Zacks Investment Research Upgrades Luxfer Holdings PLC (LXFR) to Hold

Luxfer Holdings PLC (NYSE:LXFR) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “Luxfer Holdings PLC is a materials technology company specialising in the design, manufacture and supply of high-performance materials, components and gas cylinders. The company had two divisions, Elektron and Gas Cylinders. The Elektron division focuses on speciality materials based on magnesium, zirconium and rare earths. The Gas Cylinders division manufactures products made from aluminium, composites and other metals using technically advanced processes. Luxfer also offers recycling services and magnesium powders throughout global networks. It operates manufacturing plants in various countries, which include the United Kingdom, the United States, France, Czech Republic, Canada and China. Luxfer Holdings PLC is based in Salford, the United Kingdom. “

A number of other research analysts also recently commented on LXFR. BidaskClub downgraded Luxfer Holdings PLC from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. ValuEngine raised Luxfer Holdings PLC from a “hold” rating to a “buy” rating in a report on Thursday, July 6th.

Luxfer Holdings PLC (NYSE:LXFR) opened at 12.30 on Wednesday. The firm has a market cap of $324.71 million, a price-to-earnings ratio of 20.88 and a beta of 0.84. The firm’s 50-day moving average price is $12.32 and its 200 day moving average price is $12.28. Luxfer Holdings PLC has a 52-week low of $9.28 and a 52-week high of $13.49.

ILLEGAL ACTIVITY WARNING: “Zacks Investment Research Upgrades Luxfer Holdings PLC (LXFR) to Hold” was first published by Community Financial News and is owned by of Community Financial News. If you are reading this article on another publication, it was stolen and republished in violation of United States and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.com-unik.info/2017/10/11/zacks-investment-research-upgrades-luxfer-holdings-plc-lxfr-to-hold.html.

A number of large investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its holdings in shares of Luxfer Holdings PLC by 1.4% in the 1st quarter. Wellington Management Group LLP now owns 3,544,918 shares of the industrial products company’s stock worth $43,106,000 after purchasing an additional 50,120 shares during the last quarter. FMR LLC lifted its holdings in shares of Luxfer Holdings PLC by 42.2% in the 2nd quarter. FMR LLC now owns 2,389,830 shares of the industrial products company’s stock worth $30,566,000 after purchasing an additional 709,264 shares during the last quarter. Paradice Investment Management LLC lifted its holdings in shares of Luxfer Holdings PLC by 0.8% in the 2nd quarter. Paradice Investment Management LLC now owns 1,746,663 shares of the industrial products company’s stock worth $22,340,000 after purchasing an additional 14,300 shares during the last quarter. Deprince Race & Zollo Inc. lifted its holdings in shares of Luxfer Holdings PLC by 4.9% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,470,731 shares of the industrial products company’s stock worth $18,811,000 after purchasing an additional 68,109 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Luxfer Holdings PLC by 3.0% in the 1st quarter. Renaissance Technologies LLC now owns 412,500 shares of the industrial products company’s stock worth $5,016,000 after purchasing an additional 12,000 shares during the last quarter. 87.67% of the stock is currently owned by institutional investors.

About Luxfer Holdings PLC

Luxfer Holdings PLC is a holding company. The Company is a materials technology company specializing in the design, manufacture and supply of materials, components and gas-containment devices for healthcare, environmental, protection and specialty end-markets. It operates through two divisions: Elektron and Gas Cylinders.

What are top analysts saying about Luxfer Holdings PLC? - 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 Luxfer Holdings PLC and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit