Wall Street Zen Upgrades Luxfer (NYSE:LXFR) to "Buy"

Key Points

• Wall Street Zen upgraded Luxfer (NYSE:LXFR) from "Hold" to "Buy" on Saturday, though most other analysts still rate the stock a Hold and the MarketBeat average remains "Hold".
• Luxfer opened at $15.35 with a market cap of $418.1M, a P/E of 69.8, and a 1‑year range of $10.67–$16.02 (50‑day MA $12.74, 200‑day MA $13.40).
• Institutional investors own about 90.82% of the company, and several funds (including Charles Schwab, Campbell & Co., and AllianceBernstein) modestly increased their stakes recently.

Luxfer (NYSE:LXFR - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday.

Other equities research analysts also recently issued reports about the company. Weiss Ratings restated a "hold (c)" rating on shares of Luxfer in a research report on Monday, March 23rd. Zacks Research upgraded Luxfer from a "strong sell" rating to a "hold" rating in a research report on Monday, April 27th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of "Hold".

Luxfer Stock Performance

LXFR opened at $15.35 on Friday. The company has a market capitalization of $418.13 million, a price-to-earnings ratio of 69.78, a price-to-earnings-growth ratio of 2.15 and a beta of 1.10. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.75 and a quick ratio of 0.73. Luxfer has a 1-year low of $10.67 and a 1-year high of $16.02. The business has a 50 day moving average price of $12.74 and a two-hundred day moving average price of $13.40.

Institutional Investors Weigh In On Luxfer

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its position in shares of Luxfer by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 78,540 shares of the industrial products company's stock valued at $1,063,000 after acquiring an additional 635 shares during the last quarter. Campbell & CO Investment Adviser LLC lifted its position in shares of Luxfer by 2.2% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 42,034 shares of the industrial products company's stock valued at $569,000 after acquiring an additional 902 shares during the last quarter. Intech Investment Management LLC lifted its position in shares of Luxfer by 8.7% during the 3rd quarter. Intech Investment Management LLC now owns 14,713 shares of the industrial products company's stock valued at $205,000 after acquiring an additional 1,178 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Luxfer by 7.1% during the 3rd quarter. Alliancebernstein L.P. now owns 21,200 shares of the industrial products company's stock valued at $295,000 after acquiring an additional 1,400 shares during the last quarter. Finally, Savant Capital LLC lifted its position in shares of Luxfer by 7.9% during the 3rd quarter. Savant Capital LLC now owns 19,554 shares of the industrial products company's stock valued at $272,000 after acquiring an additional 1,427 shares during the last quarter. Institutional investors and hedge funds own 90.82% of the company's stock.

Luxfer Company Profile

Luxfer Gas Cylinders, trading as Luxfer NYSE: LXFR, is a global manufacturer specializing in high-performance, lightweight gas cylinders. The company produces both aluminium and composite cylinders designed to store and transport high-pressure gases for industrial, medical, diving, firefighting and defense applications. Its portfolio includes seamless aluminium cylinders, wrapped composite cylinders and pressure vessel components tailored to meet stringent safety and performance standards.

Founded on more than a century of materials expertise originating from the Luxfer Graphic Magnesium Company established in 1898, Luxfer has evolved into a leader in cylinder innovation.

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