Luxoft (LXFT) Stock Rating Lowered by ValuEngine

ValuEngine lowered shares of Luxoft (NYSE:LXFT) from a hold rating to a sell rating in a report published on Monday morning.

A number of other research analysts have also recently commented on LXFT. JPMorgan Chase cut their price target on shares of Luxoft from $69.00 to $65.00 and set an overweight rating for the company in a research note on Wednesday, February 14th. Cowen cut shares of Luxoft from an outperform rating to a market perform rating and cut their target price for the company from $63.00 to $50.00 in a research note on Wednesday, February 14th. Zacks Investment Research cut shares of Luxoft from a buy rating to a hold rating in a research note on Thursday, January 18th. Pivotal Research cut shares of Luxoft from a buy rating to a hold rating and set a $48.00 target price for the company. in a research note on Wednesday, February 14th. Finally, KeyCorp cut their target price on shares of Luxoft from $66.00 to $56.00 and set an overweight rating for the company in a research note on Thursday, February 15th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $57.82.

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Shares of LXFT opened at $40.35 on Monday. The stock has a market cap of $1,326.61, a price-to-earnings ratio of 18.76 and a beta of 1.64. Luxoft has a 12 month low of $39.05 and a 12 month high of $67.85.

Luxoft (NYSE:LXFT) last announced its quarterly earnings results on Tuesday, February 13th. The software maker reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.04. The firm had revenue of $236.61 million during the quarter, compared to analysts’ expectations of $241.78 million. Luxoft had a net margin of 6.72% and a return on equity of 17.07%. equities analysts expect that Luxoft will post 2.03 EPS for the current year.

Several large investors have recently bought and sold shares of LXFT. Vanguard Group Inc. raised its stake in shares of Luxoft by 104.6% in the second quarter. Vanguard Group Inc. now owns 7,824 shares of the software maker’s stock valued at $476,000 after acquiring an additional 4,000 shares during the last quarter. State Street Corp raised its stake in shares of Luxoft by 2.7% in the second quarter. State Street Corp now owns 20,008 shares of the software maker’s stock valued at $1,218,000 after acquiring an additional 523 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Luxoft by 52.1% in the third quarter. Legal & General Group Plc now owns 10,800 shares of the software maker’s stock valued at $516,000 after purchasing an additional 3,700 shares in the last quarter. Trexquant Investment LP increased its holdings in shares of Luxoft by 64.4% in the third quarter. Trexquant Investment LP now owns 5,663 shares of the software maker’s stock valued at $271,000 after purchasing an additional 2,218 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Luxoft by 185.5% in the third quarter. Wells Fargo & Company MN now owns 9,797 shares of the software maker’s stock valued at $468,000 after purchasing an additional 6,365 shares in the last quarter. Institutional investors own 53.97% of the company’s stock.

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Luxoft Company Profile

Luxoft Holding, Inc, together with its subsidiaries, provides software development services and IT solutions to multinational corporations primarily in Europe and the United States. It offers application software development, software architecture design, performance engineering, optimization and testing, process consulting, and software quality assurance services; functional specification and mock-up, product design, engineering, automated testing, maintenance, support, and performance engineering services; and IT strategy, software engineering process, and data security consulting services.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Luxoft (NYSE:LXFT)

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