KeyCorp Boosts Luxfer (LXFR) Price Target to $30.00

Luxfer (NYSE:LXFR) had its price objective raised by KeyCorp from $24.00 to $30.00 in a research note released on Monday morning, Marketbeat.com reports. They currently have an overweight rating on the industrial products company’s stock. KeyCorp also issued estimates for Luxfer’s Q4 2018 earnings at $0.31 EPS, FY2018 earnings at $1.67 EPS and FY2019 earnings at $1.90 EPS.

LXFR has been the topic of several other research reports. ValuEngine raised shares of Luxfer from a buy rating to a strong-buy rating in a report on Saturday, September 22nd. Zacks Investment Research downgraded shares of Luxfer from a strong-buy rating to a hold rating in a report on Wednesday, July 18th.

Shares of NYSE:LXFR opened at $27.67 on Monday. The company has a current ratio of 2.44, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44. Luxfer has a 1-year low of $12.33 and a 1-year high of $28.06. The company has a market cap of $712.15 million, a price-to-earnings ratio of 29.13 and a beta of 0.75.

The business also recently disclosed a dividend, which was paid on Wednesday, November 7th. Stockholders of record on Friday, October 19th were given a dividend of $0.125 per share. The ex-dividend date was Thursday, October 18th. This is a boost from Luxfer’s previous dividend of $0.12. Luxfer’s dividend payout ratio (DPR) is presently 13.68%.

Several institutional investors have recently added to or reduced their stakes in LXFR. Millennium Management LLC raised its position in shares of Luxfer by 378.0% during the first quarter. Millennium Management LLC now owns 231,935 shares of the industrial products company’s stock valued at $2,969,000 after buying an additional 183,416 shares during the last quarter. Granahan Investment Management Inc. MA bought a new stake in shares of Luxfer during the second quarter valued at approximately $3,021,000. Russell Investments Group Ltd. raised its position in shares of Luxfer by 108.3% during the third quarter. Russell Investments Group Ltd. now owns 321,664 shares of the industrial products company’s stock valued at $7,473,000 after buying an additional 167,241 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of Luxfer by 37.7% during the third quarter. Acadian Asset Management LLC now owns 590,208 shares of the industrial products company’s stock valued at $13,720,000 after buying an additional 161,559 shares during the last quarter. Finally, EAM Global Investors LLC bought a new stake in shares of Luxfer during the third quarter valued at approximately $3,397,000. Hedge funds and other institutional investors own 87.45% of the company’s stock.

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.

Further Reading: Earnings Per Share

Receive News & Ratings for Luxfer Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Luxfer and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply