Price Don’t Lie: Is Buying Luxoft Holding Inc Here a Winning Strategy?

Price Don't Lie: Is Buying Luxoft Holding Inc Here a Winning Strategy?

The stock of Luxoft Holding Inc (NYSE:LXFT) is a huge mover today! About 243,082 shares traded hands. Luxoft Holding Inc (NYSE:LXFT) has risen 0.02% since March 1, 2016 and is uptrending. It has underperformed by 9.22% the S&P500.
The move comes after 7 months positive chart setup for the $1.80 billion company. It was reported on Oct, 4 by Barchart.com. We have $83.99 PT which if reached, will make NYSE:LXFT worth $972.00 million more.

Analysts await Luxoft Holding Inc (NYSE:LXFT) to report earnings on November, 8. They expect $0.55 earnings per share, down 17.91% or $0.12 from last year’s $0.67 per share. LXFT’s profit will be $18.15M for 24.79 P/E if the $0.55 EPS becomes a reality. After $0.42 actual earnings per share reported by Luxoft Holding Inc for the previous quarter, Wall Street now forecasts 30.95% EPS growth.

Luxoft Holding Inc (NYSE:LXFT) Ratings Coverage

Out of 8 analysts covering Luxoft Holding (NYSE:LXFT), 4 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 50% are positive. Luxoft Holding has been the topic of 16 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The rating was maintained by Monness Crespi on Tuesday, June 28 with “Buy”. UBS maintained it with “Buy” rating and $74 target price in Friday, August 14 report. Wedbush initiated it with “Neutral” rating and $62 target price in Friday, September 9 report. As per Wednesday, September 9, the company rating was initiated by Monness Crespi & Hardt. The rating was initiated by Sterne Agee CRT with “Buy” on Thursday, March 24. On Friday, June 10 the stock rating was initiated by Berenberg with “Buy”. UBS maintained the stock with “Buy” rating in Thursday, November 12 report. The stock of Luxoft Holding Inc (NYSE:LXFT) has “Buy” rating given on Thursday, November 12 by Monness Crespi & Hardt. The company was downgraded on Tuesday, August 16 by UBS. The firm earned “Buy” rating on Monday, January 4 by Monness Crespi & Hardt.

According to Zacks Investment Research, “Luxoft Holding, Inc. offers software development services and information technology solutions. Its software development services consist of software development and support, product engineering and testing and technology consulting. The Company focuses on six industry verticals: financial services, travel and aviation, technology, telecom, automotive and transport and energy. It operates primarily in Western Europe and North America. Luxoft Holding, Inc. is based in Tortola, Virgin Islands.”

More notable recent Luxoft Holding Inc (NYSE:LXFT) news were published by: Seekingalpha.com which released: “Luxoft: Premier High-End Software Developer With Endless Demand” on October 04, 2016, also Fool.com with their article: “Why Luxoft Holding Inc. Stock Dropped Today” published on June 24, 2016, Fool.com published: “Why Luxoft Holding Inc. Stock Popped Today” on May 13, 2016. More interesting news about Luxoft Holding Inc (NYSE:LXFT) were released by: Marketwatch.com and their article: “Luxoft stock price target cut to $53 from $63 at UBS” published on June 29, 2013 as well as Fool.com‘s news article titled: “Luxoft Holding, Inc. Demonstrates Resilience in a Tough Market” with publication date: February 12, 2016.

LXFT Company Profile

Luxoft Holding, Inc. (Luxoft), incorporated on March 7, 2006, is a well-known provider of software development services and information technology (IT) solutions to a client base consisting of multinational firms. The Company’s software development services consist of custom software development and support, product engineering and testing, and technology consulting. The Company’s products and platforms include Horizon, SuperCloud, Twister, iStockTrack, TEORA, Populus, AllView, CVNAR and Retail Engagement Suite (RES) in Internet of Things (IoT) space. The Company’s advisory, platform architecture selection and packaged software services include consulting and implementation of Murex and Open Link, technology consulting, and in-house products and platforms. The Firm is focused on over six industry verticals, including financial services; automotive and transport; telecommunications; travel and aviation; technology, and energy. The Firm operates in the United States, Romania, the United Kingdom, Switzerland, Russia, Poland, Ukraine, Luxembourg, Germany and Cyprus.

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