Luxoft Holding (LXFT) Earns Daily News Impact Rating of 0.10
Media coverage about Luxoft Holding (NYSE:LXFT) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Luxoft Holding earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the software maker an impact score of 45.8570891721796 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern’s rankings:
- Stock recommendation to Buy: Luxoft Holding, Inc. (LXFT) – Street Observer (press release) (streetobserver.com)
- Luxoft Appoints Tracy Krumme as Vice President of Investor Relations – Markets Insider (markets.businessinsider.com)
- Luxoft Holding, Inc. (LXFT) Receives “Hold” Rating from KeyCorp (americanbankingnews.com)
- Excelian, Luxoft Financial Services Launches Global Avaloq Practice following Acquisition of UNAFORTIS (finance.yahoo.com)
Luxoft Holding (NYSE LXFT) traded down 0.21% on Thursday, hitting $47.40. The stock had a trading volume of 74,139 shares. The company has a market cap of $1.59 billion, a PE ratio of 29.66 and a beta of 1.47. The stock has a 50-day moving average of $48.31 and a 200-day moving average of $58.41. Luxoft Holding has a one year low of $40.15 and a one year high of $67.85.
Several equities research analysts have commented on LXFT shares. Berenberg Bank set a $60.00 target price on shares of Luxoft Holding and gave the stock a “buy” rating in a research report on Monday, August 14th. Cowen and Company set a $68.00 target price on shares of Luxoft Holding and gave the stock a “buy” rating in a research report on Friday, June 16th. KeyCorp restated a “hold” rating on shares of Luxoft Holding in a research report on Thursday, September 28th. BidaskClub lowered shares of Luxoft Holding from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, Wedbush lowered shares of Luxoft Holding from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $60.80 to $67.00 in a research report on Friday, August 11th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $65.14.
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Luxoft Holding 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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