MiX Telematics Receives a Buy from Canaccord Genuity

In a report released today, Michael Walkley from Canaccord Genuity reiterated a Buy rating on MiX Telematics (NYSE: MIXT), with a price target of $23. The company’s shares opened today at $17.33, close to its 52-week high of $18.65.

According to TipRanks.com, Walkley is a top 100 analyst with an average return of 17.0% and a 63.2% success rate. Walkley covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Digi International Inc, and Skyworks Solutions.

MiX Telematics has an analyst consensus of Hold.

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The company has a one-year high of $18.65 and a one-year low of $5.59. Currently, MiX Telematics has an average volume of 101.5K.

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MiX Telematics Ltd. is global provider of fleet and mobile asset management solutions delivered as software as a service to customers which specializes in enterprise and small fleets. It provides hardware, accessories, applications and services. The company was founded by Stefan Joselowitz in 1996 and is headquartered in Midrand, South Africa.