Somewhat Positive Press Coverage Somewhat Unlikely to Impact Luxoft Holding (NYSE:LXFT) Share Price

Media headlines about Luxoft Holding (NYSE:LXFT) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Luxoft Holding earned a coverage optimism score of 0.19 on Accern’s scale. Accern also gave news headlines about the software maker an impact score of 45.5165002771586 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

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

Shares of Luxoft Holding (LXFT) opened at 48.30 on Thursday. Luxoft Holding has a 52 week low of $40.15 and a 52 week high of $67.85. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 30.23 and a beta of 1.50. The firm has a 50 day moving average price of $53.72 and a 200 day moving average price of $59.62.

A number of equities research analysts have commented on the company. Credit Suisse Group cut Luxoft Holding from a “neutral” rating to an “underperform” rating in a research note on Thursday, September 7th. Zacks Investment Research lowered Luxoft Holding from a “buy” rating to a “strong sell” rating in a report on Wednesday, August 16th. VTB Capital initiated coverage on Luxoft Holding in a report on Tuesday, August 15th. They issued a “buy” rating and a $65.00 target price on the stock. Berenberg Bank set a $60.00 price target on Luxoft Holding and gave the stock a “buy” rating in a report on Monday, August 14th. Finally, Cowen and Company set a $63.00 price target on Luxoft Holding and gave the stock a “buy” rating in a report on Friday, August 11th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $64.38.

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Luxoft Holding 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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