Analysts at William Blair Give Luxoft Holding (NYSE:LXFT) a Downgrade

May 25, 2018 - By Clifton Ray

Luxoft Holding, Inc. (NYSE:LXFT) Logo

Luxoft Holding (NYSE:LXFT) Receives a Downgrade

In analysts note sent to investors and clients on Thursday morning, William Blair revealed that they have decided to downgrade shares of Luxoft Holding (NYSE:LXFT) to a “Hold”.

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. The firm has “Overweight” rating given on Tuesday, May 22 by KeyBanc Capital Markets. KeyBanc Capital Markets maintained the stock with “Buy” rating in Thursday, February 15 report. JP Morgan maintained it with “Overweight” rating and $65 target in Wednesday, February 14 report. The firm has “Overweight” rating by KeyBanc Capital Markets given on Tuesday, December 5. Cantor Fitzgerald upgraded Luxoft Holding, Inc. (NYSE:LXFT) on Wednesday, January 17 to “Buy” rating. Credit Suisse maintained the shares of LXFT in report on Thursday, February 15 with “Neutral” rating. The firm has “Hold” rating by Cowen & Co given on Wednesday, February 14.

The stock decreased 24.42% or $10.55 during the last trading session, reaching $32.65. About 2.98M 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: Benzinga.com which released: “Earnings Scheduled For May 24, 2018” on May 24, 2018, also Benzinga.com with their article: “42 Stocks Moving In Thursday’s Mid-Day Session” published on May 24, 2018, Fool.com published: “Why Petrobras, Whirlpool, and Luxoft Holding Slumped Today” on May 24, 2018. More interesting news about Luxoft Holding, Inc. (NYSE:LXFT) were released by: Benzinga.com and their article: “Mid-Afternoon Market Update: Crude Oil Down Over 1%; Recro Pharma Shares Slide” published on May 24, 2018 as well as Seekingalpha.com‘s news article titled: “Emerging Value Capital Management Q1 – Howard Hughes Sold, Tesla Short Closed; New Long Positions” with publication date: May 24, 2018.

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

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