MiX Telematics Ltd – (NYSE:MIXT) has been assigned an average broker rating score of 1.20 (Strong Buy) from the five brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy rating and four have issued a strong buy rating on the company. MiX Telematics Ltd -‘s rating score has improved by 4% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Brokers have set a 1 year consensus target price of $7.25 for the company and are predicting that the company will post $0.05 EPS for the current quarter, according to Zacks. Zacks has also assigned MiX Telematics Ltd – an industry rank of 62 out of 265 based on the ratings given to its competitors.
A number of equities analysts have issued reports on MIXT shares. Canaccord Genuity raised their target price on shares of MiX Telematics Ltd – from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Monday, September 12th. Zacks Investment Research raised shares of MiX Telematics Ltd – from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a report on Wednesday, June 29th. Finally, TheStreet raised shares of MiX Telematics Ltd – from a “sell” rating to a “hold” rating in a report on Monday, August 8th.
Large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its position in MiX Telematics Ltd – by 51.1% in the first quarter. Renaissance Technologies LLC now owns 286,891 shares of the company’s stock worth $1,133,000 after buying an additional 96,991 shares in the last quarter. Acadian Asset Management LLC raised its position in MiX Telematics Ltd – by 48.2% in the second quarter. Acadian Asset Management LLC now owns 53,899 shares of the company’s stock worth $252,000 after buying an additional 17,523 shares in the last quarter. Finally, Rice Hall James & Associates LLC raised its position in MiX Telematics Ltd – by 1.0% in the second quarter. Rice Hall James & Associates LLC now owns 310,729 shares of the company’s stock worth $1,454,000 after buying an additional 3,219 shares in the last quarter.
Shares of MiX Telematics Ltd – (NYSE:MIXT) traded down 1.80% during midday trading on Monday, hitting $6.00. The stock had a trading volume of 18,207 shares. The firm has a 50 day moving average of $5.41 and a 200-day moving average of $4.73. MiX Telematics Ltd – has a one year low of $3.33 and a one year high of $6.23. The company has a market cap of $183.14 million, a P/E ratio of 14.12 and a beta of 0.88.
MiX Telematics Ltd – (NYSE:MIXT) last issued its earnings results on Thursday, August 4th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.05. The business earned $25.60 million during the quarter, compared to the consensus estimate of $25.18 million. On average, analysts forecast that MiX Telematics Ltd – will post $0.01 earnings per share for the current fiscal year.
The company also recently declared a dividend, which was paid on Thursday, September 8th. Shareholders of record on Friday, August 26th were paid a $0.028 dividend. The ex-dividend date was Wednesday, August 24th. This is a positive change from MiX Telematics Ltd -‘s previous dividend of $0.03.
About MiX Telematics Ltd –
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 Americas, Europe, Brazil, Middle East and Australasia, and Africa. Its products and services provide enterprise fleets, small fleets and consumers with solutions for safety, risk and security.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for MiX Telematics Ltd - Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MiX Telematics Ltd - and related companies with MarketBeat.com's FREE daily email newsletter.