Luxoft (LXFT) Earning Somewhat Positive Media Coverage, Report Shows

Headlines about Luxoft (NYSE:LXFT) have trended somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Luxoft earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned headlines about the software maker an impact score of 45.7761067149854 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the headlines that may have effected Accern’s scoring:

Luxoft (NYSE LXFT) opened at $52.95 on Thursday. Luxoft has a 12-month low of $40.15 and a 12-month high of $67.85. The stock has a market cap of $1,703.38, a PE ratio of 24.19 and a beta of 1.48.

A number of brokerages have recently weighed in on LXFT. KeyCorp raised shares of Luxoft from a “sector weight” rating to an “overweight” rating in a research note on Tuesday. Pivotal Research began coverage on shares of Luxoft in a research note on Tuesday. They set a “buy” rating and a $70.00 target price on the stock. Zacks Investment Research raised shares of Luxoft from a “sell” rating to a “hold” rating and set a $59.00 target price on the stock in a research note on Thursday, November 23rd. UBS lifted their price target on shares of Luxoft from $51.00 to $55.00 and gave the company a “neutral” rating in a research report on Monday, November 20th. Finally, Cantor Fitzgerald reissued a “hold” rating and set a $47.00 price target on shares of Luxoft in a research report on Friday, November 17th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. Luxoft has a consensus rating of “Hold” and an average target price of $60.75.

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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.

Insider Buying and Selling by Quarter for Luxoft (NYSE:LXFT)

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