In a report released yesterday, Charles Brennan from Credit Suisse maintained a Hold rating on Luxoft Holding (LXFT), with a price target of $38. The company’s shares closed yesterday at $33.30, close to its 52-week low of $31.50.
According to TipRanks.com, Brennan is ranked #1816 out of 4891 analysts.
The word on The Street in general, suggests a Hold analyst consensus rating for Luxoft Holding with a $47 average price target, which is a 41.1% upside from current levels. In a report released yesterday, Wedbush also maintained a Hold rating on the stock with a $40 price target.
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Based on Luxoft Holding’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $4.7 million. In comparison, last year the company had a net profit of $18.44 million.
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Luxoft Holding, Inc. engages in the provision of software development and information technology solutions. It operates through the following geographical segments: North America, Europe (excl. UK), United Kingdom, Russia, Asia-Pacific (APAC), and Other. The company was founded in March 2000 and is headquartered in Zug, Switzerland.
