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Equities researchers at Credit Suisse increased their price objective on shares of Luxoft Holding (NYSE:LXFT) from $31.00 to $34.60 in a research report issued on Thursday. The firm currently has a “neutral” rating on the stock. Credit Suisse’s target price would suggest a potential downside of 8.47% from the company’s current price.

Shares of Luxoft Holding (NYSE:LXFT) traded down 0.29% on Thursday, hitting $37.79. The stock had a trading volume of 92,933 shares. Luxoft Holding has a 1-year low of $22.30 and a 1-year high of $43.56. The stock has a 50-day moving average of $34.87 and a 200-day moving average of $33.. The company has a market cap of $1.241 billion and a P/E ratio of 23.84.

Luxoft Holding (NYSE:LXFT) last announced its earnings results on Tuesday, August 12th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.08. The company had revenue of $112.30 million for the quarter, compared to the consensus estimate of $105.25 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. Analysts expect that Luxoft Holding will post $2.01 EPS for the current fiscal year.

Separately, analysts at Renaissance Capital initiated coverage on shares of Luxoft Holding in a research note on Wednesday, July 9th. They set a “buy” rating and a $48.00 price target on the stock.

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