Luxfer Holdings PLC (LXFR) Upgraded to Hold at Zacks Investment Research
Luxfer Holdings PLC (NYSE:LXFR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.
According to Zacks, “Luxfer Holdings PLC is a materials technology company specialising in the design, manufacture and supply of high-performance materials, components and gas cylinders. The company had two divisions, Elektron and Gas Cylinders. The Elektron division focuses on speciality materials based on magnesium, zirconium and rare earths. The Gas Cylinders division manufactures products made from aluminium, composites and other metals using technically advanced processes. Luxfer also offers recycling services and magnesium powders throughout global networks. It operates manufacturing plants in various countries, which include the United Kingdom, the United States, France, Czech Republic, Canada and China. Luxfer Holdings PLC is based in Salford, the United Kingdom. “
Several other equities analysts have also commented on LXFR. Credit Suisse Group AG reaffirmed a “buy” rating and set a $16.00 target price on shares of Luxfer Holdings PLC in a report on Sunday, July 10th. TheStreet raised Luxfer Holdings PLC from a “hold” rating to a “buy” rating in a report on Wednesday, June 1st.
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Shares of Luxfer Holdings PLC (NYSE:LXFR) traded down 0.67% during trading on Thursday, reaching $11.79. The company had a trading volume of 31,896 shares. The stock’s 50-day moving average price is $11.22 and its 200-day moving average price is $11.78. Luxfer Holdings PLC has a 12 month low of $9.17 and a 12 month high of $13.60. The stock has a market capitalization of $310.07 million, a PE ratio of 11.05 and a beta of 0.62.
Luxfer Holdings PLC (NYSE:LXFR) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.29 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.29. Luxfer Holdings PLC had a return on equity of 18.51% and a net margin of 6.56%. The firm had revenue of $111 million for the quarter, compared to analysts’ expectations of $113.92 million. Equities analysts forecast that Luxfer Holdings PLC will post $1.14 earnings per share for the current fiscal year.
Institutional investors have recently modified their holdings of the company. O Shaughnessy Asset Management LLC raised its position in shares of Luxfer Holdings PLC by 163.6% in the second quarter. O Shaughnessy Asset Management LLC now owns 13,228 shares of the company’s stock worth $159,000 after buying an additional 8,209 shares during the period. Paradice Investment Management LLC raised its position in shares of Luxfer Holdings PLC by 9.0% in the second quarter. Paradice Investment Management LLC now owns 1,732,363 shares of the company’s stock worth $20,840,000 after buying an additional 143,139 shares during the period. Nationwide Fund Advisors acquired a new position in shares of Luxfer Holdings PLC during the second quarter worth about $1,026,000. JPMorgan Chase & Co. raised its position in shares of Luxfer Holdings PLC by 125.5% in the second quarter. JPMorgan Chase & Co. now owns 46,989 shares of the company’s stock worth $565,000 after buying an additional 26,147 shares during the period. Finally, GSA Capital Partners LLP raised its position in shares of Luxfer Holdings PLC by 144.2% in the second quarter. GSA Capital Partners LLP now owns 45,909 shares of the company’s stock worth $552,000 after buying an additional 27,109 shares during the period. 84.65% of the stock is owned by institutional investors and hedge funds.
Luxfer Holdings PLC Company Profile
Luxfer Holdings PLC is a holding company. The Company is a global materials technology company specializing in the design, manufacture and supply of materials, components and high-pressure gas-containment devices for healthcare, environmental, protection and specialty end-markets. Its segments include Elektron division and Gas Cylinders division.
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