending Mobileye.

According to TipRanks.com, McNally is ranked #2517 out of 4517 analysts.

Currently, the analyst consensus on Mobileye is Moderate Buy and the average price target is $54.50, representing a -10.1% downside.

In a report issued on March 2, Mizuho Securities also initiated coverage with a Hold rating on the stock with a $50 price target.

The company has a one year high of $61.51 and a one year low of $33.09. Currently, Mobileye has an average volume of 3.64M.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Mobileye NV engages in the designing and development of software and related technologies for camera-based advanced driver assistance systems. It operates through the following business segments: Original Equipment Manufacturing and After Market. The Original Equipment Manufacturing segment supplies systems on Chip, which includes core intelligence to be ultimately implemented within new vehicles through Tier 1 manufacturers who are system integrators to the automotive industry. The After Market segment engages in selling complete system, which offers advanced driver assistance functions to customers being primarily fleet commercial vehicles, fleet management system providers, new vehicle dealers and importers either directly, through distributors or through insurance companies. The company was founded by Ziv Aviram and Amnon Shashua in 1999 and is headquartered in Jerusalem, Israel.