Luxoft (LXFT) Upgraded by KeyCorp to Overweight

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.

A number of institutional investors have recently bought and sold shares of the stock. D.A. Davidson & CO. raised its position in Luxoft by 9.1% in the 2nd quarter. D.A. Davidson & CO. now owns 2,019 shares of the software maker’s stock worth $122,000 after purchasing an additional 168 shares during the period. Jacobson & Schmitt Advisors LLC grew its stake in Luxoft by 0.3% in the 2nd quarter. Jacobson & Schmitt Advisors LLC now owns 66,435 shares of the software maker’s stock worth $4,043,000 after acquiring an additional 171 shares in the last quarter. State Street Corp grew its stake in Luxoft by 2.7% in the 2nd quarter. State Street Corp now owns 20,008 shares of the software maker’s stock worth $1,218,000 after acquiring an additional 523 shares in the last quarter. Pacad Investment Ltd. grew its stake in Luxoft by 50.0% in the 2nd quarter. Pacad Investment Ltd. now owns 3,300 shares of the software maker’s stock worth $201,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in Luxoft by 18.3% in the 2nd quarter. Legal & General Group Plc now owns 7,100 shares of the software maker’s stock worth $432,000 after acquiring an additional 1,100 shares in the last quarter. 52.56% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: “Luxoft (LXFT) Upgraded by KeyCorp to Overweight” was published by Community Financial News and is owned by of Community Financial News. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark law. The correct version of this news story can be viewed at https://www.com-unik.info/2017/12/05/luxoft-lxft-upgraded-by-keycorp-to-overweight.html.

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.

Analyst Recommendations for Luxoft (NYSE:LXFT)

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.

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