Wedbush upgraded shares of Luxoft Holding, Inc. (NYSE:LXFT) from a neutral rating to an outperform rating in a research note issued to investors on Friday morning. Wedbush currently has $67.00 price target on the stock, up from their previous price target of $62.00.
Several other analysts have also weighed in on LXFT. Zacks Investment Research upgraded shares of Luxoft Holding from a sell rating to a hold rating in a research note on Tuesday, September 13th. Pacific Crest reissued a hold rating on shares of Luxoft Holding in a report on Wednesday, November 9th. J P Morgan Chase & Co reissued a buy rating and set a $80.00 price target on shares of Luxoft Holding in a report on Friday, November 11th. Finally, Cowen and Company raised shares of Luxoft Holding from a market perform rating to an outperform rating and set a $65.00 price target for the company in a report on Monday, December 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. Luxoft Holding currently has a consensus rating of Hold and an average target price of $68.42.
Luxoft Holding (NYSE:LXFT) traded down 0.66% during mid-day trading on Friday, hitting $59.95. 206,461 shares of the stock traded hands. The stock has a 50-day moving average of $54.96 and a 200 day moving average of $53.57. Luxoft Holding has a 1-year low of $46.58 and a 1-year high of $77.28. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 32.39 and a beta of 1.52.
COPYRIGHT VIOLATION NOTICE: “Luxoft Holding, Inc. (LXFT) Upgraded to Outperform by Wedbush” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this news story on another domain, it was stolen and reposted in violation of United States and international copyright and trademark laws. The original version of this news story can be viewed at https://www.com-unik.info/2017/01/09/luxoft-holding-inc-lxft-upgraded-to-outperform-by-wedbush.html.
A number of hedge funds have recently bought and sold shares of LXFT. Wasatch Advisors Inc. increased its stake in Luxoft Holding by 11.0% in the third quarter. Wasatch Advisors Inc. now owns 1,750,597 shares of the company’s stock valued at $92,519,000 after buying an additional 172,807 shares during the last quarter. Jacobson & Schmitt Advisors LLC increased its stake in Luxoft Holding by 3.2% in the third quarter. Jacobson & Schmitt Advisors LLC now owns 68,065 shares of the company’s stock valued at $3,597,000 after buying an additional 2,094 shares during the last quarter. Hartwell J M Limited Partnership increased its stake in Luxoft Holding by 0.4% in the third quarter. Hartwell J M Limited Partnership now owns 385,420 shares of the company’s stock valued at $20,369,000 after buying an additional 1,600 shares during the last quarter. BlackRock Advisors LLC increased its stake in Luxoft Holding by 8.1% in the second quarter. BlackRock Advisors LLC now owns 176,445 shares of the company’s stock valued at $9,179,000 after buying an additional 13,199 shares during the last quarter. Finally, Alpine Partners VI LLC bought a new stake in Luxoft Holding during the second quarter valued at about $721,000. Hedge funds and other institutional investors own 89.86% of the company’s stock.
About Luxoft Holding
Luxoft Holding, Inc is a provider of software development services and information technology solutions to a client base consisting of multinational corporations. The Company’s software development services consist of custom software development and support, product engineering and testing, and technology consulting.
What are top analysts saying about Luxoft Holding Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Luxoft Holding Inc. and related companies.