Luxoft Holding, Inc. (NYSE:LXFT) has earned an average rating of “Hold” from the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $65.14.

LXFT has been the subject of several recent research reports. Zacks Investment Research cut Luxoft Holding from a “hold” rating to a “sell” rating in a research report on Friday, May 26th. Berenberg Bank set a $60.00 price target on Luxoft Holding and gave the company a “buy” rating in a research report on Monday, August 14th. UBS AG reiterated a “neutral” rating and issued a $66.00 price target (up from $63.00) on shares of Luxoft Holding in a research report on Thursday, May 25th. Cantor Fitzgerald reiterated a “hold” rating and issued a $55.00 price target on shares of Luxoft Holding in a research report on Tuesday, May 23rd. Finally, Cowen and Company set a $68.00 price target on Luxoft Holding and gave the company a “buy” rating in a research report on Friday, June 16th.

Luxoft Holding (LXFT) opened at 48.05 on Friday. The firm has a 50-day moving average price of $59.50 and a 200-day moving average price of $60.71. Luxoft Holding has a one year low of $40.15 and a one year high of $67.85. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 30.07 and a beta of 1.46.

Luxoft Holding (NYSE:LXFT) last announced its quarterly earnings results on Monday, May 22nd. The software maker reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.05. The company had revenue of $204.10 million during the quarter, compared to analysts’ expectations of $202.30 million. Luxoft Holding had a net margin of 6.72% and a return on equity of 18.90%. Luxoft Holding’s revenue for the quarter was up 20.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.56 earnings per share. Analysts expect that Luxoft Holding will post $2.88 EPS for the current year.

A number of institutional investors have recently bought and sold shares of LXFT. Morgan Stanley boosted its position in Luxoft Holding by 6.5% in the first quarter. Morgan Stanley now owns 2,623,017 shares of the software maker’s stock valued at $164,070,000 after buying an additional 159,716 shares during the last quarter. FMR LLC boosted its position in Luxoft Holding by 5.4% in the second quarter. FMR LLC now owns 2,058,143 shares of the software maker’s stock valued at $125,239,000 after buying an additional 105,039 shares during the last quarter. Wasatch Advisors Inc. boosted its position in Luxoft Holding by 5.3% in the second quarter. Wasatch Advisors Inc. now owns 1,645,647 shares of the software maker’s stock valued at $100,138,000 after buying an additional 82,333 shares during the last quarter. Prudential PLC boosted its position in Luxoft Holding by 2.4% in the second quarter. Prudential PLC now owns 782,042 shares of the software maker’s stock valued at $47,587,000 after buying an additional 18,476 shares during the last quarter. Finally, Standard Life Investments LTD boosted its position in Luxoft Holding by 153.9% in the second quarter. Standard Life Investments LTD now owns 330,669 shares of the software maker’s stock valued at $20,114,000 after buying an additional 200,442 shares during the last quarter. Institutional investors and hedge funds own 94.78% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This report was first reported by Daily Political and is owned by of Daily Political. If you are viewing this report on another domain, it was copied illegally and reposted in violation of United States & international trademark and copyright laws. The legal version of this report can be accessed at https://www.dailypolitical.com/2017/08/19/luxoft-holding-inc-lxft-given-consensus-recommendation-of-hold-by-brokerages.html.

About Luxoft Holding

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 Holding (NYSE:LXFT)

Receive News & Ratings for Luxoft Holding Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Luxoft Holding Inc. and related companies with MarketBeat.com's FREE daily email newsletter.