Pivotal Research analyst Louis Miscioscia assigned a Hold rating to Luxoft Holding (NYSE: LXFT) yesterday and set a price target of $35. The company’s shares closed yesterday at $32.65, close to its 52-week low of $32.
According to TipRanks.com, Miscioscia is ranked #3896 out of 4810 analysts.
Currently, the analyst consensus on Luxoft Holding is Strong Buy and the average price target is $46.75, representing a 43.2% upside.
In a report released yesterday, William Blair also downgraded the stock to Hold.
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Luxoft Holding’s market cap is currently $1.1B and has a P/E ratio of 18.98. The company has a Price to Book ratio of 2.43.
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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: USA, UK, Germany, Russia, Switzerland, Poland, Romania, Singapore, Rest of Europe, and Other. The firm offers software support, product engineering and testing, and technology consulting.
