Luxfer (NYSE:LXFR) Lowered to Buy Rating by Wall Street Zen

Luxfer (NYSE:LXFR) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Sunday.

A number of other brokerages have also recently commented on LXFR. Zacks Research upgraded Luxfer from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Luxfer in a research report on Monday, March 23rd. Finally, Freedom Capital upgraded Luxfer to a “strong-buy” rating in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Luxfer Stock Performance

Shares of LXFR opened at $17.09 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.75 and a debt-to-equity ratio of 0.15. The business has a 50-day simple moving average of $13.92 and a two-hundred day simple moving average of $13.80. The stock has a market cap of $461.55 million, a price-to-earnings ratio of 77.68, a PEG ratio of 2.21 and a beta of 1.10. Luxfer has a 52 week low of $11.15 and a 52 week high of $17.22.

Institutional Trading of Luxfer

Several institutional investors have recently made changes to their positions in LXFR. AQR Capital Management LLC grew its position in shares of Luxfer by 1.9% during the first quarter. AQR Capital Management LLC now owns 257,371 shares of the industrial products company’s stock worth $3,052,000 after purchasing an additional 4,772 shares in the last quarter. Jane Street Group LLC grew its position in shares of Luxfer by 115.0% during the first quarter. Jane Street Group LLC now owns 46,689 shares of the industrial products company’s stock worth $554,000 after purchasing an additional 24,969 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Luxfer by 20.5% during the second quarter. Franklin Resources Inc. now owns 19,199 shares of the industrial products company’s stock worth $234,000 after purchasing an additional 3,268 shares in the last quarter. Marshall Wace LLP grew its position in shares of Luxfer by 0.9% during the second quarter. Marshall Wace LLP now owns 172,736 shares of the industrial products company’s stock worth $2,104,000 after purchasing an additional 1,570 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its position in shares of Luxfer by 58.9% during the second quarter. Qube Research & Technologies Ltd now owns 133,343 shares of the industrial products company’s stock worth $1,624,000 after purchasing an additional 49,419 shares in the last quarter. Hedge funds and other institutional investors own 90.82% of the company’s stock.

About Luxfer

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.