Raymond James analyst Brian Peterson upgraded MiX Telematics (NYSE: MIXT) to Buy today. The company’s shares closed on Friday at $15.
According to TipRanks.com, Peterson is a top 25 analyst with an average return of 35.9% and a 86.2% success rate. Peterson covers the Technology sector, focusing on stocks such as Manhattan Associates, Coupa Software Inc, and Castlight Health.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for MiX Telematics with a $25 average price target.
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The company has a one-year high of $21 and a one-year low of $8.80. Currently, MiX Telematics has an average volume of 133.7K.
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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.
