MiX Telematics (MIXT)
Oppenheimer analyst Brian Schwartz maintained a Hold rating on MiX Telematics today. The company’s shares closed yesterday at $17.68.
“MiX Telematics’ management provided an upbeat set of presentations during yesterday’s investors meeting. The main focus of the meeting is that the company is going all in for the Americas market. Management has a strategy for the Americas to become the majority business contributor and for a full US stock listing over the medium term. Bottom Line: GARP-Y investors should take a look at MIXT. The business bottomed in FY:2016 and has been on an uptrend since. There are good upside drivers (US market expansion, new products, new verticals, increasing subscriptions mix, IoT) and operating leverage is coming through with scale. Negatively, 2H:FY2019 Adj. EBITDA guidance remains a tough optic from implying a lower margin to support the Americas strategy, growth investments, and from adverse FX.”
According to TipRanks.com, Schwartz is a top 25 analyst with an average return of 25.6% and a 75.0% success rate. Schwartz covers the Technology sector, focusing on stocks such as Ultimate Software, Instructure Inc, and Salesforce.com.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for MiX Telematics with a $27 average price target.
Science Applications (SAIC)
In a report released today, Brian Ruttenbur from Drexel Hamilton maintained a Buy rating on Science Applications, with a price target of $90. The company’s shares closed yesterday at $64.94, close to its 52-week low of $63.15.
“We believe the transaction will close as planned in January 2018 and the financial goals (revenue, margins, and cash generation) of the transaction are achievable over the next two years.”
According to TipRanks.com, Ruttenbur is a 3-star analyst with an average return of 2.2% and a 44.1% success rate. Ruttenbur covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, Mercury Systems Inc, and Huntington Ingalls.
Science Applications has an analyst consensus of Moderate Buy, with a price target consensus of $85.60.
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