Luxfer (NYSE:LXFR) Raised to “Strong-Buy” at Freedom Capital

Luxfer (NYSE:LXFR) was upgraded by analysts at Freedom Capital to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

A number of other brokerages have also recently commented on LXFR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Luxfer in a research report on Monday, March 23rd. Wall Street Zen upgraded Luxfer from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, Zacks Research raised Luxfer from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Luxfer presently has a consensus rating of “Moderate Buy”.

Luxfer Trading Up 0.3%

NYSE:LXFR opened at $15.96 on Thursday. The company has a market capitalization of $430.99 million, a P/E ratio of 72.54, a PEG ratio of 2.07 and a beta of 1.10. The company has a current ratio of 1.75, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Luxfer has a 12 month low of $10.96 and a 12 month high of $16.02. The firm has a fifty day simple moving average of $13.33 and a 200-day simple moving average of $13.63.

Hedge Funds Weigh In On Luxfer

Several institutional investors and hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue purchased a new stake in shares of Luxfer in the fourth quarter worth about $26,000. Raymond James Financial Inc. purchased a new stake in Luxfer in the 2nd quarter worth approximately $29,000. EverSource Wealth Advisors LLC grew its stake in shares of Luxfer by 63.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,793 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 1,083 shares during the period. LSV Asset Management purchased a new position in shares of Luxfer during the 4th quarter valued at approximately $85,000. Finally, Nano Cap New Millennium Growth Fund L P purchased a new position in shares of Luxfer during the 4th quarter valued at approximately $101,000. Institutional investors and hedge funds own 90.82% of the company’s stock.

About Luxfer

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.