Raymond James analyst Brian Peterson maintained a Buy rating on MiX Telematics (MIXT – Research Report) today and set a price target of $14.00. The company’s shares closed last Thursday at $7.50, close to its 52-week low of $6.75.
According to TipRanks.com, Peterson is a 5-star analyst with an average return of 18.9% and a 59.9% success rate. Peterson covers the Technology sector, focusing on stocks such as Qualtrics International, ZoomInfo Technologies, and Instructure Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for MiX Telematics with a $14.00 average price target.
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is neutral on the stock.
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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. The company was founded by Stefan Joselowitz in 1996 and is headquartered in Midrand, South Africa.
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