Somewhat Positive News Coverage Somewhat Unlikely to Affect Luxoft (LXFT) Share Price

Media stories about Luxoft (NYSE:LXFT) have been trending somewhat positive on Sunday, Accern reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog 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 earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned news headlines about the software maker an impact score of 48.4063333057699 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the news headlines that may have effected Accern Sentiment’s rankings:

LXFT has been the topic of a number of recent analyst reports. Pivotal Research initiated coverage on shares of Luxoft in a research note on Tuesday, December 5th. They set a “buy” rating and a $70.00 price target on the stock. Cowen reaffirmed a “buy” rating and set a $63.00 price target on shares of Luxoft in a research note on Thursday, October 12th. BidaskClub raised shares of Luxoft from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. KeyCorp reissued a “hold” rating on shares of Luxoft in a research report on Thursday, September 28th. Finally, Cantor Fitzgerald reissued a “hold” rating and issued a $47.00 price objective on shares of Luxoft in a research report on Friday, November 17th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $60.75.

Shares of Luxoft (LXFT) opened at $57.15 on Friday. Luxoft has a 52-week low of $40.15 and a 52-week high of $67.85. The stock has a market cap of $1,920.00, a price-to-earnings ratio of 34.22 and a beta of 1.48.

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Luxoft 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.

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