Analysts Set MiX Telematics Limited (MIXT) Price Target at $12.00

MiX Telematics Limited (NYSE:MIXT) has earned a consensus rating of “Hold” from the six brokerages that are covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $12.00.

MIXT has been the topic of a number of recent research reports. TheStreet upgraded MiX Telematics Limited from a “c+” rating to a “b-” rating in a report on Tuesday, July 11th. Canaccord Genuity reiterated a “buy” rating and issued a $12.00 target price on shares of MiX Telematics Limited in a report on Thursday, August 3rd. Zacks Investment Research upgraded MiX Telematics Limited from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, ValuEngine cut MiX Telematics Limited from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th.

Large investors have recently modified their holdings of the business. Russell Investments Group Ltd. lifted its stake in 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 valued at $123,000 after acquiring an additional 10,015 shares in the last quarter. New York State Common Retirement Fund lifted its stake in 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 valued at $164,000 after acquiring an additional 6,708 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in MiX Telematics Limited by 84.4% during the 2nd 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. State of Wisconsin Investment Board bought a new position in MiX Telematics Limited during the 1st quarter valued at $225,000. Finally, Bank of New York Mellon Corp lifted its stake in MiX Telematics Limited by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 58,292 shares of the technology company’s stock valued at $367,000 after acquiring an additional 1,715 shares in the last quarter. Institutional investors and hedge funds own 19.29% of the company’s stock.

MiX Telematics Limited (NYSE:MIXT) traded down 0.91% on Friday, reaching $9.83. 11,296 shares of the company traded hands. The firm has a 50 day moving average of $9.59 and a 200-day moving average of $7.86. MiX Telematics Limited has a one year low of $5.59 and a one year high of $10.07. The stock has a market capitalization of $219.59 million, a PE ratio of 24.57 and a beta of 0.81.

MiX Telematics Limited (NYSE:MIXT) last issued its earnings results on Thursday, August 3rd. The technology company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10. MiX Telematics Limited had a return on equity of 8.56% and a net margin of 7.88%. The company had revenue of $31.08 million for the quarter, compared to analysts’ expectations of $31.22 million. On average, analysts anticipate that MiX Telematics Limited will post $0.37 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Analysts Set MiX Telematics Limited (MIXT) Price Target at $12.00” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international tradem

MIXT has been the topic of a number of recent research reports. TheStreet upgraded MiX Telematics Limited from a “c+” rating to a “b-” rating in a report on Tuesday, July 11th. Canaccord Genuity reiterated a “buy” rating and issued a $12.00 target price on shares of MiX Telematics Limited in a report on Thursday, August 3rd. Zacks Investment Research upgraded MiX Telematics Limited from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Finally, ValuEngine cut MiX Telematics Limited from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th.

Large investors have recently modified their holdings of the business. Russell Investments Group Ltd. lifted its stake in 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 valued at $123,000 after acquiring an additional 10,015 shares in the last quarter. New York State Common Retirement Fund lifted its stake in 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 valued at $164,000 after acquiring an additional 6,708 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in MiX Telematics Limited by 84.4% during the 2nd 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. State of Wisconsin Investment Board bought a new position in MiX Telematics Limited during the 1st quarter valued at $225,000. Finally, Bank of New York Mellon Corp lifted its stake in MiX Telematics Limited by 3.0% during the 1st quarter. Bank of New York Mellon Corp now owns 58,292 shares of the technology company’s stock valued at $367,000 after acquiring an additional 1,715 shares in the last quarter. Institutional investors and hedge funds own 19.29% of the company’s stock.

MiX Telematics Limited (NYSE:MIXT) traded down 0.91% on Friday, reaching $9.83. 11,296 shares of the company traded hands. The firm has a 50 day moving average of $9.59 and a 200-day moving average of $7.86. MiX Telematics Limited has a one year low of $5.59 and a one year high of $10.07. The stock has a market capitalization of $219.59 million, a PE ratio of 24.57 and a beta of 0.81.

MiX Telematics Limited (NYSE:MIXT) last issued its earnings results on Thursday, August 3rd. The technology company reported $0.10 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.10. MiX Telematics Limited had a return on equity of 8.56% and a net margin of 7.88%. The company had revenue of $31.08 million for the quarter, compared to analysts’ expectations of $31.22 million. On average, analysts anticipate that MiX Telematics Limited will post $0.37 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Analysts Set MiX Telematics Limited (MIXT) Price Target at $12.00” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another domain, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The legal version of this story can be accessed at https://ledgergazette.com/2017/10/22/analysts-set-mix-telematics-limited-mixt-price-target-at-12-00.html.

About MiX Telematics Limited

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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