MiX Telematics (NYSE:MIXT) was upgraded by investment analysts at Raymond James from an “outperform” rating to a “strong-buy” rating in a note issued to investors on Monday, August 20th, Marketbeat reports. The brokerage presently has a $22.00 target price on the technology company’s stock. Raymond James’ target price suggests a potential upside of 45.31% from the company’s current price.
Other analysts have also recently issued research reports about the company. ValuEngine cut MiX Telematics from a “buy” rating to a “hold” rating in a report on Saturday, August 18th. Zacks Investment Research upgraded MiX Telematics from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Tuesday, May 15th. Finally, Canaccord Genuity boosted their price target on MiX Telematics from $23.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, June 14th. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $23.00.
Shares of MIXT traded down $0.12 during trading hours on Monday, hitting $15.14. The stock had a trading volume of 34,100 shares, compared to its average volume of 115,432. The firm has a market cap of $347.91 million, a price-to-earnings ratio of 26.10 and a beta of 0.43. MiX Telematics has a 52 week low of $8.80 and a 52 week high of $21.00.
MiX Telematics Company Profile
MiX Telematics Limited provides fleet and mobile asset management solutions through software-as-a-service delivery model. The company offers fleet solutions, including MiX Fleet Manager Premium that provides access to secure information about drivers and vehicles; MiX Fleet Manager Essential for monitoring drivers and vehicles; and MiX Asset Manager, a solution for fleet owners and managers to track and monitor vehicles.
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