News stories about Luxoft (NYSE:LXFT) have been trending somewhat positive this week, according to Accern. Accern scores the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Luxoft earned a news impact score of 0.11 on Accern’s scale. Accern also assigned press coverage about the software maker an impact score of 48.4063333057699 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
Luxoft (NYSE:LXFT) traded down $1.75 during midday trading on Monday, reaching $52.95. 175,796 shares of the company’s stock traded hands, compared to its average volume of 240,587. Luxoft has a fifty-two week low of $40.15 and a fifty-two week high of $67.85. The stock has a market capitalization of $1,840.00, a price-to-earnings ratio of 32.78 and a beta of 1.41.
Luxoft (NYSE:LXFT) last released its quarterly earnings results on Thursday, November 16th. The software maker reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.13. Luxoft had a net margin of 6.72% and a return on equity of 17.81%. equities research analysts anticipate that Luxoft will post 2.18 earnings per share for the current fiscal year.
Several equities analysts recently issued reports on LXFT shares. Cowen reissued a “buy” rating and set a $63.00 price objective on shares of Luxoft in a report on Thursday, October 12th. BidaskClub raised shares of Luxoft from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. KeyCorp reissued a “hold” rating on shares of Luxoft in a report on Friday, November 3rd. Zacks Investment Research lowered shares of Luxoft from a “hold” rating to a “strong sell” rating in a report on Wednesday, November 15th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $47.00 price target on shares of Luxoft in a report on Friday, November 17th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Luxoft has an average rating of “Hold” and an average target price of $63.00.
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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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