Luxoft Holding Inc (NYSE:LXFT) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: January 11, 2017
Boasting a price of $59.69, Luxoft Holding Inc (NYSE:LXFT) traded 0.42% higher on the day. With the last close up 11.75% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.05% over the date range. Luxoft Holding Inc has recorded a 50-day average of $55.41 and a two hundred day average of $53.56. Volume of trade was down over the average, with 92,603 shares of LXFT changing hands under the typical 219,973
Zacks Investment Research has upgraded Luxoft Holding Inc (NYSE:LXFT) to Hold in a statement released on 1/12/2017.
On 1/06/2017, Wedbush released a statement on Luxoft Holding Inc (NYSE:LXFT) bumped up the target price from $62.00 to $67.00 that suggested an upside of 0.15%.
With a total market value of $0, Luxoft Holding Inc has price-earnings ratio of 32.33 with a one year low of $46.58 and a one year high of $77.28 .
A total of 10 analysts have released a research note on LXFT. Five analysts rating the company a strong buy, four analysts rating the company a buy, four analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $68.39.
More About Luxoft Holding Inc (NYSE:LXFT)
Luxoft Holding, Inc. is a provider of software development services and information technology solutions to a client base consisting of multinational corporations. The Company's software development services consist of custom software development and support, product engineering and testing, and technology consulting. Its products and platforms include Horizon, SuperCloud, Twister, iStockTrack, TEORA, Populus, AllView, CVNAR and Retail Engagement Suite (RES) in Internet of Things (IoT) space. Its advisory, platform architecture selection and packaged software services include consulting and implementation of Murex and Open Link, technology consulting, and in-house products and platforms. It is focused on over six industry verticals, including financial services; automotive and transport; telecommunications; travel and aviation; technology, and energy. It operates in the United States, Romania, the United Kingdom, Switzerland, Russia, Poland, Ukraine, Luxembourg, Germany and Cyprus.
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