Luxoft (LXFT) Rating Increased to Buy at VTB Capital

VTB Capital upgraded shares of Luxoft (NYSE:LXFT) from a hold rating to a buy rating in a research report report published on Tuesday.

LXFT has been the topic of a number of other research reports. KeyCorp lowered their target price on shares of Luxoft from $66.00 to $56.00 and set an overweight rating on the stock in a research note on Thursday, February 15th. Credit Suisse Group lowered their target price on shares of Luxoft from $50.00 to $46.00 and set a hold rating on the stock in a research note on Thursday, February 15th. Pivotal Research cut shares of Luxoft from a buy rating to a hold rating and set a $48.00 target price on the stock. in a research note on Wednesday, February 14th. Zacks Investment Research cut shares of Luxoft from a hold rating to a strong sell rating in a research note on Tuesday, February 20th. Finally, Cantor Fitzgerald upgraded shares of Luxoft from a neutral rating to an overweight rating and set a $65.00 target price on the stock in a research note on Wednesday, January 17th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. The company has an average rating of Hold and an average target price of $57.82.

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LXFT opened at $39.20 on Tuesday. Luxoft has a fifty-two week low of $39.02 and a fifty-two week high of $67.85. The firm has a market cap of $1,365.53, a P/E ratio of 18.32 and a beta of 1.64.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. GCA Investment Management LLC bought a new stake in Luxoft in the 4th quarter valued at $217,000. Trexquant Investment LP increased its holdings in Luxoft by 64.4% in the 3rd quarter. Trexquant Investment LP now owns 5,663 shares of the software maker’s stock valued at $271,000 after acquiring an additional 2,218 shares during the last quarter. Janney Capital Management LLC increased its holdings in Luxoft by 75.4% in the 3rd quarter. Janney Capital Management LLC now owns 8,898 shares of the software maker’s stock valued at $425,000 after acquiring an additional 3,825 shares during the last quarter. Brown Advisory Inc. bought a new stake in Luxoft in the 4th quarter valued at $446,000. Finally, Wells Fargo & Company MN increased its holdings in Luxoft by 185.5% in the 3rd quarter. Wells Fargo & Company MN now owns 9,797 shares of the software maker’s stock valued at $468,000 after acquiring an additional 6,365 shares during the last quarter. Institutional investors own 53.97% of the company’s stock.

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About Luxoft

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.

Analyst Recommendations for Luxoft (NYSE:LXFT)

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