Several brokerages have updated their recommendations and price targets on shares of Luxoft Holding (NYSE: LXFT) in the last few weeks:

  • 11/16/2016 – Luxoft Holding was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Luxoft Holding, Inc. offers software development services and information technology solutions. Its software development services consist of software development and support, product engineering and testing and technology consulting. The Company focuses on six industry verticals: financial services, travel and aviation, technology, telecom, automotive and transport and energy. It operates primarily in Western Europe and North America. Luxoft Holding, Inc. is based in Tortola, Virgin Islands. “
  • 11/11/2016 – Luxoft Holding had its “buy” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $80.00 price target on the stock.
  • 11/9/2016 – Luxoft Holding was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Luxoft Holding, Inc. offers software development services and information technology solutions. Its software development services consist of software development and support, product engineering and testing and technology consulting. The Company focuses on six industry verticals: financial services, travel and aviation, technology, telecom, automotive and transport and energy. It operates primarily in Western Europe and North America. Luxoft Holding, Inc. is based in Tortola, Virgin Islands. “
  • 11/9/2016 – Luxoft Holding had its “hold” rating reaffirmed by analysts at Pacific Crest.
  • 10/12/2016 – Luxoft Holding was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $59.00 price target on the stock. According to Zacks, “Luxoft Holding, Inc. offers software development services and information technology solutions. Its software development services consist of software development and support, product engineering and testing and technology consulting. The Company focuses on six industry verticals: financial services, travel and aviation, technology, telecom, automotive and transport and energy. It operates primarily in Western Europe and North America. Luxoft Holding, Inc. is based in Tortola, Virgin Islands. “

Shares of Luxoft Holding Inc. (NYSE:LXFT) traded up 1.02% during midday trading on Wednesday, reaching $54.65. 140,077 shares of the company traded hands. The firm has a market capitalization of $1.81 billion, a PE ratio of 29.52 and a beta of 1.55. The stock has a 50 day moving average price of $52.50 and a 200 day moving average price of $54.73. Luxoft Holding Inc. has a 1-year low of $46.58 and a 1-year high of $80.64.

Luxoft Holding, Inc is a provider of software development services and information technology solutions to a client base consisting of multinational corporations. The Company’s software development services consist of custom software development and support, product engineering and testing, and technology consulting.

5 Day Chart for NYSE:LXFT

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