MiX Telematics (MIXT) Gets a Hold Rating from Oppenheimer


Oppenheimer analyst Brian Schwartz maintained a Hold rating on MiX Telematics (NYSE: MIXT) today. The company’s shares closed yesterday at $17.08.

According to TipRanks.com, Schwartz is a top 25 analyst with an average return of 28.5% and a 77.9% success rate. Schwartz covers the Technology sector, focusing on stocks such as Ultimate Software, Instructure Inc, and Salesforce.com.

MiX Telematics has an analyst consensus of Strong Buy, with a price target consensus of $22.50.

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MiX Telematics’ market cap is currently $385.8M and has a P/E ratio of 31.16. The company has a Price to Book ratio of 3.25.

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MiX Telematics Ltd. engages in the provision of fleet and mobile asset management solutions. It focuses on the following industries: fast moving consumer goods, utilities, security, construction, transport and distribution, emergency services, government, rental and leasing, mining, oil and gas, and public transport.

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