MiX Telematics (MIXT) Rating Lowered to Hold at ValuEngine
MiX Telematics (NYSE:MIXT) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.
Several other research analysts also recently commented on the company. BidaskClub raised MiX Telematics from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Zacks Investment Research lowered MiX Telematics from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, Canaccord Genuity boosted their target price on MiX Telematics from $12.00 to $15.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $13.00.
Shares of MiX Telematics (NYSE MIXT) opened at $11.41 on Friday. The firm has a market capitalization of $255.30, a price-to-earnings ratio of 27.83, a price-to-earnings-growth ratio of 1.48 and a beta of 0.88. MiX Telematics has a twelve month low of $5.59 and a twelve month high of $11.90.
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MiX Telematics 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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