Zacks: Analysts Set $27.00 Target Price for Luxfer Holdings PLC (LXFR)
Luxfer Holdings PLC (NYSE:LXFR) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 12 month consensus price target of $27.00 for the company and are anticipating that the company will post $0.40 earnings per share for the current quarter, according to Zacks. Zacks has also given Luxfer an industry rank of 91 out of 255 based on the ratings given to related companies.
LXFR has been the topic of several research reports. Zacks Investment Research upgraded Luxfer from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Thursday, January 17th. ValuEngine downgraded Luxfer from a “buy” rating to a “hold” rating in a report on Friday, March 1st.
Several large investors have recently made changes to their positions in LXFR. Oppenheimer Asset Management Inc. increased its stake in shares of Luxfer by 327.0% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 8,173 shares of the industrial products company’s stock valued at $204,000 after purchasing an additional 6,259 shares in the last quarter. Investors Research Corp bought a new stake in shares of Luxfer during the 1st quarter valued at about $182,000. Tibra Equities Europe Ltd bought a new stake in shares of Luxfer during the 1st quarter valued at about $1,626,000. Geode Capital Management LLC bought a new stake in shares of Luxfer during the 4th quarter valued at about $981,000. Finally, FMR LLC grew its position in shares of Luxfer by 59.2% during the 4th quarter. FMR LLC now owns 2,862,654 shares of the industrial products company’s stock valued at $50,469,000 after buying an additional 1,064,125 shares during the last quarter. Institutional investors and hedge funds own 96.83% of the company’s stock.
Shares of NYSE:LXFR traded down $0.48 during midday trading on Monday, reaching $24.29. 219 shares of the company’s stock traded hands, compared to its average volume of 134,504. The company has a market cap of $662.34 million, a P/E ratio of 14.37 and a beta of 1.16. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 1.00. Luxfer has a one year low of $13.76 and a one year high of $28.06.
Luxfer (NYSE:LXFR) last announced its quarterly earnings results on Monday, March 11th. The industrial products company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.09. The firm had revenue of $110.90 million for the quarter, compared to the consensus estimate of $118.00 million. Luxfer had a return on equity of 25.27% and a net margin of 4.73%. On average, sell-side analysts anticipate that Luxfer will post 1.85 earnings per share for the current year.
The business also recently declared a dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Friday, April 12th will be issued a $0.125 dividend. The ex-dividend date is Thursday, April 11th.
Luxfer Company Profile
Luxfer Holdings PLC, a materials technology company, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas cylinders for transportation, defense and emergency response, healthcare, and general industrial applications. It operates in two segments, Gas Cylinders and Elektron.
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