Media stories about Luxoft (NYSE:LXFT) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Luxoft earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned news stories about the software maker an impact score of 48.4063333057699 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the media headlines that may have effected Accern Sentiment’s analysis:

Shares of Luxoft (NYSE LXFT) opened at $57.15 on Friday. The firm has a market cap of $1,920.00, a price-to-earnings ratio of 34.22 and a beta of 1.48. Luxoft has a fifty-two week low of $40.15 and a fifty-two week high of $67.85.

LXFT has been the subject of a number of recent analyst reports. KeyCorp reaffirmed a “hold” rating on shares of Luxoft in a report on Thursday, September 28th. Cowen reaffirmed a “buy” rating and set a $63.00 price target on shares of Luxoft in a report on Thursday, October 12th. BidaskClub raised shares of Luxoft from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Zacks Investment Research lowered shares of Luxoft from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 15th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and set a $47.00 price target on shares of Luxoft in a report on Friday, November 17th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $60.75.

COPYRIGHT VIOLATION NOTICE: This story was published by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another publication, it was copied illegally and reposted in violation of US and international copyright and trademark law. The correct version of this story can be accessed at https://www.watchlistnews.com/somewhat-favorable-news-coverage-somewhat-unlikely-to-affect-luxoft-lxft-stock-price/1806587.html.

Luxoft 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.

Insider Buying and Selling by Quarter for Luxoft (NYSE:LXFT)

Receive News & Ratings for Luxoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Luxoft and related companies with Analyst Ratings Network's FREE daily email newsletter.