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MiX Telematics Receives a Rating Update from a Top Analyst


Canaccord Genuity analyst Michael Walkley maintained a Buy rating on MiX Telematics (NYSE: MIXT) today and set a price target of $25. The company’s shares closed yesterday at $17.65.

According to TipRanks.com, Walkley is a top 100 analyst with an average return of 17.8% and a 65.8% 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 Moderate Buy, with a price target consensus of $25.

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MiX Telematics’ market cap is currently $398.5M and has a P/E ratio of 29.29. The company has a Price to Book ratio of 3.11.

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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.