Is Luxoft Holding (NYSE:LXFT) Now a Sell? How Analysts Rate it and Why William Blair Downgraded The Stock

May 25, 2018 - By Michael Collier

Luxoft Holding, Inc. (NYSE:LXFT) Logo

Luxoft Holding (NYSE:LXFT) Receives a Downgrade

Market activity behind shares of Luxoft Holding (NYSE:LXFT) will likely interesting today as William Blair lowered the stock to a “Hold” rating.

Luxoft Holding, Inc. (NYSE:LXFT) Ratings Coverage

Among 6 analysts covering Luxoft Holding (NYSE:LXFT), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Luxoft Holding has $70.0 highest and $46 lowest target. $58.17’s average target is 78.16% above currents $32.65 stock price. Luxoft Holding had 8 analyst reports since December 5, 2017 according to SRatingsIntel. As per Tuesday, December 5, the company rating was upgraded by KeyBanc Capital Markets. The stock has “Buy” rating by Cantor Fitzgerald on Wednesday, January 17. The firm earned “Overweight” rating on Wednesday, February 14 by JP Morgan. KeyBanc Capital Markets maintained Luxoft Holding, Inc. (NYSE:LXFT) on Tuesday, May 22 with “Overweight” rating. The firm earned “Hold” rating on Wednesday, February 14 by Cowen & Co. The rating was maintained by KeyBanc Capital Markets with “Buy” on Thursday, February 15. The stock of Luxoft Holding, Inc. (NYSE:LXFT) has “Neutral” rating given on Thursday, February 15 by Credit Suisse.

The stock decreased 24.42% or $10.55 during the last trading session, reaching $32.65. About 2.98 million shares traded or 1249.72% up from the average. Luxoft Holding, Inc. (NYSE:LXFT) has declined 31.27% since May 25, 2017 and is downtrending. It has underperformed by 42.82% the S&P500.

Luxoft Holding, Inc., together with its subsidiaries, provides software development services and IT solutions to multinational firms primarily in Europe and the United States. The company has market cap of $1.09 billion. It offers application software development, software architecture design, performance engineering, optimization and testing, process consulting, and software quality assurance services; functional specification and mock-up, product design, engineering, automated testing, maintenance, support, and performance engineering services; and IT strategy, software engineering process, and data security consulting services. It has a 18.97 P/E ratio. The companyÂ’s products and platforms include Teora, a suite of developer tools designed to enable automotive human machine interface developers build the logic of their user interface; Populus, a tool chain for HMI design and development, and the deployment of automotive user interfaces for distributed embedded systems; and AllView, a user-experience demonstrator that links instrument cluster, head unit, head-up display, and mobile devices.

More notable recent Luxoft Holding, Inc. (NYSE:LXFT) news were published by: Digitaljournal.com which released: “NYSE:LXFT Shareholder Notice: Investigation over Possible Securities Laws Violations by Luxoft Holding, Inc” on April 26, 2018, also Fool.com with their article: “Why Petrobras, Whirlpool, and Luxoft Holding Slumped Today” published on May 24, 2018, Investingnews.com published: “Harvest Rebalances Blockchain ETF” on May 23, 2018. More interesting news about Luxoft Holding, Inc. (NYSE:LXFT) were released by: Benzinga.com and their article: “Earnings Scheduled For May 24, 2018” published on May 24, 2018 as well as Benzinga.com‘s news article titled: “42 Stocks Moving In Thursday’s Mid-Day Session” with publication date: May 24, 2018.

Luxoft Holding, Inc. (NYSE:LXFT) Ratings Chart

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