Luxfer (NYSE:LXFR) Raised to “Buy” at Wall Street Zen

Luxfer (NYSE:LXFR) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Other analysts have also recently issued reports about the company. Weiss Ratings reissued a “hold (c)” rating on shares of Luxfer in a report on Monday, March 23rd. Zacks Research raised Luxfer from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Luxfer Stock Performance

Shares of LXFR stock opened at $15.35 on Friday. The business’s 50 day moving average is $12.74 and its two-hundred day moving average is $13.40. Luxfer has a twelve month low of $10.67 and a twelve month high of $16.02. The company has a market capitalization of $418.09 million, a P/E ratio of 69.78, a price-to-earnings-growth ratio of 2.19 and a beta of 1.10. The company has a current ratio of 1.75, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

Hedge Funds Weigh In On Luxfer

A number of institutional investors have recently made changes to their positions in LXFR. AQR Capital Management LLC raised its holdings in shares of Luxfer by 1.9% in the first quarter. AQR Capital Management LLC now owns 257,371 shares of the industrial products company’s stock worth $3,052,000 after acquiring an additional 4,772 shares during the last quarter. Jane Street Group LLC grew its position in shares of Luxfer by 115.0% in the first quarter. Jane Street Group LLC now owns 46,689 shares of the industrial products company’s stock valued at $554,000 after purchasing an additional 24,969 shares during the period. Franklin Resources Inc. grew its position in shares of Luxfer by 20.5% in the second quarter. Franklin Resources Inc. now owns 19,199 shares of the industrial products company’s stock valued at $234,000 after purchasing an additional 3,268 shares during the period. Marshall Wace LLP grew its position in shares of Luxfer by 0.9% in the second quarter. Marshall Wace LLP now owns 172,736 shares of the industrial products company’s stock valued at $2,104,000 after purchasing an additional 1,570 shares during the period. Finally, Qube Research & Technologies Ltd grew its position in shares of Luxfer by 58.9% in the second quarter. Qube Research & Technologies Ltd now owns 133,343 shares of the industrial products company’s stock valued at $1,624,000 after purchasing an additional 49,419 shares during the period. 90.82% of the stock is owned by institutional investors and hedge funds.

Luxfer Company Profile

Luxfer Gas Cylinders, trading as Luxfer (NYSE: LXFR), is a global manufacturer specializing in high-performance, lightweight gas cylinders. The company produces both aluminium and composite cylinders designed to store and transport high-pressure gases for industrial, medical, diving, firefighting and defense applications. Its portfolio includes seamless aluminium cylinders, wrapped composite cylinders and pressure vessel components tailored to meet stringent safety and performance standards.

Founded on more than a century of materials expertise originating from the Luxfer Graphic Magnesium Company established in 1898, Luxfer has evolved into a leader in cylinder innovation.