Luxoft (LXFT) Getting Somewhat Favorable News Coverage, Study Shows

News coverage about Luxoft (NYSE:LXFT) has trended somewhat positive on Monday, Accern reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Luxoft earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave news headlines about the software maker an impact score of 46.1870313773203 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

These are some of the headlines that may have effected Accern Sentiment’s scoring:

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A number of analysts have recently weighed in on the stock. KeyCorp reduced their price target 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. JPMorgan Chase reduced 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 lowered shares of Luxoft from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $63.00 to $50.00 in a research note on Wednesday, February 14th. Pivotal Research lowered 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, VTB Capital raised shares of Luxoft from a “hold” rating to a “buy” rating in a research note on Tuesday, April 3rd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $57.82.

LXFT stock opened at $39.20 on Monday. Luxoft has a 12 month low of $39.03 and a 12 month high of $67.85. The company has a market cap of $1,326.61, 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 EPS for the quarter, beating the consensus estimate of $0.63 by $0.04. Luxoft had a net margin of 6.72% and a return on equity of 17.07%. The business had revenue of $236.61 million during the quarter, compared to analyst estimates of $241.78 million. equities analysts predict that Luxoft will post 2.03 EPS for the current year.

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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.

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