Zacks Upgrades Luxoft Holding to “Outperform” (LXFT)
Luxoft Holding (NYSE:LXFT) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on Wednesday. The firm currently has a $38.80 price objective on the stock. Zacks‘s price objective indicates a potential upside of 5.84% from the company’s current price.
Shares of Luxoft Holding (NYSE:LXFT) traded up 0.41% during mid-day trading on Wednesday, hitting $36.81. 16,158 shares of the company’s stock traded hands. Luxoft Holding has a one year low of $22.51 and a one year high of $43.56. The stock has a 50-day moving average of $34.92 and a 200-day moving average of $33.57. The company has a market cap of $1.209 billion and a price-to-earnings ratio of 22.20.
Luxoft Holding (NYSE:LXFT) last released its earnings data 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 $2.04 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on LXFT. Analysts at Credit Suisse raised their price target on shares of Luxoft Holding from $31.00 to $34.60 in a research note on Thursday, August 14th. They now have a “neutral” rating on the stock. 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. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $41.28.
To view Zacks’ full report, visit Zacks’ official website.
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