Zacks Research Upgrades Luxfer (NYSE:LXFR) to Strong-Buy

Luxfer (NYSE:LXFR) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

A number of other research analysts have also commented on LXFR. Weiss Ratings reiterated a “hold (c)” rating on shares of Luxfer in a research note on Monday, March 23rd. Freedom Capital upgraded shares of Luxfer to a “strong-buy” rating in a research note on Thursday, May 21st. Finally, Wall Street Zen upgraded shares of Luxfer from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 23rd. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Luxfer Stock Up 2.4%

Shares of LXFR stock opened at $17.11 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.75. The firm’s 50-day moving average is $13.81 and its 200-day moving average is $13.77. The stock has a market cap of $462.01 million, a price-to-earnings ratio of 77.75, a PEG ratio of 2.17 and a beta of 1.10. Luxfer has a 52-week low of $11.15 and a 52-week high of $17.18.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in LXFR. State of Alaska Department of Revenue acquired a new position in shares of Luxfer during the 4th quarter worth approximately $26,000. Raymond James Financial Inc. acquired a new position in shares of Luxfer during the 2nd quarter worth approximately $29,000. EverSource Wealth Advisors LLC grew its position in shares of Luxfer by 63.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,793 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 1,083 shares in the last quarter. LSV Asset Management acquired a new position in shares of Luxfer during the 4th quarter worth approximately $85,000. Finally, Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Luxfer during the 4th quarter worth approximately $101,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

About Luxfer

Luxfer Gas Cylinders, trading as Luxfer (NYSE: LXFR), is a global manufacturer specializing in high-performance, lightweight gas cylinders. The company produces both aluminium and composite cylinders designed to store and transport high-pressure gases for industrial, medical, diving, firefighting and defense applications. Its portfolio includes seamless aluminium cylinders, wrapped composite cylinders and pressure vessel components tailored to meet stringent safety and performance standards.

Founded on more than a century of materials expertise originating from the Luxfer Graphic Magnesium Company established in 1898, Luxfer has evolved into a leader in cylinder innovation.