Luxoft Holding (LXFT) Receiving Somewhat Positive News Coverage, Analysis Shows
News headlines about Luxoft Holding (NYSE:LXFT) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Luxoft Holding earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned media stories about the software maker an impact score of 45.6300940727736 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have effected Accern’s scoring:
- Strong Earnings Fuel Emerging Markets Rally (seekingalpha.com)
- Contrasting QAD (QADB) and Luxoft Holding (LXFT) (americanbankingnews.com)
- MicroStrategy (MSTR) versus Luxoft Holding (LXFT) Financial Contrast (americanbankingnews.com)
- Hartwell JM Limited Partnership Sells A Little More Luxoft Holding, Inc. Class A Or (LXFT) Stock In The Last Quarter – First News 24 (firstnewspaper24.com)
- Luxoft Holding, Inc. (LXFT) Earns “Buy” Rating from Cowen and Company (americanbankingnews.com)
Shares of Luxoft Holding (LXFT) traded up 0.10% on Tuesday, reaching $48.55. 125,152 shares of the company were exchanged. The stock has a 50 day moving average of $48.03 and a 200-day moving average of $57.78. The company has a market capitalization of $1.63 billion, a P/E ratio of 30.38 and a beta of 1.48. Luxoft Holding has a 52-week low of $40.15 and a 52-week high of $67.85.
LXFT has been the topic of a number of analyst reports. Credit Suisse Group cut Luxoft Holding from a “neutral” rating to an “underperform” rating in a research report on Thursday, September 7th. Zacks Investment Research cut Luxoft Holding from a “buy” rating to a “strong sell” rating in a research report on Wednesday, August 16th. BidaskClub cut Luxoft Holding from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Wedbush cut Luxoft Holding from an “outperform” rating to a “neutral” rating and raised their target price for the company from $60.80 to $67.00 in a research report on Friday, August 11th. Finally, Cowen and Company set a $63.00 target price on Luxoft Holding and gave the company a “buy” rating in a research report on Friday, August 11th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $65.14.
Luxoft Holding 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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