Luxoft (NYSE:LXFT) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

A number of other equities analysts also recently weighed in on the stock. Credit Suisse Group set a $48.00 price target on shares of Luxoft and gave the stock a “hold” rating in a research note on Monday, October 15th. VTB Capital cut shares of Luxoft from a “buy” rating to a “hold” rating in a report on Thursday, September 13th. Zacks Investment Research upgraded shares of Luxoft from a “sell” rating to a “hold” rating in a report on Saturday, October 13th. KeyCorp upped their price objective on shares of Luxoft from $45.00 to $47.00 and gave the stock an “overweight” rating in a report on Thursday, August 16th. Finally, Cantor Fitzgerald upped their price objective on shares of Luxoft from $46.00 to $52.00 and gave the stock an “overweight” rating in a report on Wednesday, September 5th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. Luxoft has a consensus rating of “Hold” and an average price target of $50.56.

NYSE LXFT opened at $33.30 on Friday. Luxoft has a 1-year low of $31.50 and a 1-year high of $59.05. The firm has a market capitalization of $1.38 billion, a PE ratio of 15.93 and a beta of 1.73.

Luxoft (NYSE:LXFT) last posted its quarterly earnings results on Thursday, November 15th. The software maker reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.27. Luxoft had a net margin of 6.09% and a return on equity of 15.44%. Research analysts predict that Luxoft will post 1.81 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of LXFT. Wells Fargo & Company MN boosted its holdings in Luxoft by 6.5% during the first quarter. Wells Fargo & Company MN now owns 23,679 shares of the software maker’s stock valued at $970,000 after acquiring an additional 1,448 shares during the period. California Public Employees Retirement System boosted its holdings in Luxoft by 11.8% during the second quarter. California Public Employees Retirement System now owns 27,057 shares of the software maker’s stock valued at $997,000 after acquiring an additional 2,862 shares during the period. Northern Trust Corp boosted its holdings in Luxoft by 12.7% during the second quarter. Northern Trust Corp now owns 30,787 shares of the software maker’s stock valued at $1,135,000 after acquiring an additional 3,469 shares during the period. Bank of America Corp DE boosted its holdings in Luxoft by 17.9% during the second quarter. Bank of America Corp DE now owns 25,090 shares of the software maker’s stock valued at $925,000 after acquiring an additional 3,816 shares during the period. Finally, Barings LLC boosted its holdings in Luxoft by 1.1% during the second quarter. Barings LLC now owns 352,368 shares of the software maker’s stock valued at $12,985,000 after acquiring an additional 3,970 shares during the period. Hedge funds and other institutional investors own 56.12% of the company’s stock.

Luxoft Company Profile

Luxoft Holding, Inc, together with its subsidiaries, provides software development services and IT solutions to multinational corporations. The company offers application software development, software architecture design, performance engineering, optimization and testing, process consulting, and software quality assurance services; functional specification and mock-up, product design, engineering, automated testing, maintenance, support, and performance engineering services; and IT strategy, software engineering process, and data security consulting services.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Luxoft (NYSE:LXFT)

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