Luxfer Holdings PLC Downgraded by Zacks to Underperform (LXFR)
Luxfer Holdings PLC (NASDAQ:LXFR) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Tuesday, ARN reports. They currently have a $20.30 price target on the stock. Zacks‘ price target points to a potential downside of 4.83% from the company’s current price.
Shares of Luxfer Holdings PLC (NASDAQ:LXFR) traded down 0.38% on Tuesday, hitting $21.25. 140,770 shares of the company’s stock traded hands. Luxfer Holdings PLC has a 52-week low of $12.03 and a 52-week high of $22.05. The stock has a 50-day moving average of $19.27 and a 200-day moving average of $17.. The company has a market cap of $569.5 million and a price-to-earnings ratio of 15.97.
Luxfer Holdings PLC (NASDAQ:LXFR) last announced its earnings results on Wednesday, November 13th. The company reported $0.35 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.35. The company had revenue of $118.30 million for the quarter, compared to the consensus estimate of $121.55 million. Analysts expect that Luxfer Holdings PLC will post $1.40 EPS for the current fiscal year.
Luxfer Holdings PLC is a United Kingdom-based holding company. The Company, along with its subsidiaries, manufactures high pressure gas cylinders in aluminum and composite materials; magnesium alloys and powders; components in aluminum, magnesium, titanium and carbon composites, and chemically-derived compounds of zirconium.
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