Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Luxoft (LXFT) Share Price
News coverage about Luxoft (NYSE:LXFT) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Luxoft earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the software maker an impact score of 45.8439390428184 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.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Luxoft Holding, Inc. (LXFT) Expected to Earn Q3 2018 Earnings of $0.59 Per Share (americanbankingnews.com)
- Guardian Capital LP Raised Luxoft Hldg (LXFT) Stake By $390000; El Pollo Loco Holdings, Inc. (LOCO) Covered By 4 … – Hill Country Times (hillcountrytimes.com)
- KeyBanc Gives Luxoft Holding (LXFT) $66.0 Target; Shorts at Shake Shack (SHAK) Raised By 13.98% – Hill Country Times (hillcountrytimes.com)
- This Analyst Let Go Of Luxoft Misgivings And Issued An Upgrade – Benzinga (benzinga.com)
- Pivotal Research Initiates Coverage on Luxoft (LXFT) (americanbankingnews.com)
Shares of Luxoft (NYSE:LXFT) opened at $55.10 on Tuesday. The firm has a market cap of $1,790.99, a price-to-earnings ratio of 25.43 and a beta of 1.48. Luxoft has a 12-month low of $40.15 and a 12-month high of $67.85.
LXFT has been the topic of several recent research reports. Pivotal Research initiated coverage on shares of Luxoft in a report on Tuesday, December 5th. They set a “buy” rating and a $70.00 target price on the stock. UBS increased their target price on shares of Luxoft from $51.00 to $55.00 and gave the company a “neutral” rating in a report on Monday, November 20th. Zacks Investment Research raised shares of Luxoft from a “sell” rating to a “hold” rating and set a $59.00 target price on the stock in a report on Thursday, November 23rd. Berenberg Bank set a $60.00 target price on shares of Luxoft and gave the company a “buy” rating in a report on Monday, August 14th. Finally, BidaskClub lowered shares of Luxoft from a “hold” rating to a “sell” rating in a report on Friday, October 27th. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $60.75.
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.
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