Luxfer (NYSE:LXFR) Cut to Hold at Freedom Broker

Key Points

• Freedom Broker downgraded Luxfer from “strong buy” to “hold,” while the broader analyst consensus remains “Moderate Buy” with a $16.40 price target.
• Luxfer shares opened at $17.24, near the consensus target, with a market capitalization of approximately $461 million and a 52-week trading range of $11.26 to $19.45.
• The company missed quarterly expectations, reporting $0.25 EPS versus the $0.28 estimate and revenue of $89.3 million compared with the $93.7 million consensus forecast.

Luxfer (NYSE:LXFR - Get Free Report) was downgraded by research analysts at Freedom Broker from a "strong-buy" rating to a "hold" rating in a research note issued on Friday, Zacks reports.

A number of other equities analysts also recently commented on the stock. Piper Sandler set a $16.40 price objective on shares of Luxfer in a research report on Friday. Weiss Ratings cut shares of Luxfer from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.40.

Luxfer Stock Down 0.2%

Shares of Luxfer stock opened at $17.24 on Friday. Luxfer has a 52-week low of $11.26 and a 52-week high of $19.45. The company has a 50 day moving average of $17.24 and a 200 day moving average of $15.82. The company has a quick ratio of 1.05, a current ratio of 2.47 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $461.34 million, a P/E ratio of 17.62, a P/E/G ratio of 2.24 and a beta of 1.12.

Luxfer (NYSE:LXFR - Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The industrial products company reported $0.25 earnings per share for the quarter, missing analysts' consensus estimates of $0.28 by ($0.03). Luxfer had a net margin of 1.71% and a return on equity of 11.86%. The business had revenue of $89.30 million during the quarter, compared to analyst estimates of $93.70 million. As a group, research analysts forecast that Luxfer will post 1.10 EPS for the current fiscal year.

Institutional Trading of Luxfer

Institutional investors and hedge funds have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC acquired a new stake in Luxfer in the 2nd quarter worth about $34,000. EverSource Wealth Advisors LLC increased its position in shares of Luxfer by 63.3% in the first quarter. EverSource Wealth Advisors LLC now owns 2,793 shares of the industrial products company's stock worth $34,000 after acquiring an additional 1,083 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in Luxfer by 61.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 3,120 shares of the industrial products company's stock valued at $53,000 after purchasing an additional 1,191 shares in the last quarter. Fortitude Family Office LLC purchased a new stake in shares of Luxfer during the 3rd quarter valued at about $83,000. Finally, Ritholtz Wealth Management acquired a new stake in Luxfer in the first quarter valued at approximately $146,000. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

Luxfer Company Profile

Luxfer Holdings PLC NYSE: LXFR is a global manufacturer of engineered materials and high-pressure gas cylinders. The company serves industrial, healthcare, transportation, aerospace, defense, emergency response and other specialized markets with products designed for demanding applications.

Through its Luxfer Gas Cylinders business, the company produces aluminum, composite and other specialized cylinders used to store and transport medical oxygen, breathing air, industrial gases, alternative fuels such as compressed natural gas and hydrogen, and fire-suppression agents.

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