Luxoft Holding, Inc. (LXFT) Given Consensus Rating of “Hold” by Brokerages

Luxoft Holding, Inc. (NYSE:LXFT) has been assigned an average recommendation of “Hold” from the ten analysts that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $59.50.

A number of equities analysts have issued reports on LXFT shares. Zacks Investment Research lowered Luxoft from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 15th. Cowen Inc reaffirmed a “buy” rating and issued a $63.00 target price on shares of Luxoft in a research report on Thursday, October 12th. BidaskClub lowered Luxoft from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Credit Suisse Group downgraded Luxoft from a “neutral” rating to an “underperform” rating in a report on Thursday, September 7th. Finally, KeyCorp reiterated a “hold” rating on shares of Luxoft in a report on Friday, November 3rd.

Luxoft (NYSE LXFT) opened at $52.80 on Monday. Luxoft has a 52-week low of $40.15 and a 52-week high of $67.85. The stock has a market capitalization of $1,168.78, a P/E ratio of 25.26 and a beta of 1.45.

Hedge funds and other institutional investors have recently modified their holdings of the company. D.A. Davidson & CO. increased its holdings in shares of Luxoft by 9.1% in the 2nd quarter. D.A. Davidson & CO. now owns 2,019 shares of the software maker’s stock valued at $122,000 after acquiring an additional 168 shares during the last quarter. Bank of America Corp DE grew its stake in Luxoft by 305.1% during the 1st quarter. Bank of America Corp DE now owns 2,228 shares of the software maker’s stock worth $139,000 after buying an additional 1,678 shares during the last quarter. Pacad Investment Ltd. grew its stake in Luxoft by 50.0% during the 2nd quarter. Pacad Investment Ltd. now owns 3,300 shares of the software maker’s stock worth $201,000 after buying an additional 1,100 shares during the last quarter. Wells Fargo & Company MN grew its stake in Luxoft by 182.0% during the 2nd quarter. Wells Fargo & Company MN now owns 3,432 shares of the software maker’s stock worth $209,000 after buying an additional 2,215 shares during the last quarter. Finally, Trexquant Investment LP bought a new position in Luxoft during the 2nd quarter worth $210,000. Institutional investors and hedge funds own 78.81% of the company’s stock.

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About Luxoft

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.

Analyst Recommendations for Luxoft (NYSE:LXFT)

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