Zacks Research Upgrades Luxfer (NYSE:LXFR) to Strong-Buy

Luxfer (NYSE:LXFR) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other analysts have also issued reports on LXFR. Freedom Capital upgraded shares of Luxfer to a “strong-buy” rating in a research report on Thursday, May 21st. Wall Street Zen raised Luxfer from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 23rd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Luxfer in a report on Monday, March 23rd. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Luxfer Stock Performance

NYSE LXFR opened at $17.11 on Wednesday. The company has a current ratio of 1.75, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $462.01 million, a price-to-earnings ratio of 77.75, a P/E/G ratio of 2.17 and a beta of 1.10. The firm’s 50 day simple moving average is $13.81 and its 200 day simple moving average is $13.77. Luxfer has a 1 year low of $11.15 and a 1 year high of $17.18.

Institutional Trading of Luxfer

A number of hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its position in Luxfer by 63.3% in the first quarter. EverSource Wealth Advisors LLC now owns 2,793 shares of the industrial products company’s stock valued at $34,000 after buying an additional 1,083 shares in the last quarter. Empowered Funds LLC boosted its position in Luxfer by 21.2% in the first quarter. Empowered Funds LLC now owns 137,186 shares of the industrial products company’s stock valued at $1,671,000 after buying an additional 24,003 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Luxfer in the first quarter valued at approximately $956,000. Arrowstreet Capital Limited Partnership boosted its position in Luxfer by 17.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 488,252 shares of the industrial products company’s stock valued at $5,947,000 after buying an additional 70,989 shares in the last quarter. Finally, First Wilshire Securities Management Inc. boosted its position in Luxfer by 0.7% in the first quarter. First Wilshire Securities Management Inc. now owns 342,174 shares of the industrial products company’s stock valued at $4,168,000 after buying an additional 2,454 shares in the last quarter. Institutional investors and hedge funds own 90.82% of the company’s stock.

Luxfer Company Profile

Luxfer Gas Cylinders, trading as Luxfer (NYSE: LXFR), is a global manufacturer specializing in high-performance, lightweight gas cylinders. The company produces both aluminium and composite cylinders designed to store and transport high-pressure gases for industrial, medical, diving, firefighting and defense applications. Its portfolio includes seamless aluminium cylinders, wrapped composite cylinders and pressure vessel components tailored to meet stringent safety and performance standards.

Founded on more than a century of materials expertise originating from the Luxfer Graphic Magnesium Company established in 1898, Luxfer has evolved into a leader in cylinder innovation.