Cantor Fitzgerald Initiates Coverage on Luxoft Holding Inc to Hold

Cantor Fitzgerald Initiates Coverage on Luxoft Holding Inc(NYSE:LXFT). The shares have been rated Hold. The rating by Cantor Fitzgerald was issued on Apr 12, 2016.

In a different note, Sterne Agee CRT said it Initiates Coverage on Luxoft Holding Inc, according to a research note issued on Mar 24, 2016. The shares have been rated ‘Buy’ by the firm. Cowen & Company said it Initiates Coverage on Luxoft Holding Inc, according to a research note issued on Feb 19, 2016. The shares have been rated ‘Market Perform’ by the firm. On Feb 18, 2016, Credit Suisse said it Maintains its rating on Luxoft Holding Inc. In the research note, the firm Lowers the price-target to $60.00 per share. The shares have been rated ‘Neutral’ by the firm.

Luxoft Holding Inc (LXFT) shares turned negative on Fridays trading session with the shares closing down -0.37 points or -0.66% at a volume of 2,32,192. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $56.08. The peak price level was also seen at $56.08 while the days lowest was $54.83. Finally the shares closed at $55.71. The 52-week high of the shares is $80.64 while the 52-week low is $46.85. According to the latest information available, the market cap of the company is $1,832 M.

Luxoft Holding Inc(LXFT) last announced its earnings results on Feb 11, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $171.95M. Analysts had an estimated revenue of $183.05M. Earnings per share were $0.72. Analysts had estimated an EPS of $0.86.

Luxoft Holding Inc. is a provider of software development services and information technology (IT) solutions. The Company’s software development services consist of custom software development and support product engineering and testing and technology consulting. The Company’s services ranges from handling standard outsourcing client-directed engagements to managed delivery and transformational engagements. The Company’s products include Horizon SuperCloud Twister and iStockTrack. The Company focuses on six industry verticals: financial services automotive and transport telecommunications (telecom) travel and aviation technology and energy. The Company serves multinational corporations primarily in Western Europe and North America that rely on its IT solutions and software development capabilities for many of their mission critical systems.

Leave a Reply

Luxoft Holding Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Luxoft Holding Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.