Luxoft Holding, Inc. (NYSE:LXFT) Stock Rating Reaffirmed by Cowen and Company

Luxoft Holding

Luxoft Holding

Press coverage about Luxoft Holding (NYSE:LXFT) has trended somewhat positive on Friday, Accern Sentiment Analysis reports. Accern also assigned headlines about the software maker an impact score of 46.9481275455446 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the near future.

Morgan Stanley raised its investment in Luxoft Holding, Inc. The firm owned 7,824 shares of the software maker's stock after buying an additional 4,000 shares during the period. Comgest Global Investors S.A.S. boosted its stake in Luxoft Holding by 43.1% in the first quarter. Comgest Global Investors S.A.S. now owns 238,500 shares of the software maker's stock valued at $14,918,000 after buying an additional 71,800 shares during the period. Oxford Asset Management purchased a new position in shares of Luxoft Holding during the first quarter worth approximately $1,654,000. State Street Corp raised its stake in shares of Luxoft Holding by 350.7% in the fourth quarter. Parametric Portfolio Associates LLC now owns 58,910 shares of the software maker's stock worth $3,685,000 after buying an additional 20,396 shares during the period. Luxoft Holding Inc (NYSE:LXFT) has risen 10.58% since August 11, 2016 and is uptrending.

Luxoft Holding, Inc. (LXFT) stock marked a gap of -10.39% off its 52 week- peak price value and pointed turn of 26.14% from its 52 week-bottom price value.

The company is trading down by -24.63% since yesterday's close of $60.9. Luxoft Holding, Inc. The company has a 50-day moving average price of $61.42 and a 200 day moving average price of $61.13.

The P/E ratio is now 25.340 and the market value is 1.56B. The stock of Luxoft Holding Inc (NYSE:LXFT) has "Buy" rating given on Wednesday, September 9 by Monness Crespi & Hardt.

LXFT has been the topic of a number of analyst reports. The firm had revenue of $204.10 million during the quarter, compared to analysts' expectations of $202.30 million. Luxoft Holding had a return on equity of 21.06% and a net margin of 7.97%. During the same quarter previous year, the company earned $0.56 EPS. Equities analysts forecast that Luxoft Holding, Inc. will post $3.39 EPS for the current fiscal year.

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A number of brokerages recently commented on LXFT. BidaskClub lowered Luxoft Holding from a hold rating to a sell rating in a research report on Saturday, August 5th. Cowen & Co initiated the shares of LXFT in report on Friday, February 19 with "Market Perform" rating. Cowen and Company set a $68.00 target price on Luxoft Holding and gave the company a buy rating in a research report on Friday, June 16th. Cantor Fitzgerald reiterated a "hold" rating and issued a $55.00 price target on shares of Luxoft Holding in a report on Tuesday, May 23rd. (NYSE:SKX), 13 have Buy rating, 0 Sell and 4 Hold. The stock presently has a consensus rating of Hold and an average target price of $65.00.

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.

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