Luxfer (NYSE:LXFR) has been given a $24.00 price objective by KeyCorp in a research note issued to investors on Tuesday, September 18th. The firm currently has a “buy” rating on the industrial products company’s stock. KeyCorp’s price objective suggests a potential upside of 10.96% from the stock’s current price. KeyCorp also issued estimates for Luxfer’s Q3 2018 earnings at $0.33 EPS, FY2018 earnings at $1.45 EPS and FY2019 earnings at $1.68 EPS.

Separately, Zacks Investment Research upgraded shares of Luxfer from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective for the company in a report on Thursday, August 9th.

Luxfer stock traded down $0.28 during midday trading on Tuesday, hitting $21.63. 92,485 shares of the stock were exchanged, compared to its average volume of 97,366. Luxfer has a fifty-two week low of $12.06 and a fifty-two week high of $24.27. The stock has a market cap of $614.15 million, a P/E ratio of 22.77 and a beta of 0.91. The company has a current ratio of 2.43, a quick ratio of 1.10 and a debt-to-equity ratio of 0.55.

Luxfer (NYSE:LXFR) last announced its quarterly earnings results on Wednesday, August 1st. The industrial products company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.09. Luxfer had a net margin of 4.51% and a return on equity of 19.79%. The business had revenue of $128.20 million during the quarter. As a group, analysts forecast that Luxfer will post 1.45 EPS for the current year.

A number of institutional investors have recently modified their holdings of the stock. Paradice Investment Management LLC lifted its stake in Luxfer by 2.9% in the second quarter. Paradice Investment Management LLC now owns 2,086,222 shares of the industrial products company’s stock worth $36,467,000 after acquiring an additional 59,262 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Luxfer by 5.8% during the 2nd quarter. Renaissance Technologies LLC now owns 765,300 shares of the industrial products company’s stock worth $13,377,000 after buying an additional 42,000 shares during the last quarter. Kempen Capital Management N.V. lifted its position 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 buying an additional 11,804 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of Luxfer by 24.3% during the 2nd quarter. Acadian Asset Management LLC now owns 428,649 shares of the industrial products company’s stock worth $7,493,000 after buying an additional 83,696 shares during the last quarter. Finally, Millennium Management LLC lifted its position in shares of Luxfer by 62.0% during the 2nd quarter. Millennium Management LLC now owns 375,802 shares of the industrial products company’s stock worth $6,569,000 after buying an additional 143,867 shares during the last quarter. Institutional investors own 87.24% of the company’s stock.

Luxfer Company Profile

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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