Luxoft Holding Inc. (NYSE:LXFT) Receives $64.31 Consensus Target Price from Analysts
Luxoft Holding Inc. (NYSE:LXFT) has been given an average recommendation of “Hold” by the twelve brokerages that are presently covering the firm. Seven equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $64.31.
A number of equities analysts recently issued reports on LXFT shares. Cantor Fitzgerald reiterated a “hold” rating and issued a $55.00 target price on shares of Luxoft Holding in a report on Wednesday, September 7th. Monness Crespi & Hardt cut their target price on Luxoft Holding from $84.00 to $78.00 and set a “buy” rating on the stock in a report on Tuesday, June 28th. Berenberg Bank restated a “hold” rating on shares of Luxoft Holding in a research note on Tuesday, August 16th. JPMorgan Chase & Co. restated a “buy” rating on shares of Luxoft Holding in a research note on Friday, June 17th. Finally, Zacks Investment Research upgraded Luxoft Holding from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 14th.
Luxoft Holding (NYSE:LXFT) opened at 53.37 on Wednesday. The firm has a market capitalization 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 of $52.66 and a 200 day moving average of $55.70.
Luxoft Holding (NYSE:LXFT) last issued its earnings results on Thursday, August 11th. The company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by $0.01. Luxoft Holding had a return on equity of 24.69% and a net margin of 10.24%. The firm earned $178 million during the quarter, compared to the consensus estimate of $176.39 million. During the same quarter in the prior year, the business earned $0.61 earnings per share. Luxoft Holding’s revenue for the quarter was up 20.3% on a year-over-year basis. On average, analysts forecast that Luxoft Holding will post $2.92 EPS for the current fiscal year.
Several large investors have recently added to or reduced their stakes in the company. Keel Point LLC boosted its stake in Luxoft Holding by 0.3% in the second quarter. Keel Point LLC now owns 8,365 shares of the company’s stock worth $435,000 after buying an additional 24 shares during the last quarter. Boston Advisors LLC boosted its stake in Luxoft Holding by 0.6% in the second quarter. Boston Advisors LLC now owns 10,005 shares of the company’s stock worth $520,000 after buying an additional 55 shares during the last quarter. Jacobson & Schmitt Advisors LLC boosted its stake in Luxoft Holding by 0.5% in the second quarter. Jacobson & Schmitt Advisors LLC now owns 65,971 shares of the company’s stock worth $3,432,000 after buying an additional 320 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Luxoft Holding by 4.9% in the second quarter. PNC Financial Services Group Inc. now owns 17,149 shares of the company’s stock worth $892,000 after buying an additional 796 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Luxoft Holding by 8.9% in the first quarter. Geode Capital Management LLC now owns 19,698 shares of the company’s stock worth $1,083,000 after buying an additional 1,606 shares during the last quarter. Institutional investors own 87.74% of the company’s stock.
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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