Luxfer Holdings PLC (NYSE:LXFR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Saturday. The brokerage presently has a $15.00 target price on the industrial products company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 11.94% from the stock’s previous close.
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 brokerages also recently commented on LXFR. BidaskClub raised Luxfer Holdings PLC from a “hold” rating to a “buy” rating in a research note on Friday, October 27th. ValuEngine downgraded Luxfer Holdings PLC from a “buy” rating to a “hold” rating in a research report on Friday, September 1st.
Shares of Luxfer Holdings PLC (NYSE LXFR) opened at $13.40 on Friday. The company has a market capitalization of $353.96, a P/E ratio of 14.73 and a beta of 0.84. Luxfer Holdings PLC has a 52 week low of $9.63 and a 52 week high of $13.84. The company has a quick ratio of 1.71, a current ratio of 2.34 and a debt-to-equity ratio of 0.61.
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Institutional investors and hedge funds have recently modified their holdings of the stock. Advisors Preferred LLC purchased a new stake in shares of Luxfer Holdings PLC during the third quarter valued at approximately $120,000. Baker Ellis Asset Management LLC increased its position in shares of Luxfer Holdings PLC by 6.7% during the second quarter. Baker Ellis Asset Management LLC now owns 11,200 shares of the industrial products company’s stock valued at $143,000 after acquiring an additional 700 shares during the last quarter. Aperio Group LLC increased its position in shares of Luxfer Holdings PLC by 5.8% during the second quarter. Aperio Group LLC now owns 12,186 shares of the industrial products company’s stock valued at $156,000 after acquiring an additional 669 shares during the last quarter. Citadel Advisors LLC bought a new position in Luxfer Holdings PLC during the third quarter valued at $173,000. Finally, Parametric Portfolio Associates LLC bought a new position in Luxfer Holdings PLC during the first quarter valued at $174,000. 85.28% of the stock is owned by institutional investors.
About Luxfer Holdings PLC
Luxfer Holdings PLC is a holding company. The Company is a materials technology company specializing in the design, manufacture and supply of materials, components and gas-containment devices for healthcare, environmental, protection and specialty end-markets. It operates through two divisions: Elektron and Gas Cylinders.
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