Jefferies Keeps a Hold Rating on Mobileye

By Jason Carr

In a report released yesterday, Bret Jordan from Jefferies reiterated a Hold rating on Mobileye (NYSE: MBLY), with a price target of $63.54. The company’s shares closed yesterday at $61.84, close to its 52-week high of $61.95.

According to TipRanks.com, Jordan is a 4-star analyst with an average return of 8.1% and a 64.3% success rate. Jordan covers the Services sector, focusing on stocks such as Pep Boys-Manny Moe & Jack, Kar Auction Services Inc, and Genuine Parts Company.

Currently, the analyst consensus on Mobileye is Hold and the average price target is $61.87, representing a 0.0% upside.

In a report issued on May 19, RBC Capital also reiterated a Hold rating on the stock with a $63.54 price target.

Based on Mobileye’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $105 million and quarterly net profit of $32.6 million. In comparison, last year the company earned revenue of $75.21 million and had a net profit of $21.92 million.

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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.