Luxoft (LXFT) Upgraded to “Overweight” by KeyCorp
Luxoft (NYSE:LXFT) was upgraded by stock analysts at KeyCorp from a “sector weight” rating to an “overweight” rating in a research report issued to clients and investors on Tuesday, MarketBeat reports.
LXFT has been the topic of a number of other research reports. Pivotal Research started coverage on Luxoft in a research note on Tuesday. They set a “buy” rating and a $70.00 price objective on the stock. Berenberg Bank set a $60.00 price objective on Luxoft and gave the company a “buy” rating in a research note on Monday, August 14th. Zacks Investment Research raised Luxoft from a “sell” rating to a “hold” rating and set a $59.00 price objective on the stock in a research note on Thursday, November 23rd. VTB Capital started coverage on Luxoft in a research note on Tuesday, August 15th. They set a “buy” rating and a $65.00 price objective on the stock. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and set a $47.00 price objective on shares of Luxoft in a research note on Friday, November 17th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. Luxoft currently has an average rating of “Hold” and a consensus target price of $60.75.
Shares of Luxoft (NYSE LXFT) traded down $0.60 during mid-day trading on Tuesday, hitting $50.55. The stock had a trading volume of 143,100 shares, compared to its average volume of 212,285. Luxoft has a twelve month low of $40.15 and a twelve month high of $67.85. The stock has a market capitalization of $1,723.60, a PE ratio of 24.47 and a beta of 1.48.
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Luxoft Company Profile
Luxoft Holding, Inc, is a provider of software development services and information technology (IT) solutions to a global client base consisting primarily of large multinational corporations. The Company’s software development services consist of custom software development and support, product engineering and testing, and technology consulting.
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