Shares of Luxoft Holding Inc. (NYSE:LXFT) have earned a consensus rating of “Hold” from the twelve brokerages that are presently covering the stock. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $64.31.
A number of research firms have issued reports on LXFT. Zacks Investment Research upgraded Luxoft Holding from a “sell” rating to a “hold” rating in a research note on Tuesday, September 13th. Wedbush began coverage on Luxoft Holding in a research note on Thursday, September 8th. They set a “neutral” rating and a $62.00 price target for the company. Cantor Fitzgerald reiterated a “hold” rating and set a $55.00 price target on shares of Luxoft Holding in a research note on Wednesday, September 7th. Berenberg Bank reiterated a “hold” rating on shares of Luxoft Holding in a research note on Tuesday, August 16th. Finally, Pacific Crest began coverage on Luxoft Holding in a research note on Tuesday, July 12th. They set a “sector weight” rating for the company.
Luxoft Holding (NYSE:LXFT) opened at 53.37 on Wednesday. The company has a market cap of $1.77 billion, a P/E ratio of 26.03 and a beta of 1.56. Luxoft Holding has a 12 month low of $46.58 and a 12 month high of $80.64. The firm has a 50-day moving average price of $52.66 and a 200 day moving average price of $55.70.
Luxoft Holding (NYSE:LXFT) last issued its earnings results on Thursday, August 11th. The company reported $0.62 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by $0.01. The firm earned $178 million during the quarter, compared to analyst estimates of $176.39 million. Luxoft Holding had a net margin of 10.24% and a return on equity of 24.69%. The business’s quarterly revenue was up 20.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.61 earnings per share. On average, equities analysts expect that Luxoft Holding will post $2.92 earnings per share for the current year.
Several large investors have recently bought and sold shares of LXFT. Royal Bank of Canada boosted its stake in Luxoft Holding by 1,143.6% in the second quarter. Royal Bank of Canada now owns 4,875 shares of the company’s stock worth $254,000 after buying an additional 4,483 shares during the period. Fiera Capital Corp bought a new stake in Luxoft Holding during the second quarter worth approximately $312,000. AHL Partners LLP boosted its stake in Luxoft Holding by 392.0% in the second quarter. AHL Partners LLP now owns 36,126 shares of the company’s stock worth $1,880,000 after buying an additional 28,784 shares during the period. Grandeur Peak Global Advisors LLC boosted its stake in Luxoft Holding by 1.6% in the second quarter. Grandeur Peak Global Advisors LLC now owns 157,175 shares of the company’s stock worth $8,176,000 after buying an additional 2,525 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its stake in Luxoft Holding by 43.7% in the second quarter. Cubist Systematic Strategies LLC now owns 21,225 shares of the company’s stock worth $1,104,000 after buying an additional 6,454 shares during the period. 87.74% of the stock is currently owned by institutional investors.
Luxoft Holding Company Profile
Luxoft Holding, Inc is a provider of software development services and information technology (IT) solutions. The Company’s software development services consist of custom software development and support, product engineering and testing and technology consulting. The Company’s services ranges from handling standard outsourcing client-directed engagements to managed delivery and transformational engagements.
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