Luxoft (NYSE:LXFT) was upgraded by analysts at KeyCorp to an “overweight” rating in a research note issued to investors on Tuesday.
Several other analysts have also recently issued reports on LXFT. Wedbush cut shares of Luxoft from an “outperform” rating to a “neutral” rating and upped their target price for the company from $60.80 to $67.00 in a research report on Friday, August 11th. Cowen set a $63.00 target price on shares of Luxoft and gave the company a “buy” rating in a research report on Friday, August 11th. Berenberg Bank set a $60.00 price objective on shares of Luxoft and gave the stock a “buy” rating in a research report on Monday, August 14th. VTB Capital assumed coverage on shares of Luxoft in a research report on Tuesday, August 15th. They issued a “buy” rating and a $65.00 price objective on the stock. Finally, Zacks Investment Research lowered shares of Luxoft from a “buy” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $60.75.
Shares of Luxoft (NYSE:LXFT) opened at $50.55 on Tuesday. The stock has a market cap of $1,723.60, a PE ratio of 24.47 and a beta of 1.48. Luxoft has a 1 year low of $40.15 and a 1 year high of $67.85.
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Luxoft Company Profile
Luxoft Holding, Inc, is a provider of software development services and information technology (IT) solutions to a global client base consisting primarily of large multinational corporations. The Company’s software development services consist of custom software development and support, product engineering and testing, and technology consulting.
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