Luxfer Holdings PLC (LXFR) Given $23.00 Average Target Price by Brokerages

Luxfer Holdings PLC (NYSE:LXFR) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Brokers have set a 1 year consensus price objective of $23.00 for the company and are forecasting that the company will post $0.31 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Luxfer an industry rank of 86 out of 255 based on the ratings given to related companies.

Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Luxfer from a “hold” rating to a “strong-buy” rating and set a $24.00 target price on the stock in a research report on Thursday, August 9th. KeyCorp reissued a “buy” rating and set a $23.00 target price (up previously from $19.00) on shares of Luxfer in a research report on Monday, August 6th. Finally, ValuEngine cut shares of Luxfer from a “buy” rating to a “hold” rating in a research report on Wednesday, May 9th.

Several hedge funds have recently modified their holdings of the company. Aperio Group LLC increased its stake in shares of Luxfer by 21.9% during the 2nd quarter. Aperio Group LLC now owns 17,927 shares of the industrial products company’s stock worth $313,000 after purchasing an additional 3,216 shares during the last quarter. TD Asset Management Inc. increased its stake in shares of Luxfer by 19.5% during the 2nd quarter. TD Asset Management Inc. now owns 50,200 shares of the industrial products company’s stock worth $877,000 after purchasing an additional 8,200 shares during the last quarter. Kempen Capital Management N.V. increased its stake in shares of Luxfer by 1.8% during the 1st quarter. Kempen Capital Management N.V. now owns 679,535 shares of the industrial products company’s stock worth $8,698,000 after purchasing an additional 11,804 shares during the last quarter. Granite Investment Partners LLC purchased a new stake in shares of Luxfer during the 2nd quarter worth approximately $400,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Luxfer during the 2nd quarter worth approximately $619,000. Institutional investors own 82.60% of the company’s stock.

Luxfer stock opened at $20.16 on Monday. Luxfer has a 52 week low of $11.30 and a 52 week high of $21.50. The company has a current ratio of 2.43, a quick ratio of 1.10 and a debt-to-equity ratio of 0.55. The company has a market cap of $542.30 million, a price-to-earnings ratio of 21.22 and a beta of 0.78.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 1st. Stockholders of record on Friday, July 13th were paid a dividend of $0.125 per share. The ex-dividend date was Thursday, July 12th. This represents a $0.50 annualized dividend and a dividend yield of 2.48%. Luxfer’s payout ratio is currently 26.32%.

About Luxfer

Luxfer Holdings PLC, a materials technology company, designs, manufactures, and supplies high-performance materials, components, and high-pressure gas-containment devices for transportation, defense and emergency response, healthcare, and general industrial applications in Europe, North America, the Asia Pacific, and internationally.

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