Luxoft Holding, Inc. (LXFT) Updates FY18 Earnings Guidance

Luxoft Holding

Luxoft Holding

Shares of the company are trading at $45.90 which is significantly lower than the 50 day moving average which is $61.88 and significantly below the 200 day moving average of $61.22. (NYSE:LXFT) in a research note published on Friday morning.

The P/E ratio is now 25.340 and the market value is 1.56B. The 50 day moving average was down $-15.26 or -24.654% and the 200 day average moved down $-14.59.

Luxoft Holding (NYSE:LXFT) last issued its earnings results on Monday, May 22nd. (LXFT) on Thursday reported fiscal first-quarter net income of $6.3 million. The firm had revenue of $204.10 million during the quarter, compared to the consensus estimate of $202.30 million.

A total of 10 equity analysts have released a report on Luxoft Holding. The business's revenue was up 20.6% compared to the same quarter previous year. The company's revenue for the quarter was up 20.6% compared to the same quarter a year ago.

A number of brokerages recently commented on LXFT. BidaskClub downgraded Luxoft Holding from a "hold" rating to a "sell" rating in a report on Saturday, August 5th. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share. Cantor Fitzgerald reaffirmed a "hold" rating and issued a $55.00 price objective on shares of Luxoft Holding in a research note on Tuesday, May 23rd. Cowen and Company raised their price target on shares of Luxoft Holding from $65.00 to $68.00 and gave the company an "outperform" rating in a research report on Wednesday, May 24th. Finally, Wedbush lowered Luxoft Holding from an "outperform" rating to a "neutral" rating and increased their price objective for the company from $60.80 to $67.00 in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The stock now has a consensus rating of "Hold" and an average target price of $65.83. Luxoft Holding, Inc. has a 52 week low of $40.15 and a 52 week high of $67.85. "(NYSE:LXFT)" was first reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece of content on another publication, it was illegally stolen and reposted in violation of USA & global copyright and trademark law. The original version of this news story can be viewed at https://sportsperspectives.com/2017/08/12/janney-capital-management-llc-has-308000-stake-in-luxoft-holding-inc-nyselxft-updated.html.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Clinton Group Inc. increased its position in shares of Luxoft Holding by 20.2% in the first quarter.

Press coverage about Luxoft Holding (NYSE:LXFT) has trended somewhat positive on Friday, Accern Sentiment Analysis reports. Clinton Group Inc. now owns 9,045 shares of the software maker's stock worth $566,000 after buying an additional 1,522 shares during the period. The stock of Luxoft Holding Inc (NYSE:LXFT) has "Buy" rating given on Tuesday, July 28 by UBS. Investors of this company earned a return of 13.10% on the assets it owns in past twelve month.

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