Luxoft Holding (LXFT) Receiving Somewhat Positive News Coverage, Report Finds
News headlines about Luxoft Holding (NYSE:LXFT) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Luxoft Holding earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned news headlines about the software maker an impact score of 46.0498707616733 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Form 6-K Luxoft Holding, Inc For: Sep 08 (streetinsider.com)
- Luxoft Holding, Inc. Class A Or (NYSE:LXFT) Sees Significantly Higher Trading Volume – First News 24 (firstnewspaper24.com)
- Luxoft Announces Results of the Annual Meeting of Shareholders (finance.yahoo.com)
- Luxoft Holding, Inc. (LXFT) Lowered to Underperform at Credit Suisse Group (americanbankingnews.com)
- Stock Analysis: Focusing on Shares of Luxoft Holding Inc (LXFT) – Wall Street Review (thewallstreetreview.com)
A number of brokerages have issued reports on LXFT. UBS AG reiterated a “neutral” rating and set a $66.00 price target (up previously from $63.00) on shares of Luxoft Holding in a research report on Thursday, May 25th. Berenberg Bank set a $60.00 target price on Luxoft Holding and gave the company a “buy” rating in a report on Monday, August 14th. Cantor Fitzgerald reissued a “hold” rating and set a $55.00 target price on shares of Luxoft Holding in a report on Tuesday, May 23rd. VTB Capital assumed coverage on Luxoft Holding in a report on Tuesday, August 15th. They set a “buy” rating and a $65.00 target price for the company. Finally, Cowen and Company increased their target price on Luxoft Holding from $65.00 to $68.00 and gave the company an “outperform” rating in a report on Wednesday, May 24th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Luxoft Holding has an average rating of “Hold” and a consensus price target of $64.38.
Luxoft Holding (NYSE:LXFT) traded up 1.46% during midday trading on Monday, hitting $48.55. The company had a trading volume of 188,661 shares. The stock’s 50-day moving average price is $54.32 and its 200-day moving average price is $59.76. Luxoft Holding has a 52-week low of $40.15 and a 52-week high of $67.85. The stock has a market cap of $1.63 billion, a PE ratio of 30.38 and a beta of 1.50.
About Luxoft Holding
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.
Receive News & Stock Ratings for Luxoft Holding Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Luxoft Holding Inc. and related stocks with our FREE daily email newsletter.