Luxoft (LXFT) Upgraded to “Overweight” by KeyCorp
KeyCorp upgraded shares of Luxoft (NYSE:LXFT) from a sector weight rating to an overweight rating in a research note published on Tuesday morning. KeyCorp also issued estimates for Luxoft’s Q3 2018 earnings at $0.59 EPS.
LXFT has been the subject of several other reports. Zacks Investment Research downgraded shares of Luxoft from a hold rating to a strong sell rating in a research report on Wednesday, November 15th. Cowen restated a buy rating and set a $63.00 price objective on shares of Luxoft in a research report on Thursday, October 12th. Credit Suisse Group downgraded shares of Luxoft from a neutral rating to an underperform rating in a research report on Thursday, September 7th. Wedbush downgraded shares of Luxoft from an outperform rating to a neutral rating and raised their price objective for the stock from $60.80 to $67.00 in a research report on Friday, August 11th. Finally, UBS raised their price objective on shares of Luxoft from $51.00 to $55.00 and gave the stock a neutral rating in a research report on Monday, November 20th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $60.75.
Shares of Luxoft (LXFT) traded up $1.35 during mid-day trading on Tuesday, reaching $51.90. 206,200 shares of the company’s stock traded hands, compared to its average volume of 212,259. The firm has a market capitalization of $1,703.38, a P/E ratio of 24.19 and a beta of 1.48. Luxoft has a 1 year low of $40.15 and a 1 year high of $67.85.
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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