Brokerages Set $15.00 Price Target for Luxfer Holdings (LXFR)

Shares of Luxfer Holdings (NYSE:LXFR) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 12 month consensus target price of $15.00 for the company and are predicting that the company will post $0.32 earnings per share for the current quarter, according to Zacks. Zacks has also given Luxfer an industry rank of 76 out of 265 based on the ratings given to its competitors.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Luxfer from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. ValuEngine upgraded Luxfer from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd.

A number of institutional investors have recently added to or reduced their stakes in LXFR. State Street Corp boosted its position in Luxfer by 1.3% in the 2nd quarter. State Street Corp now owns 16,786 shares of the industrial products company’s stock worth $215,000 after purchasing an additional 222 shares in the last quarter. Citadel Advisors LLC purchased a new stake in Luxfer in the 3rd quarter worth approximately $173,000. Wells Fargo & Company MN boosted its position in Luxfer by 28.8% in the 3rd quarter. Wells Fargo & Company MN now owns 247,279 shares of the industrial products company’s stock worth $3,079,000 after purchasing an additional 55,240 shares in the last quarter. OxFORD Asset Management LLP purchased a new stake in Luxfer in the 3rd quarter worth approximately $450,000. Finally, Deprince Race & Zollo Inc. boosted its position in Luxfer by 14.1% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,724,650 shares of the industrial products company’s stock worth $27,249,000 after purchasing an additional 213,182 shares in the last quarter. Institutional investors and hedge funds own 80.17% of the company’s stock.

Shares of Luxfer stock opened at $14.21 on Friday. The stock has a market capitalization of $369.55, a price-to-earnings ratio of 14.96 and a beta of 0.74. The company has a quick ratio of 1.06, a current ratio of 2.03 and a debt-to-equity ratio of 0.58. Luxfer has a one year low of $10.85 and a one year high of $16.21.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 2nd. Investors of record on Friday, April 13th will be given a $0.125 dividend. The ex-dividend date is Thursday, April 12th. This represents a $0.50 dividend on an annualized basis and a yield of 3.52%. Luxfer’s dividend payout ratio is currently 52.63%.

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Luxfer Company Profile

Luxfer Holdings PLC, a materials technology company, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas-containment devices for healthcare, environmental, protection, and specialty end-markets in Europe, North America, and internationally. It operates in two segments, Gas Cylinders and Elektron.

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