Pivotal Research analyst Louis Miscioscia maintained a Hold rating on Luxoft Holding (NYSE: LXFT) on June 1 and set a price target of $35. The company’s shares opened today at $35.60, close to its 52-week low of $31.50.
Miscioscia commented:
“We keep our numbers where they are, FY19 revenue of $908m, flat YY (was $1.00b) and EPS of $1.95 (was $3.02). Our PT remains $35, ~17x our FY19E, and we keep our HOLD rtg.”
According to TipRanks.com, Miscioscia is ranked #3694 out of 4817 analysts.
Currently, the analyst consensus on Luxoft Holding is Moderate Buy and the average price target is $44.40, representing a 24.7% upside.
In a report released today, Credit Suisse also upgraded the stock to Hold with a $35 price target.
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Luxoft Holding’s market cap is currently $1.22B and has a P/E ratio of 21.57. The company has a Price to Book ratio of 2.59.
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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.
