Luxoft Holding (LXFT) Receives Daily News Sentiment Score of 0.12

Media coverage about Luxoft Holding (NYSE:LXFT) has been trending somewhat positive recently, Accern reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. 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 Holding earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news headlines about the software maker an impact score of 46.9481275455446 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the news headlines that may have impacted Accern’s analysis:

Shares of Luxoft Holding (NYSE LXFT) opened at 48.05 on Friday. Luxoft Holding has a 1-year low of $40.15 and a 1-year high of $67.85. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 30.07 and a beta of 1.46. The stock has a 50 day moving average price of $59.50 and a 200-day moving average price of $60.71.

Luxoft Holding (NYSE:LXFT) last released its quarterly earnings results on Monday, May 22nd. The software maker reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.05. The company had revenue of $204.10 million during the quarter, compared to analysts’ expectations of $202.30 million. Luxoft Holding had a return on equity of 18.90% and a net margin of 6.72%. The company’s revenue was up 20.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.56 EPS. Equities research analysts forecast that Luxoft Holding will post $2.88 earnings per share for the current year.

Several research firms recently commented on LXFT. UBS AG reaffirmed a “neutral” rating and set a $66.00 target price (up previously from $63.00) on shares of Luxoft Holding in a research note on Thursday, May 25th. Berenberg Bank set a $60.00 price objective on Luxoft Holding and gave the company a “buy” rating in a research note on Monday, August 14th. Cantor Fitzgerald reissued a “hold” rating and issued a $55.00 price objective on shares of Luxoft Holding in a research note on Tuesday, May 23rd. VTB Capital began coverage on Luxoft Holding in a research note on Tuesday. They issued a “buy” rating and a $65.00 price objective for the company. Finally, Cowen and Company set a $63.00 price objective on Luxoft Holding and gave the company a “buy” rating in a research note on Friday, August 11th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Luxoft Holding presently has an average rating of “Hold” and an average target price of $64.38.

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Luxoft Holding 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 Holding (NYSE:LXFT)

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