MiX Telematics Limited (NYSE:MIXT) had its target price hoisted by Canaccord Genuity from $12.00 to $15.00 in a research report report published on Friday morning. Canaccord Genuity currently has a buy rating on the technology company’s stock.
Several other equities analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of MiX Telematics Limited from a sell rating to a hold rating in a report on Wednesday, August 23rd. TheStreet upgraded shares of MiX Telematics Limited from a c+ rating to a b- rating in a report on Tuesday, July 11th. Finally, ValuEngine lowered shares of MiX Telematics Limited from a buy rating to a hold rating in a report on Tuesday, August 8th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $13.00.
MiX Telematics Limited (NYSE:MIXT) traded up $0.36 during mid-day trading on Friday, hitting $10.86. 54,867 shares of the stock traded hands, compared to its average volume of 68,795. MiX Telematics Limited has a 1 year low of $5.59 and a 1 year high of $11.01. The stock has a market capitalization of $253.10, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 1.39 and a beta of 0.81.
MiX Telematics Limited (NYSE:MIXT) last released its earnings results on Thursday, August 3rd. The technology company reported $0.10 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. MiX Telematics Limited had a net margin of 7.73% and a return on equity of 9.07%. The firm had revenue of $31.08 million during the quarter, compared to analyst estimates of $31.22 million. equities research analysts anticipate that MiX Telematics Limited will post 0.38 earnings per share for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. bought a new stake in shares of MiX Telematics Limited during the third quarter valued at approximately $103,000. Smith Asset Management Group LP bought a new stake in shares of MiX Telematics Limited during the third quarter valued at approximately $114,000. Russell Investments Group Ltd. increased its position in shares of MiX Telematics Limited by 105.6% during the first quarter. Russell Investments Group Ltd. now owns 19,495 shares of the technology company’s stock valued at $123,000 after acquiring 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 second quarter. New York State Common Retirement Fund now owns 20,794 shares of the technology company’s stock valued at $164,000 after acquiring 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 second quarter. JPMorgan Chase & Co. now owns 23,844 shares of the technology company’s stock valued at $188,000 after acquiring an additional 10,912 shares in the last quarter. 20.05% 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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