MiX Telematics Limited (MIXT) Price Target Raised to $15.00
MiX Telematics Limited (NYSE:MIXT) had its price objective lifted by Canaccord Genuity from $12.00 to $15.00 in a report issued on Friday morning. The firm currently has a buy rating on the technology company’s stock.
A number of other analysts also recently weighed in on MIXT. Zacks Investment Research raised shares of MiX Telematics Limited from a hold rating to a buy rating and set a $11.00 price target for the company in a report on Friday, October 20th. TheStreet raised shares of MiX Telematics Limited from a c+ rating to a b- rating in a report on Tuesday, July 11th. Finally, ValuEngine downgraded shares of MiX Telematics Limited from a buy rating to a hold rating in a report on Tuesday, August 8th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. MiX Telematics Limited has an average rating of Hold and a consensus price target of $13.00.
Shares of MiX Telematics Limited (MIXT) traded up $0.44 on Friday, reaching $11.30. The company’s stock had a trading volume of 55,345 shares, compared to its average volume of 71,471. MiX Telematics Limited has a fifty-two week low of $5.59 and a fifty-two week high of $11.01. The stock has a market capitalization of $242.61, a PE ratio of 26.49, a price-to-earnings-growth ratio of 1.43 and a beta of 0.81.
MiX Telematics Limited (NYSE:MIXT) last posted its earnings results on Thursday, August 3rd. The technology company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. MiX Telematics Limited had a net margin of 7.73% and a return on equity of 8.99%. The business had revenue of $31.08 million for the quarter, compared to analyst estimates of $31.22 million. equities analysts forecast that MiX Telematics Limited will post 0.38 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. bought a new position in shares of MiX Telematics Limited during the 3rd quarter worth about $103,000. Smith Asset Management Group LP acquired a new stake in shares of MiX Telematics Limited during the 3rd quarter worth about $114,000. Russell Investments Group Ltd. increased its position in shares of MiX Telematics Limited by 105.6% during the 1st quarter. Russell Investments Group Ltd. now owns 19,495 shares of the technology company’s stock worth $123,000 after purchasing an additional 10,015 shares in the last quarter. New York State Common Retirement Fund increased its position in shares of MiX Telematics Limited by 47.6% during the 2nd quarter. New York State Common Retirement Fund now owns 20,794 shares of the technology company’s stock worth $164,000 after purchasing an additional 6,708 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of MiX Telematics Limited by 84.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 23,844 shares of the technology company’s stock worth $188,000 after purchasing an additional 10,912 shares in the last quarter. 20.01% of the stock is owned by institutional investors.
MiX Telematics Limited Company Profile
MiX Telematics Limited is a South Africa-based provider of fleet and mobile asset management solutions delivered as Software-as-a-Service (SaaS) to customers. The Company’s operating segments include Africa, Europe, Americas, Middle East and Australasia, Brazil and Central Services Organization. The Company’s products and services provide enterprise fleets, small fleets and consumers with solutions for safety, risk management and security.
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