Investment analysts at Pivotal Research initiated coverage on shares of Luxoft (NYSE:LXFT) in a research report issued on Tuesday, December 5th, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $70.00 price target on the software maker’s stock. Pivotal Research’s price target points to a potential upside of 25.67% from the stock’s current price.
Several other analysts have also commented on the company. Wedbush lowered Luxoft from an “outperform” rating to a “neutral” rating and lifted their price objective for the stock from $60.80 to $67.00 in a report on Friday, August 11th. UBS Group lifted their price objective on Luxoft from $51.00 to $55.00 and gave the stock a “neutral” rating in a report on Monday, November 20th. Zacks Investment Research raised Luxoft from a “sell” rating to a “hold” rating and set a $59.00 price target for the company in a report on Thursday, November 23rd. Credit Suisse Group lowered Luxoft from a “neutral” rating to an “underperform” rating in a report on Thursday, September 7th. Finally, BidaskClub raised Luxoft from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $60.75.
Luxoft (LXFT) remained flat at $$55.70 during mid-day trading on Tuesday. The company’s stock had a trading volume of 117,429 shares, compared to its average volume of 170,147. Luxoft has a fifty-two week low of $40.15 and a fifty-two week high of $67.85. The stock has a market cap of $1,876.92, a PE ratio of 33.35 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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