Luxfer (LXFR) Rating Increased to Strong-Buy at ValuEngine
Luxfer (NYSE:LXFR) was upgraded by equities research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.
Other research analysts have also recently issued reports about the stock. KeyCorp set a $24.00 price target on shares of Luxfer and gave the company a “buy” rating in a research report on Tuesday, September 18th. Zacks Investment Research cut shares of Luxfer from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 18th.
LXFR stock opened at $24.26 on Friday. The company has a current ratio of 2.43, a quick ratio of 1.10 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $640.83 million, a P/E ratio of 25.54 and a beta of 0.88. Luxfer has a 1-year low of $11.96 and a 1-year high of $24.27.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Aperio Group LLC grew its position in Luxfer by 21.9% during the second quarter. Aperio Group LLC now owns 17,927 shares of the industrial products company’s stock valued at $313,000 after acquiring an additional 3,216 shares during the last quarter. TD Asset Management Inc. grew its position in Luxfer by 19.5% during the second quarter. TD Asset Management Inc. now owns 50,200 shares of the industrial products company’s stock valued at $877,000 after acquiring an additional 8,200 shares during the last quarter. Kempen Capital Management N.V. grew its position in Luxfer by 1.8% during the first quarter. Kempen Capital Management N.V. now owns 679,535 shares of the industrial products company’s stock valued at $8,698,000 after acquiring an additional 11,804 shares during the last quarter. Granite Investment Partners LLC bought a new position in Luxfer during the second quarter valued at approximately $400,000. Finally, Citadel Advisors LLC bought a new position in Luxfer during the second quarter valued at approximately $619,000. Institutional investors and hedge funds own 87.24% of the company’s stock.
Luxfer Company Profile
Luxfer Holdings PLC, a materials technology company, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas-containment devices for transportation, defense and emergency response, healthcare, and general industrial applications in Europe, North America, the Asia Pacific, and internationally.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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